- Property Info
- Mortgage Info
3.21 acre parcel in south east Drayton Valley. Flat, level parcel zoned R1 currently has a producing oil well on it. Lease value paid annually by oil company is $18,500 PER YEAR. When the well is exhausted, and currently there is no indication this will be any time soon, the Town would look favourably on re-development. Great location near parks and schools. No development can occur on the property and owner may not be on the land until the well is removed and the site remediated. Oil company maintains access road, well site and cuts grass on the rest of the parcel.
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Listing Office: EXP REALTY
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