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Affordable living in Derwent, AB! The main floor has been opened up to provide a bigger living room and open kitchen. Two bedrooms on the main floor (one without a closet-would be a great office) and full bathroom. The loft has received upgraded insulation and is drywalled ready for your finishing touches. With a potential mortgage payment of only $150.00/month this is a great start! Water, sewer and gas provided by the County of Two Hills. Power provided by Atco Electric. Derwent is a Hamlet in Central Alberta, Canada within the County of Two Hills No.21. It is located on Highway 45, approximately 41 kilometers (25 mi)north of Vermilion. The population of the Hamlet of Derwent according to its 2009 municipal census is 125. Nearest public school is the New Myrnan School in Myrnam, AB. (10 minute drive)