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116 Dakin Drive
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Beds
6
Baths
4
Sqft
1,739
Year
2012
Type
Single Family
On market
20d
Welcome to the heart of Parsons North, where this stunning custom-built home offers a rare opportunity to own a truly versatile property backing directly onto one of the community’s most loved family spaces. Overlooking the splash park, playground, skateboard park, and open green space just beyond your gate, this home combines privacy, flexibility, and an unbeatable location in one exceptional package.Proudly owned by the original owners, this beautifully maintained home offers an incredibly functional layout. THREE full kitchens, and THREE separate laundry areas, creating endless possibilities for multigenerational living, rental income, home-based business use, or growing families needing additional space.Inside, you’ll find gorgeous hand-scraped engineered hardwood flooring, tile throughout the entry, kitchen, and bathrooms, soaring vaulted ceilings, and oversized windows that flood the home with natural light while showcasing beautiful year-round views of the park behind. The bright kitchen features full-height cabinetry, granite countertops, stainless steel appliances, tile backsplash, and a spacious island designed for both everyday living and entertaining, flowing seamlessly into the dining area and inviting living room centered around a cozy gas fireplace with stained wood mantle.The main level offers excellent family functionality with two spacious bedrooms, a full bathroom, dedicated office/den with vaulted ceiling (easily functioning as an additional bedroom), plus convenient main floor laundry and pantry space.Privately situated above the garage, the primary retreat feels like its own private escape and features bay windows with Hunter Douglas two-way honeycomb blinds, a walk-in closet, and a bright ensuite complete with a jetted tub and separate shower.The fully developed basement is where this home truly shines, featuring TWO separate suites. The legal one-bedroom suite includes its own private entrance, while the additional illegal suite off ers a full kitchen, private laundry, walk-in closet, and full bathroom. All basement windows are above grade with no window wells, creating bright and welcoming spaces throughout.Additional features include central air conditioning, hot water on demand, a secondary hot water tank, double attached garage, exposed aggregate driveway and walkways.Step outside to your upper deck and gazebo where you can enjoy the neighborhood's sounds from a peaceful distance or simply open the gate and join the activity, from birthday parties and kite flying to sidewalk chalk masterpiece and winter tobogganing. This is a community built for connection.Ideally located close to elementary schools, walking trails, parks, and future amenities including the upcoming Walmart development and planned access routes, this is a rare opportunity to own a home that offers exceptional flexibility, income potential, and an incredible family lifestyle in one of Fort McMurray’s most sought-after neighborhoods. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 6.08 Ft x 10.67 Ft | |
| Other | 7.33 Ft x 9.00 Ft |
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.50 Ft x 5.83 Ft | |
| 4pc Bathroom | 5.00 Ft x 7.25 Ft | |
| Bedroom | 10.25 Ft x 10.92 Ft | |
| Bedroom | 10.50 Ft x 10.50 Ft | |
| Kitchen | 3.83 Ft x 10.25 Ft | |
| Kitchen | 8.42 Ft x 7.00 Ft | |
| Recreational, Games room | 11.75 Ft x 14.25 Ft | |
| Recreational, Games room | 21.75 Ft x 10.92 Ft | |
| Furnace | 7.00 Ft x 12.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.00 Ft x 7.83 Ft | |
| Bedroom | 10.33 Ft x 13.25 Ft | |
| Bedroom | 11.00 Ft x 11.33 Ft | |
| Dining room | 10.50 Ft x 13.33 Ft | |
| Kitchen | 11.58 Ft x 13.83 Ft | |
| Living room | 14.42 Ft x 15.67 Ft | |
| Bedroom | 9.33 Ft x 9.25 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.25 Ft x 8.25 Ft | |
| Primary Bedroom | 17.42 Ft x 12.42 Ft | |
| Other | 6.67 Ft x 8.25 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.76%
Cap rate
3.51%
GRM
16.7
Break-even rent
$4,330
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 21, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Fort McMurray. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.