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Fort McMurray · Vacant Land · under $125,000. Alerts only send when there are new or meaningfully updated matching homes.
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PRIME DEVELOPMENT OPPORTUNITY IN ABASAND! Welcome to 119 Airmont Court, a rare chance to secure a generous 7,900 sq.ft. pie-shaped lot tucked away in a quiet cul-de-sac in one of Fort McMurray’s most established and sought-after neighbourhoods. Zoned R1S, this property offers exceptional flexibility for a variety of building options. Whether you envision a custom-built single-family home, a thoughtfully designed duplex, or a home with an income-generating suite, the possibilities here are endless.The expansive lot size provides plenty of space to bring your vision to life, with room for RV parking, an oversized garage, a workshop, or a backyard oasis complete with outdoor entertaining space and room for the kids and pets to play. This is your opportunity to build exactly what you want without compromising on lot size or location.Location truly sets this property apart. Situated just minutes from downtown, Keyano College, and hospital, you'll enjoy the convenience of city amenities while being surrounded by nature. Abasand is known for its extensive trail systems, nearby parks, playgrounds, schools, and easy access to public transportation, making it an ideal community for families, professionals, and investors alike.Whether you're a first-time buyer looking to build equity, an investor seeking future value, or someone ready to create their forever home from the ground up, this lot presents an incredible opportunity with long-term potential. Vacant lots of this size in established neighbourhoods are becoming increasingly difficult to find, making this a smart investment for today and the future. Secure your piece of Abasand and start turning your dream home into a reality. Contact me today for more information and discover everything this exceptional property has to offer! (id:65958)
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
85.54%
Cap rate
21.97%
GRM
3.8
Break-even rent
$751
Financing
Operating expenses (monthly)
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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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 Jun 22, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.