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125 Balsam Way
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Fort McMurray · Single Family · under $375,000 · 3+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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NO CONDO FEES | RARE 4-BEDROOM LAYOUT | NUMEROUS UPDATES | FULLY FENCED YARD. Welcome to 125 Balsam Bay, a beautifully maintained and extensively updated home in the heart of Timberlea, ideally situated close to schools, shopping, parks, and everyday amenities. Offering a rare four-bedroom floor plan with no condo fees, this property combines spacious living with exceptional value. Step inside to discover a bright, open-concept main living area enhanced by soaring vaulted ceilings and durable laminate flooring throughout. The well-appointed kitchen features timeless white cabinetry, stainless steel appliances, a functional island with breakfast seating, and additional pantry storage, making it both stylish and practical. The inviting living room is centered around a cozy gas fireplace, creating the perfect place to relax or entertain. Privately positioned on one end of the home, the spacious primary retreat offers a walk-in closet and a full ensuite complete with a large soaker tub. The remaining three bedrooms are thoughtfully located on the opposite side of the home, providing excellent separation for family or guests. One of these oversized rooms offers outstanding flexibility and could easily serve as a family room, media room, home office, playroom, or additional living space. A convenient mudroom with laundry leads directly to the backyard. Outside, you'll enjoy a fully fenced yard designed for both relaxation and entertaining, featuring an impressive 11' x 20' deck, two storage sheds—including one with attic storage—and additional space behind the home that is ideal for a dog run or extra storage. The front driveway offers plenty of parking for multiple vehicles. This home has seen numerous important updates, including a new dishwasher (2017), stove and microwave (2018), flooring (2019), updated trim (2021), furnace chimney (2021), central air conditioning (2021), refrigerator (2025), hot water tank (2025), and furnace (December 2025), providing peace of min d for years to come. Move-in ready and loaded with value, this exceptional property is ready for its next owners. Schedule your private showing today! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.75 Ft x 4.92 Ft | |
| 4pc Bathroom | 8.50 Ft x 5.08 Ft | |
| Bedroom | 8.58 Ft x 10.00 Ft | |
| Bedroom | 8.50 Ft x 10.00 Ft | |
| Dining room | 11.58 Ft x 8.92 Ft | |
| Kitchen | 20.33 Ft x 9.92 Ft | |
| Bedroom | 10.17 Ft x 18.83 Ft | |
| Primary Bedroom | 13.00 Ft x 13.25 Ft | |
| Living room | 14.08 Ft x 18.75 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
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Suite legality / potential
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Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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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).
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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.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 8, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.