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Fort McMurray · Vacant Land · under $2,600,000. Alerts only send when there are new or meaningfully updated matching homes.
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Secure a prime 3.09-acre commercial development opportunity on Coventry Drive in the growing Parsons North community of Fort McMurray. Zoned C3 – Community Commercial District and designated as Mixed Development District, this property offers excellent flexibility with a wide range of permitted commercial and institutional uses, along with discretionary opportunities including residential apartment-style and additional commercial or recreational developments. Ideally located with direct access to Highway 63 and in close proximity to Suncor, the site benefits from strong exposure and connectivity. It is also situated near the new Walmart Super centre within a rapidly expanding commercial node. Services have been brought to the property line, with the purchaser responsible for any interior servicing and potential subdivision. Parsons North is a thoughtfully planned community featuring schools, trails, green spaces, and recreational amenities, with future plans for a waterfront village. With an anticipated population of approximately 24,000 at full build-out and the proposed Highway 686 extension set to enhance regional access, this property presents a strong opportunity for long-term commercial or mixed-use development. (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
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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 May 14, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.