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Type
Vacant Land
On market
201d
A Prime Land Development Opportunity in North Parsons Creek. New opportunities are emerging in the vibrant and fast-growing community of North Parsons Creek. Presenting Block 22, Lot 2—a remarkable 1.67-acre (+/–) development parcel prominently positioned on the corner of Nicolson Drive and Collicot Gate. Currently zoned R3 – Mid-Rise Medium Density, further enhancing its potential. The property benefits from full municipal services located in close proximity to the lot line, including water, sewer, natural gas, and power—supporting a wide range of future development options. Nestled on a scenic plateau overlooking the Athabasca River Valley, North Parsons Creek is a master-planned, multi-phased community located west of Highway 63 and north of the established neighbourhood of Timberlea. The area has been thoughtfully designed to deliver a high quality of life through walkability, connected open spaces, and diverse residential, commercial, and recreational amenities. The community emphasizes sustainable development principles, featuring mixed-use districts, an extensive trail network, pedestrian-oriented connections, and dedicated transit nodes. Residents enjoy a trendy suburban setting with two elementary schools, abundant parks, paved pathways, a skate park, water spray park, and plans for a future waterfront village complete with a canal and two man-made ponds. According to the 2021 RMWB municipal census, Parsons Creek is home to 3,880 residents and 1,727 dwellings. Upon full build-out, the area is projected to accommodate 24,000 residents across more than 815 acres, making this one of Fort McMurray’s most significant growth corridors.All permitted uses, zoning details, and servicing capacities should be confirmed by the purchaser directly with the Regional Municipality of Wood Buffalo. (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).
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 23, 2026.
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.