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Reduced $20,000 (3%) from $679,900
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156 Gravelstone Way
Beds
4
Baths
4 full + 1 half
Sqft
1,950
Year
2010
Type
Single Family
On market
21d
Location! Layout! Style! Function! Quality! This home has it all! This gorgeous 2 story home has over 1950 sqft of living space, plus a fully developed basement with bedroom, 4 pc bathroom, living space with kitchenette, and separate laundry. The quality of finishes in this home shine through on the main floor. The kitchen has granite counters, a big kitchen island, tons of cabinets, a walk through pantry for all your small appliances, and flows into the open floor plan of dining room and spacious living room with cozy gas fireplace. The main floor also has an office with french doors for those at home work days. A 2 pc bathroom, and laundry room complete the main level. Upstairs has one of the best layouts I have seen! On your left is the large primary bedroom with beautiful 4 pc ensuite and walk in closet. To your right, is a bonus living space for whatever suits your family's needs, and leads to the two additional bedrooms and another 4pc bathroom. The bonus room also has views of the river! The side separate entrance to the basement allows for endless possibilities... inlaw or nanny suite, small home business, or just extra family space! The attached double heated garage is a must in the winter and leads to the walk through pantry great for grocery bag drops. Let's talk about the huge private backyard! Step out onto your low maintenance composite deck, listen to the birds chirping in the trees and sit back and enjoy a private yard with walking trails behind you. This fantastic property is located mins from shopping, banks, medical offices, restaurants, schools and so much more! This really is a quality built home in an awesome location. Do not miss out, and call to view today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 11.75 Ft | |
| Bedroom | 12.75 Ft x 12.17 Ft | |
| Recreational, Games room | 14.83 Ft x 13.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 10.08 Ft x 12.00 Ft | |
| Kitchen | 10.00 Ft x 13.00 Ft | |
| 2pc Bathroom | 3.00 Ft x 6.83 Ft | |
| Living room | 14.83 Ft x 15.00 Ft | |
| Office | 9.92 Ft x 10.33 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 9.08 Ft | |
| Bedroom | 10.50 Ft x 12.75 Ft | |
| Bedroom | 10.92 Ft x 12.67 Ft | |
| Primary Bedroom | 13.33 Ft x 15.08 Ft | |
| 4pc Bathroom | 8.25 Ft x 11.67 Ft | |
| Bonus Room | 14.83 Ft x 14.00 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
-1.18%
Cap rate
4.63%
GRM
13.9
Break-even rent
$4,087
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.
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 31, 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.