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197 Collicott Drive
Beds
4
Baths
4 full + 1 half
Sqft
1,687
Year
2013
Type
Single Family
On market
13d
Stunning, elegant, and beautifully maintained — this home makes a lasting impression from the moment you step inside. Located in the highly desirable neighborhood of Parsons North, this property offers the perfect blend of comfort, style, and convenience. The main floor welcomes you with a spacious foyer featuring high ceilings, a modern black light fixture, a custom accent wall, and a thoughtfully designed half bathroom. Several accent walls throughout the home were painted by the same local artist behind the 2026 Oil Barons basement mural, adding a unique artistic touch. The open-concept main living area features an off-white kitchen with a large island, a bright dining space, and a spacious living room enhanced with elegant wall mouldings and a stylish fireplace. Upstairs, you’ll find 3 generously sized bedrooms, 2 full bathrooms, a convenient laundry area, and a versatile nook ideal for a home office or playroom. The primary bedroom includes a walk-in closet and a private 4-piece ensuite.The beautifully finished 1-bedroom, 1-bath LEGAL SUITE in the basement has previously generated approximately $1,600/month as an Airbnb. Additional features include a single attached heated garage, Central A/C, Water on Demand, Central Vacuum, and a rear deck with practical dry storage underneath. Recent updates include: Dishwasher (2023), Sump Pump (2025) and Upstairs Washer (2026). This exceptional home truly stands out with its tasteful décor, functionality, and income potential. Don’t miss your opportunity to own this gem — book your showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.67 Ft x 7.75 Ft | |
| Living room | 11.08 Ft x 7.58 Ft | |
| Kitchen | 11.08 Ft x 9.58 Ft | |
| Bedroom | 12.00 Ft x 11.67 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 3.67 Ft x 7.17 Ft | |
| Kitchen | 7.42 Ft x 13.17 Ft | |
| Dining room | 10.58 Ft x 13.08 Ft | |
| Living room | 18.75 Ft x 11.83 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Den | 10.75 Ft x 9.33 Ft | |
| 3pc Bathroom | 4.92 Ft x 8.17 Ft | |
| Bedroom | 9.58 Ft x 12.83 Ft | |
| Bedroom | 9.42 Ft x 12.75 Ft | |
| 4pc Bathroom | 8.17 Ft x 8.08 Ft | |
| Primary Bedroom | 13.08 Ft x 12.67 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
-1.48%
Cap rate
4.57%
GRM
13.9
Break-even rent
$3,026
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 28, 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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.