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Year
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Type
Vacant Land
On market
98d
YOUR DREAM HOME or INVESTMENT ON THIS CORNER LOT in the highly desirable PARSONS CREEK community!This vacant lot offers an incredible opportunity to build in one of Fort McMurray’s newest and most sought after residential areas. Ideally located close to schools, parks, and scenic walking trails, with quick access to all essential amenities.This property offers strong DEVELOPMENT POTENTIAL, including the option to build a TRIPLEX or a MULTIFAMILY BUILDING WITH A MINIMUM OF 5 UNITS, subject to city approval. This type of development may qualify for CMHC MULTI UNIT FINANCING, which can include as little as 5 percent down payment and amortization up to 25 to 50 years depending on program eligibility.Rear lane access provides additional flexibility for future parking solutions, making this a highly versatile investment opportunity.This lot can also be purchased together with MLS A2290168 and A2290166. Combined, the lots offer expanded development potential and greater flexibility for larger scale multifamily planning, subject to final city approval.Disclosure: Seller is a licensed real estate agent in the province of Alberta. Floor plans are available for serious buyers.Don’t miss this rare opportunity to secure a high potential development site in a growing community. (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).
Cash on cash
20.45%
Cap rate
8.95%
GRM
8.3
Break-even rent
$1,539
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 Jun 7, 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.