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374 Parsons Creek Drive
Beds
4
Baths
4 full + 1 half
Sqft
1,394
Year
2006
Type
Single Family
On market
33d
DITCH THE CAR KEYS, RECLAIM YOUR TIME, AND SAVE ON GAS! Welcome to 374 Parsons Creek Drive, a rare gem designed to simplify your family’s morning routine. Perfectly situated literally steps from K-12 schools and offering immediate access to both site and city transit, this home provides a truly seamless commute. The current owners purchased this property for that exact reason—enjoying the luxury of walking to work and avoiding long, cold treks to site bus stops. Beyond its prime location, this turnkey residence is filled with character and thoughtful upgrades. Your experience begins at the iconic yellow front door, a symbol of warmth and hospitality that sets the tone for the joyful home within. Inside, the main level is bathed in natural light, where freshly painted neutral walls create a serene, airy atmosphere that allows bold, jewel-toned furnishings and light fixtures to take center stage. This masterful balance of calm architectural tones and spirited living spaces is anchored by a generous great room featuring 9ft ceilings, oversized windows, and updated plank flooring. The flow continues into an open-concept kitchen and dining area where style meets function; here, sleek quartz countertops and a tiled backsplash complement a standout retro red fridge and a convenient corner walk-in pantry. Transitions are effortless in this completely carpet-free home, with updated flooring extending across all levels. Upstairs, the primary retreat offers an impressive scale with more than enough room for a king-size bed and oversized furniture, complete with a walk-in closet and a full ensuite finished with quartz. Two additional bedrooms and another quartz-appointed bathroom ensure plenty of space for the whole family. For those seeking versatility, the fully finished lower level is a true standout. Featuring a separate entrance and a kitchenette, this space is ideal for those looking for a mortgage helper and currently has an excellent tenant who commutes out of town on h is days off.. Alternatively, the layout remains perfect for personal use, offering a cozy family room centered around a gas fireplace, a fourth bedroom, and a full bathroom. The exterior is equally well-maintained, boasting a fully landscaped and fenced yard with ample parking at the rear offering room for 3 vehicle parking . As an added bonus, the property includes a durable, oversized shed built of concrete blocks, offering permanent storage solutions in a location that truly has it all. For those seeking a garage did you know most lenders will do a purchase plus improvements on your mortgage to cover the cost of a garage build tied right into your mortgage payments. This home offers ample space for a detached garage pending RMWB permit approval. This home is a most see at an affordable price! Call for your personal tour today. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.08 Ft x 9.00 Ft | |
| Bedroom | 11.17 Ft x 18.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.08 Ft x 4.83 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.00 Ft x 9.08 Ft | |
| 4pc Bathroom | 5.75 Ft x 9.08 Ft | |
| Bedroom | 10.92 Ft x 9.17 Ft | |
| Bedroom | 10.92 Ft x 9.33 Ft | |
| Primary Bedroom | 15.67 Ft x 18.83 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
3.20%
Cap rate
5.50%
GRM
12.2
Break-even rent
$2,661
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 27, 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.