We use cookies for basic analytics + follow-up. Privacy
We remember this notice, run basic analytics, and use account activity like saved homes and listing views to provide real-estate follow-up. Privacy.
Swipe through similar matches — tap the heart to save, or open one for the full read.
573 Heritage Drive
Beds
5
Baths
4 full + 1 half
Sqft
1,666
Year
2013
Type
Single Family
On market
41d
This well-appointed 1,666 sq. ft. two-storey home offers exceptional value and versatility in the highly desirable community of Parsons Creek. Featuring 5 bedrooms and 3.5 bathrooms, this property is ideal for families seeking both comfort and income potential.The main floor boasts a bright, open-concept layout designed for modern living. The inviting living room is highlighted by engineered hardwood flooring, large windows that fill the space with natural light, and a cozy gas fireplace—perfect for relaxing or entertaining. The kitchen is both stylish and functional, complete with dark cabinetry, ceramic tile flooring, and sleek black granite countertops. Convenient back door access leads directly to the backyard, enhancing indoor-outdoor flow.The upper level features three generously sized bedrooms and two full bathrooms, along with the added convenience of an upper floor laundry room. The spacious primary bedroom includes a walk-in closet and a private 4-piece ensuite complete with granite countertops. The two additional bedrooms are well-sized and share access to another 4-piece bathroom, making this level both practical and comfortable for family living.The fully developed basement adds incredible value with a legal 2-bedroom legal suite, complete with a separate entrance—ideal for rental income or extended family living.Additional features include a detached double heated garage, providing both convenience and comfort during colder months.Please note that the home does require some work; however, with a little bit of TLC, this property has the potential to truly shine and become an amazing home or investment opportunity.This property combines thoughtful design, practical features, and an unbeatable location—making it a must-see for buyers looking to invest in one of the area's most sought-after neighbourhoods. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.08 Ft x 6.83 Ft | |
| Bedroom | 11.25 Ft x 13.75 Ft | |
| Bedroom | 9.42 Ft x 10.00 Ft | |
| Kitchen | 10.75 Ft x 10.42 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 5.17 Ft x 6.33 Ft | |
| Dining room | 15.83 Ft x 19.25 Ft | |
| Foyer | 7.25 Ft x 10.00 Ft | |
| Kitchen | 10.17 Ft x 20.58 Ft | |
| Living room | 11.75 Ft x 15.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 8.08 Ft x 6.67 Ft | |
| 4pc Bathroom | 4.92 Ft x 9.58 Ft | |
| Bedroom | 10.42 Ft x 11.92 Ft | |
| Bedroom | 10.33 Ft x 11.83 Ft | |
| Primary Bedroom | 12.00 Ft x 12.92 Ft | |
| Other | 4.42 Ft x 9.75 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
1.44%
Cap rate
5.15%
GRM
12.9
Break-even rent
$3,171
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
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.