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Fort McMurray · Vacant Land · under $75,000. Alerts only send when there are new or meaningfully updated matching homes.
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Build Your Dream Home in Waterways! Welcome to 7204 Bulyea Avenue, a 5,625 sq. ft. residential lot located in one of Fort McMurray's most unique and growing neighbourhoods. Zoned R1M, this property offers the opportunity to design and build a custom home tailored to your lifestyle, whether you're envisioning a modern bungalow, a spacious two-storey residence, or a home with ample garage and parking space. Surrounded by established homes and just moments from the Clearwater River, walking trails, and green space, Waterways offers a lifestyle that blends nature, community, and convenience. With plenty of room to create your ideal home and outdoor living space, this lot presents an excellent opportunity for homeowners, builders, and investors alike. Build-to-suit opportunities may be available, allowing buyers to work with a builder to create a home designed specifically for their lifestyle and budget. For investors and developers, there may also be potential to pursue higher-density residential development through rezoning, subject to approval by the Regional Municipality of Wood Buffalo. For those seeking additional space and development potential, the neighbouring corner lot at 7202 Bulyea Avenue is also available, creating the rare opportunity to combine both parcels into an approximately 11,250 sq. ft. development site. (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).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 23, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.