Just Sold: Waterways Home Prices
See recently sold MLS® listings in Waterways. Browse sold prices and find out how much homes actually sell for.
Homes sold (last 30 days)
1
Median sold price
$534,000
Average time to sell
46 days
Finding accurate comps for Waterways is essential whether you're buying or selling. Our MLS® past sales data shows you exactly what homes sold for — giving you the comparable sales you need to price correctly.
View property values in Waterways, see the average home price for 2026, and understand what drives market value in this area. This is the MLS® sold real estate data that smart buyers and sellers use.
Waterways Sold Data Overview
Over the past 2 years, 14 homes have sold in Waterways, Fort McMurray, with a median sold price of $571K. Sale prices have ranged from $285K to $1.20M. The typical home sells in 90 days, suggesting buyers have time to negotiate. Homes are selling at 95.8% of their list price — below asking price on average. Median property taxes in the area run approximately $2,635 annually. The most common property types sold include Detached (12), Residential Land (2).
1 Recently Sold Homes in Waterways (Last 30 days • Updated February 24, 2026 at 7:54 PM)
Showing 1 of 1. Sold details require a verified account.
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Waterways Market Insights
Understand pricing, negotiation leverage, and market velocity based on recent sales.
$571,000
Avg: $634,071
Range: $285,000 – $1,200,000
95.8%
Room for negotiation
106 days
$336
14 homes sold
Click a property type to view its trends in the chart below:
All Property Types
(click to filter chart)2-Year Market Trends: All Property Types
(10 months)Negotiation & Cost Insights
Sold Above Asking
14%
86% sold below
Median Property Tax
$2,635/yr
Avg: $2,973
Home Size Range
1,258 – 3,972
sq ft
Price Spread
±$252,229
standard deviation
14
Homes sold (last 2 years)
18
Currently for sale
18.0
Months of Inventory (MOI)
5.6%
Absorption Rate (30d)
4
New in February 2026
1 vs 1
Sold count (last 30 vs prior 30): 0.0%
Median price: $534,000 vs $660,000 (-19.1%)
Waterways vs Fort McMurray
Waterways median sold price
$534,000
1 sold in last 30 days
Fort McMurray median sold price
$335,000
97 sold in last 30 days
Neighbourhood Guide: Waterways, Fort McMurray
Neighbourhood Overview
Waterways is Fort McMurray's most historic neighbourhood, offering a peaceful, nature-oriented atmosphere just south of the downtown core. Bordered by the Clearwater and Hangingstone Rivers, the community has seen significant revitalization in recent years. It provides residents with a unique blend of historic charm, riverfront access, and expansive green spaces, making it a desirable enclave for outdoor enthusiasts.
Location
Situated in the southern end of Fort McMurray, Waterways is uniquely positioned at the confluence of the Clearwater and Hangingstone Rivers. It sits just southeast of the Lower Townsite and includes the sprawling, forested acreages along Draper Road. The neighbourhood offers immediate access to Highway 63, ensuring a straightforward commute to the rest of the city and the northern oil sands sites.
Housing Character
The real estate landscape in Waterways is defined by its premium, detached properties, featuring a mix of charming older homes, modern post-wildfire rebuilds, and spacious mobile homes. The Draper sub-area offers highly sought-after acreage living with expansive lots and large garages. The local market reflects this premium positioning with an active listing count of 18 and a median sold price of $571,000.
Schools & Education
While Waterways is primarily residential, its proximity to the Lower Townsite means families have convenient access to several nearby educational institutions. Local students typically attend Dr. K.A. Clark Elementary School, Father Turcotte School, or Fort McMurray Composite High School. Additionally, Keyano College is situated just minutes away, providing excellent post-secondary education options.
Transit & Access
Waterways is a predominantly car-dependent community, appealing to those who prefer private transportation and quick highway access. Direct entry to Highway 63 allows residents to easily navigate to downtown and major employment centres. While public transit routes are limited within the neighbourhood itself, the brief drive into the city centre connects commuters to broader municipal transit networks.
Shopping & Dining
Commercial zoning is minimal within Waterways, preserving its quiet, residential ambiance. However, residents are never far from daily necessities, as the vibrant downtown Fort McMurray is just a short drive away. The Lower Townsite provides a wide array of grocery stores, local dining options, cafes, and retail services to meet all lifestyle needs.
Parks & Recreation
Recreation is a cornerstone of the Waterways lifestyle, particularly for water lovers. The neighbourhood features beautiful local green spaces like Waterways Community Park, Sitskaw Park, and J. Howard Pew Park. With direct access to the Clearwater and Hangingstone Rivers, residents frequently enjoy canoeing, kayaking, hiking, and off-roading, while the massive MacDonald Island Park complex is only minutes away.
Lifestyle & Community
Life in Waterways is defined by its tranquil, outdoorsy character and strong connection to the region's natural waterways. It attracts residents who seek a rustic, acreage-style environment or riverfront living without sacrificing the convenience of urban proximity. With homes currently averaging 106 days on the market and a strong sale-to-list ratio of 95.8%, it is a tight-knit community ideal for nature lovers.
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Frequently Asked Questions
Website provided by Kelly Grant
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Mortgage values are calculated by hômm and are provided for estimate purposes only.
The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).
Listing information last updated on February 25, 2026 at 7:00 pm (America/Edmonton)
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