Fort McMurray is located in the regional municipality of wood buffalo, Alberta, British Columbia. This is an urban service area. It is present in the middle of Athabasca oil sands and is surrounded by the boreal forest. Fort McMurray has played an important role in the development and establishment of the National Petroleum Industry.
The city’s oil and petroleum industries are the source of employment for its residents. Families move to Fort McMurray mostly because of the oil and sand industry. One reason for families moving here is that houses here are available at cheaper rates than in all other Canadian cities. So, you can enjoy your life with your family in your own house in the city.
Affordable houses to live in Fort McMurray
Real estate data of Fort McMurray have shown that the prices of both condominium apartments and single-family attached and detached homes have steadily increased particularly this year since 2016. But still, the houses that are cheapest in Fort McMurray are townhouses.
The most common construction styles in Fort McMurray are condominiums, townhouses, and single-family homes that can either be attached or attached. The suburban areas of the city have some downtown houses
Single-family homes are stand-alone residential buildings present in the different areas of the city. You can either buy a single-family home that is attached from one or more than one side to other buildings or you can be the owner of single-family detached houses.
Condominiums consist of a number of individual units that are owned individually. There are multiple units of residential complexes. Townhomes are a type of houses that have attached terraces. These are all present in lanes in many areas of Fort McMurray.
Townhouse in Range in $100K to $300K and Real Estate Market Condition of Fort McMurray
You can be the owner of your own house in Fort McMurray, ranging from $100k to $300k. You can find some of the townhouses within this range in this article.
A two-bedroom and four-bathroom townhouse are available for sale at 146 104 Loutit 146 Fort McMurray, Alberta, Canada. This townhouse has a coverage area of approximately 1566 square feet. The price of this townhouse is $192,000.
Another townhouse is available for sale at 28 313 Millennium Drive 28, Fort McMurray, Alberta, Canadian. This is a 2 bedroom and 4 bathroom townhouse with a total covering an area of 1537 square feet only $239,900.
Likewise, another townhouse at the cost of only $217,900. This is a 3 bedroom and 2 bathroom apartment with a covering area of 1,060 square feet.
With an increase in the new listings on the real estate market in June, average prices for the city’s real estate properties are managed somehow to cool off a little. Particularly the average prices of detached homes have decreased to about 10.6 percent month over month as compared to May 2021. But this increase is still less in townhouses. These are still affordable in Fort McMurray.
