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Real Estate in Downtown, Fort McMurray

Downtown Fort McMurray suits buyers who want to trade the car-centric suburbs for a walkable urban life without sacrificing northern Alberta wages.

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Active listings

115

Median list price

$180,000

Avg list price

$321,906

Homes for Sale in Downtown, Fort McMurray

Showing 12 of 115 active MLS® listings

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9918 GORDON Avenue, Fort McMurray

$155,900

9918 GORDON Avenue, Fort McMurray

Single Level Apartment · 2 bed · 2 bath · 1,144 sqft

9918 GORDON Avenue, Fort McMurray

$155,900

9918 GORDON Avenue, Fort McMurray

Single Level Apartment · 2 bed · 2 bath · 1,144 sqft

113 Fontaine Crescent, Fort McMurray

$200,000

113 Fontaine Crescent, Fort McMurray

Townhouse · 2 bed · 2 bath · 1,138 sqft

55 Centennial Drive, Fort McMurray

$469,900

55 Centennial Drive, Fort McMurray

Detached Single Family · 3 bed · 3 bath · 1,189 sqft

113 Fontaine Crescent, Fort McMurray

$200,000

113 Fontaine Crescent, Fort McMurray

2 Storey · 2 bed · 2 bath · 1,137.78 sqft

55 Centennial Drive, Fort McMurray

$469,900

55 Centennial Drive, Fort McMurray

Bi-Level · 3 bed · 3 bath · 1,189 sqft

8528 Manning Avenue, Fort McMurray

$109,900

8528 Manning Avenue, Fort McMurray

Single Level Apartment · 1 bed · 1 bath · 505 sqft

28 Alberta Drive, Fort McMurray

$529,900

28 Alberta Drive, Fort McMurray

Detached Single Family · 2 bed · 2 bath · 1,085 sqft

105 Hill Drive, Fort McMurray

$375,000

105 Hill Drive, Fort McMurray

Detached Single Family · 2 bed · 2 bath · 1,084 sqft

105 Hill Drive, Fort McMurray

$375,000

105 Hill Drive, Fort McMurray

Bungalow · 2 bed · 2 bath · 1,084 sqft

8528 Manning Avenue, Fort McMurray

$109,900

8528 Manning Avenue, Fort McMurray

Single Level Apartment · 1 bed · 1 bath · 505 sqft

100 Richard Street, Fort McMurray

$120,000

100 Richard Street, Fort McMurray

Single Level Apartment · 2 bed · 2 bath · 851 sqft

Buying in Downtown

Who fits here

Downtown Fort McMurray suits buyers who want to trade the car-centric suburbs for a walkable urban life without sacrificing northern Alberta wages. The neighbourhood draws professionals employed in oil sands administration, finance, and healthcare who prefer a short commute over a long drive from Timberlea or Thickwood Heights. Keyano College sits directly on Franklin Avenue, making Downtown the obvious base for faculty, staff, and mature students. Young couples and single professionals appreciate the density of dining, fitness studios, and riverfront parks within walking distance — kiyām Community Park, Snye Park, and the Clearwater River trail network are all minutes from most front doors. The condo-heavy housing stock means lower maintenance obligations, which suits the transient-turned-permanent workforce that has increasingly decided to plant roots: the RMWB''s 2025 municipal census found permanent residents up more than 11 per cent since 2021, with 43 per cent of the population in the prime 20–44 working-age bracket. Investors attracted to rental demand from rotating oil sands workers also find Downtown''s apartment and mixed-use zoning a natural fit.

Current market in the neighbourhood

Downtown Fort McMurray''s for-sale market reflects the urban premium buyers pay for walkability and riverfront access. The median sold price sits, while the average sold price. Condominiums dominate the stock, so price-per-square-foot is the sharpest comparator: the average. Active listings currently number 115, with asking prices ranging from. Homes are selling at of list price, and the average time to sale is days. Over the past twelve months, properties changed hands — a useful signal of liquidity for buyers and sellers alike.

Commute and lifestyle

Franklin Avenue is Downtown''s main artery and Fort McMurray''s commercial spine — groceries, pharmacies, banks, restaurants, and professional services line both sides within a compact walkable grid. Keyano College''s Clearwater Campus anchors the eastern edge of the district, and the RMWB''s redesigned transit network, rolled out in August 2024, introduced high-frequency core routes along Franklin Avenue plus an On Demand zone covering the broader downtown area, making car-free errands genuinely practical. Drivers heading to the oil sands upgraders north of the city are typically on Highway 63 within five minutes, and downtown workers rarely exceed a ten-minute commute. The riverfront is the neighbourhood''s recreational backbone: Snye Park offers water access for kayaking and canoeing on the Clearwater, Borealis Park provides a spray park, skating pond, and winding trails, and multi-use paths connect the whole system north to south. With the 2023 Downtown Area Redevelopment Plan now in force, the RMWB is backing private investment through its Revitalization Incentives Program, signalling continued infrastructure upgrades and public-realm improvements for years to come.

Long-term context

Downtown Fort McMurray''s values are anchored to, and buffered by, the broader Wood Buffalo economy. The oil sands represent one of Canada''s largest capital-investment programs, and periods of strong commodity prices historically push wages — and rents — upward, supporting resale prices. The 2025 RMWB census recorded Fort McMurray''s population at 107,740, up 1.6 per cent from 2021, and permanent residents — the demographic most likely to buy — rising more than 11 per cent over the same period. Downtown in particular benefits from the conversion of former hotel stock into purpose-built apartments, tightening rental supply and adding upward pressure on investor-held condos. The RMWB''s active Revitalization Incentives Program and the 10-year Downtown Area Redevelopment Plan approved in September 2023 signal sustained public investment in the urban core, a structural tailwind for values that suburban neighbourhoods do not share.

About Downtown

Overview

Downtown Fort McMurray, also known as the Lower Townsite, is the vibrant central business district and cultural hub of the region. Nestled in the Clearwater River Valley, it offers a highly walkable urban environment that perfectly balances city conveniences with stunning natural surroundings.

Location

Situated at the confluence of the Athabasca and Clearwater rivers, Downtown is geographically central. Highway 63 provides direct access in and out of the community, while Franklin Avenue serves as the primary local thoroughfare connecting residents to the rest of the Regional Municipality of Wood Buffalo.

Housing character

The real estate landscape in Downtown Fort McMurray is highly accessible, featuring a mix of single-family homes, townhouses, and high-density buildings. The dominant property type is the apartment, which contributes to the neighborhood's affordable price positioning, reflected in a median sold price.

Schools

The neighborhood is well-served by both the public and Catholic school districts. Local options include Dr. K.A. Clark Elementary School, Fort McMurray Composite High School, Our Lady of the Rivers Catholic School, and Father Turcotte Catholic School. The area is also home to Keyano College, the region's primary post-secondary institution.

Transit

Downtown is a major hub for local municipal transit, offering comprehensive bus routes throughout the city. Its central location and proximity to Highway 63 also make it an ideal neighborhood for oil sands workers, with numerous commuter shuttle stops conveniently located throughout the area.

Shopping and dining

Franklin Avenue serves as the commercial spine of the community, boasting the region's main shopping destination, Peter Pond Mall. The dining scene is diverse, featuring everything from popular chains to beloved local spots like Surekha's on the Snye, which offers scenic riverfront patio dining, and various vibrant local cafes.

Parks and recreation

Outdoor enthusiasts are drawn to the waterfront green spaces, notably Snye Park and Borealis Park, which offer everything from summer kayaking and beach volleyball to winter ice skating. Additionally, residents are just a quick trip across the river to MacDonald Island Park, Canada's largest recreation and community center.

Lifestyle

Living Downtown offers an energetic, urban lifestyle with immediate access to arts, culture, and nature. Whether catching a show at the Keyano Theatre and Arts Centre, exploring the riverfront trails, or enjoying the local amenities, residents experience a dynamic community where properties spend an average of on the market.

See recent sold prices in Downtown, Fort McMurray

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Frequently Asked Questions

The downtown housing stock is predominantly condominiums and apartments in low- to mid-rise buildings, with a smaller number of townhomes and mixed-use residential units above commercial space on Franklin Avenue. Purpose-built rental conversions have also added supply in recent years.

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 June 24, 2026 at 5:00 am (America/Edmonton)