Browse MLS® listings in Waterways, a Fort McMurray neighbourhood.
Active listings
10
Median list price
$749,900
Avg list price
$895,520
Showing 10 of 10 active MLS® listings
$899,800
3136 DRAPER Road, Fort McMurray
Other
$899,800
3136 DRAPER Road, Fort McMurray
Other
$568,000
7423 Railway Avenue, Fort McMurray
Detached Single Family · 3 bed · 4 bath · 1,982 sqft
$568,000
7423 Railway Avenue, Fort McMurray
2 Storey · 3 bed · 4 bath · 1,982 sqft
$1,995,000
5747 Draper Road, Fort McMurray
Detached Single Family · 2 bed · 5 bath · 2,956 sqft
$1,995,000
5747 Draper Road, Fort McMurray
Acreage with Residence,Bungalow · 2 bed · 5 bath · 2,956.43 sqft
$264,900
5329 Draper Road, Fort McMurray
Other
$264,900
5329 Draper Road, Fort McMurray
Other
$699,900
7428 Bulyea Avenue, Fort McMurray
Other
$799,900
9304 Mccormick Drive, Fort McMurray
Other
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.
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.
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 10 and a median sold price.
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.
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.
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.
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.
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 on the market and a strong sale-to-list ratio, it is a tight-knit community ideal for nature lovers.
See recent sold prices in Waterways, Fort McMurray
Browse MLS® sold prices to understand the market before you buy.
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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 April 24, 2026 at 4:00 pm (America/Edmonton)