Welcome to the heart of Parsons North, where this stunning custom-built home offers a rare opportunity to own a truly versatile property backing directly onto one of the community's most loved family spaces. Overlooking the splash park, playground, skateboard park, and open green space just beyond your gate, this home combines privacy, flexibility, and an unbeatable location in one exceptional package. Proudly owned by the original owners, this beautifully maintained home offers an incredibly functional layout. THREE full kitchens, and THREE separate laundry areas, creating endless possibilities for multigenerational living, rental income, home-based business use, or growing families needing additional space. Inside, you'll find gorgeous hand-scraped engineered hardwood flooring, tile throughout the entry, kitchen, and bathrooms, soaring vaulted ceilings, and oversized windows that flood the home with natural light while showcasing beautiful year-round views of the park behind. The bright kitchen features full-height cabinetry, granite countertops, stainless steel appliances, tile backsplash, and a spacious island designed for both everyday living and entertaining, flowing seamlessly into the dining area and inviting living room centered around a cozy gas fireplace with stained wood mantle. The main level offers excellent family functionality with two spacious bedrooms, a full bathroom, dedicated office/den with vaulted ceiling (easily functioning as an additional bedroom), plus convenient main floor laundry and pantry space. Privately situated above the garage, the primary retreat feels like its own private escape and features bay windows with Hunter Douglas two-way honeycomb blinds, a walk-in closet, and a bright ensuite complete with a jetted tub and separate shower. The fully developed basement is where this home truly shines, featuring TWO separate suites. The legal one-bedroom suite includes its own private entrance, while the additional mother-in-law suite offers a full kitchen, private laundry, walk-in closet, and full bathroom. All basement windows are above grade with no window wells, creating bright and welcoming spaces throughout. Additional features include central air conditioning, hot water on demand, a secondary hot water tank, double attached garage, exposed aggregate driveway and walkways. Step outside to your upper deck and gazebo where you can enjoy the neighborhood's sounds from a peaceful distance or simply open the gate and join the activity, from birthday parties and kite flying to sidewalk chalk masterpiece and winter tobogganing. This is a community built for connection. Ideally located close to elementary schools, walking trails, parks, and future amenities including the upcoming Walmart development and planned access routes, this is a rare opportunity to own a home that offers exceptional flexibility, income potential, and an incredible family lifestyle in one of Fort McMurray's most sought-after neighborhoods.