Overview
MLS® Number: A2321764
Type: Detached
Bedrooms: 5
Bathrooms: 2/2
Living Area: 1,065 sq. ft.
Lot Size: 4,908 Square Feet
Year Built: 1981
Exposure: East-facing
Community: Falconridge
Description

Rare opportunity to own a spacious bungalow with 2-bedroom LEGAL BASEMENT SUITE on a quiet street in Falconridge. This well-maintained property offers over 2,057 sq. ft. of developed living space and is ideal for families, investors, or buyers seeking mortgage helping rental income from already rented basement suite and tenants are willing to stay. The bright and functional main floor features a living room, three generously sized bedrooms, 1.5 bathrooms, a spacious kitchen with ample cabinetry, and a dining area perfect for everyday living and entertaining. The fully legal basement suite offers a separate entrance, two bedrooms, 1.5 bathrooms, a full kitchen, and a comfortable living area, creating excellent income potential or space for extended family. Shared laundry is conveniently located with secure access for both levels. Outside, the oversized backyard provides plenty of room for outdoor entertaining, gardening, children's play areas, or simply enjoying the privacy and space. Situated on a peaceful street and within walking distance to schools, parks, shopping, and public transit, this property offers the perfect combination of comfort, convenience, and value. Whether you're looking for a family home with supplemental income or a smart investment opportunity, this is a property you won't want to miss.

Seller Brokerage: Diamond Realty & Associates Ltd

Property Details
Size & Rooms
Total Above Grade1,065 sq. ft.
Below Grade981 sq. ft.
Main Level1,065 sq. ft.
Rooms Above Grade7
Beds Above Grade3
Beds Below Grade2
Beds on Main3
Room Dimensions
Room Level Dimensions
2pc Bathroom Main 5`1" x 3`8"
4pc Bathroom Main 5`0" x 8`9"
Bedroom Main 11`4" x 10`0"
Bedroom Main 8`1" x 9`6"
Bedroom - Primary Main 11`3" x 10`3"
Dining Room Main 10`2" x 9`1"
Foyer Main 5`4" x 6`0"
Kitchen Main 12`3" x 12`5"
Living Room Main 10`4" x 15`6"
2pc Bathroom Basement 3`7" x 4`9"
4pc Bathroom Basement 7`7" x 4`11"
Bedroom Basement 11`5" x 14`11"
Bedroom - Primary Basement 11`6" x 15`6"
Furnace/Utility Room Basement 10`6" x 14`11"
Kitchen Basement 10`9" x 6`4"
Living/Dining Room Combination Basement 14`3" x 17`8"
Storage Basement 5`6" x 8`8"
Bathrooms
4-Piece2
2-Piece2
EnsuiteNo
Construction
StyleBungalow
Exterior MaterialVinyl Siding, Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
New ConstructionNo
Parking & Garage
Total Parking2
FeaturesOff Street, Parking Pad
Basement
TypeFull
DevelopmentFinished
FeaturesSeparate/Exterior Entry
Interior
HeatingForced Air
CoolingNone
FlooringLaminate, Tile
LaundryIn Basement
FeaturesOpen Floorplan, Separate Entrance
AppliancesDishwasher, Dryer, Electric Range, Range Hood, Refrigerator, Washer
InclusionsBasement; Electric Range , Hood fan, Refrigerator
Exterior & Lot
ExteriorPrivate Yard
FencingFenced
Patio / PorchOther
Lot FeaturesCul-De-Sac,Front Yard,Interior Lot,Lawn,Many Trees
Frontage42.78 ft.
CommunityPark,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights
Financial & Legal
Annual Tax$3,391 (2026)
PossessionNegotiable
ZoningR-CG
TitleFee Simple
City Waste Collection
Black cart (Garbage) Thursdays · Every 2 weeks
Blue cart (Recycling) Fridays · Weekly
Nearby Schools
Falconridge School Public
Elementary (K-6)
0.3 km
Bishop McNally High School Catholic
Senior High (10-12)
0.5 km
Arise Christian Academy Independent
K-12
0.6 km
École La Mosaïque French
Elementary (K-6)
1.6 km

Browse all schools — nearest within 5 km per board type. Verify catchment with the school authority.

Suite: Yes — Basement
Suite type and legality are as reported on MLS®. Confirm zoning and permits before relying on suite income.
Finished area by level: Main 1,065 sq.ft.
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Location
56 Fallingworth Bay NE, Falconridge, Calgary, AB
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About Falconridge
AI-generated summary

Falconridge is an established northeast Calgary community with a strong multicultural character and a quiet, family-oriented atmosphere. It offers affordable housing and a close-knit community feel.

Average list price of $428,015 reflects one of Calgary's more affordable detached home markets
66 average days on market suggests a measured pace — buyers have time to negotiate
50 active listings indicates solid inventory and reasonable buyer choice
Housing

The neighbourhood features predominantly detached single-family homes and a mix of semi-detached properties typical of 1980s suburban development.

Transit

Falconridge is served by Calgary Transit bus routes with reasonable access to the broader northeast corridor, though most residents rely on personal vehicles for daily errands.

Amenities

Residents have access to nearby schools, parks, the Falconridge-Castleridge Community Association, and shopping along 68th Street and McKnight Boulevard NE.

Who Lives Here

Falconridge attracts families and first-time buyers drawn by relative affordability, as well as long-established residents and a diverse multicultural population.

This neighbourhood summary was generated by AI and is provided for general information only. Verify details with the City of Calgary and your REALTOR® before making decisions.

Neighbourhood Demographics
Statistics Canada 2021 Census · Dissemination Area
$33,200
Median household income
33.2
Median age
3.40
Avg household size
Tenure — 66.00% Own  ·  34.00% Rent
How people get to work
Drive 75.40% 🚌 Transit 2.90% 🚶 Walk/Bike 0.00% 🏠 WFH 21.70%
Education — 15.90% have a bachelor's degree or higher
Community Statistics
Calgary Police Service · City of Calgary Open Data

Annual disorder incidents reported in Falconridge. Disorder includes noise complaints, suspicious persons, public disturbances, and similar matters.

2020 1035 incidents
2021 1108 incidents
2022 917 incidents
2023 805 incidents
2024 567 incidents
▼ 29.6% fewer incidents in 2024 vs the prior year.
Contact Agent
Robb Leece, REALTOR®
Robb Leece, REALTOR®
Graham Realty Inc. 403-478-4335 robbleece@gmail.com
Call 403-478-4335
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About Falconridge

Full community profile
Falconridge is a well-established northeast Calgary community that offers affordable family living with excellent access to amenities and transportation. Known for its diverse population and strong sense of community, this neighbourhood provides a welcoming environment for families seeking value and convenience in the city.

AI-generated overview. Verify details independently.

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