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Home Communities Falconridge 56 Fallingworth Bay NE
$515,000 Active
56 Fallingworth Bay NE · Calgary · T3J 1G3
5 bd 4.0 ba 1,065 sqft $483/sqft Built 1981
MLS® A2321764 · Listed Jun 24, 2026
Listed by Diamond Realty & Associates Ltd — Anita Sandhu
By the numbers

How this listing measures up

$/sqft $483
vs Falconridge median +20% community avg $429K
Sqft per bedroom 213
Year built 1981
Annual taxes $3,391 2026
Falconridge avg DOM 65d
$/sqft distribution

Where this listing sits in Falconridge

Of 51 active residential listings in Falconridge, this property at $483/sqft sits in the $450–500 range.
$200–$250/sqft · 3 listings $250–$300/sqft · 7 listings $300–$350/sqft · 6 listings $350–$400/sqft · 7 listings $400–$450/sqft · 8 listings $450–$500/sqft · 14 listings $500–$550/sqft · 4 listings $550–$600/sqft · 1 listing $600–$650/sqft · 1 listing $200 $300 $400 $500 $600 $650 This · $483
Other active listings This listing's price range This listing

About this property

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.

Property details

Bedrooms5
Bathrooms4.0
StyleBungalow
HeatingForced Air
CoolingNone
FlooringLaminate,Tile
LevelsOne
BasementFull
Basement developmentFinished
Interior featuresOpen Floorplan,Separate Entrance
AppliancesDishwasher,Dryer,Electric Range,Range Hood,Refrigerator,Washer
InclusionsBasement; Electric Range ,Hood fan, Refrigerator
LaundryIn Basement
Lot size4908.00 sqft
Frontage42.78 ft
Lot featuresCul-De-Sac,Front Yard,Interior Lot,Lawn,Many Trees
Exterior featuresPrivate Yard
FencingFenced
PatioOther
Year built1981
Construction materialsVinyl Siding,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresOff Street,Parking Pad
Parking total2
Annual taxes$3,391
Tax year2026
PossessionNegotiable
ZoningR-CG
TitleFee Simple
RestrictionsNone Known
NeighbourhoodFalconridge
Community featuresPark,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights
List AORCalgary

Location

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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.
Full Falconridge community profile →

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

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Listed by: Diamond Realty & Associates Ltd — Anita Sandhu.