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For Sale · Calgary

$515,000

56 Fallingworth Bay NE, Calgary

Tour this home

Bedrooms

4 (2 half)

Bathrooms

1,065

Size

1981

Year built

About This Home

The details.

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...

Summarizing the highlights...

MLS® A2321764Listing courtesy of Diamond Realty & Associates LtdView on map Street view

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Year built: 1981
Size: 1,065 sqft
Lot size: 456 square meters
Storeys: 1
Parking: 2 spaces
Listed on: 2026-06-24
Days on market: 28
MLS number: A2321764
Data source: Calgary Real Estate Board

Market intelligence

Statistics and history.

Days on market

Typical in Calgary: 7 days

Calgary median asking

$260K

5,112 active listings

Price per sqft

$484

Based on 1,065 sqft interior

How fast is this listing moving?

FastSlow

Market demandHot

QuietHot

828 new this week of 5,112 active listings in Calgary, blended with typical days on market.

Where this price sits in Calgary

$155KThis listing$319K

Computed live from active MLS listings we track. Sold-price history and multi-year assessment history switch on when sold-data access arrives.

Coming Soon

Listing & sold history.

These sections unlock with our sold-data feed. They are reserved here so you know exactly what is on the way.

Sold history for this homeComing soon

Listing history (every time it hit the market)Coming soon

Days-on-market trend for this areaComing soon

Nearby sold comparisonsComing soon

July Value

What this home is worth.

Calculating a July Value estimate...

Location

Where it sits.

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Run The Numbers

Mortgage and cash flow

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization25 yr

Monthly mortgage payment

$2,409

$412,000 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$2,409

Cash flow

-$2,409

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Calgary right now

5,112

Active listings

828

New this week

$259,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Calgary.

Household and demographic stats for Calgary, from the Statistics Canada 2021 Census.

1,306,784
Population (2021): 38
Median age: 502,305
Households: 2.6
Avg household size: 68.8%
Home ownership: $98,000
Median household income

Calgary neighbourhood guide Full census profile Calgary market trends

The immediate block around this home (right here): about 926 residents in 288 homes, 6,215 people/km² (dense urban).

Source: Statistics Canada 2021 Census, Calgary, City (CY); block-level figures from dissemination area 48061069.

Schools

Nearby schools

K-12 schools closest to this home, with straight-line distances.

no score data
Falconridge School
230 m
public · elementary
no score data
Terry Fox School
510 m
public · middle
no score data
Bishop McNally High School
580 m
catholic · secondary
no score data
Grant MacEwan School
640 m
public · elementary

Public records

What the city has on file.

Independent reference data for this property from the City of Calgary assessment roll (2026 assessment).

1981
Year built (city records): R-CG
Zoning district: LI
Ownership class

Assessed values are the municipal tax assessment, not a market appraisal. Contains information licensed under the Open Government Licence, City of Vancouver.

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Nearby homes like this one.

Rental Market

Rentals nearby

Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.

$2,800 / month
960 Taradale Dr, Calgary
1,700 sqft

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.