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119 Falshire Terrace NE
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Beds
3
Baths
2 full + 1 half
Sqft
1,096
Year
1982
Type
Single Family
On market
90d
**** $10,000 Price Drop **** Welcome to 119 Falshire Terrace NE, a clean, move-in-ready townhouse in the heart of Falconridge, one of Calgary's most connected and family-friendly communities. With 3 bedrooms, 2 bathrooms, and 1,096 square feet spread across two floors, this home gives your family the space it needs at a price that makes sense. The main floor is bright and welcoming, with a large bay window in the living room that fills the space with natural light. The kitchen was updated in 2018 with new backsplash, refinished cabinets, new countertops, and a handy portable island that you can move around to suit how your family uses the space. All kitchen appliances, plus the washer and dryer, were replaced in 2018, so the big-ticket items are already taken care of. All windows in the home were also replaced in 2009, improving comfort and energy efficiency. Upstairs, three good-sized bedrooms and a full bathroom give everyone their own space. The unfinished basement is a blank canvas, already home to the laundry area, and ready for you to turn into a rec room, home office, play area, or extra storage whenever you are ready. The furnace and hot water tank were both replaced in 2015, giving you peace of mind on the big mechanical items. Step outside and you will find a private backyard with a brand-new wood fence, a safe, quiet spot for kids, pets, or an evening outside. The location is hard to beat. Grant MacEwan Elementary, Falconridge Elementary, Terry Fox Junior High, and Bishop McNally High School are all close by, a real everyday convenience for families. Castleridge Plaza and McKnight Village are just minutes away for shopping and errands, and a Real Canadian Superstore is nearby for groceries. The Genesis Centre, a well-loved community hub for sports, fitness, and recreation, is also close. Several Calgary Transit bus routes service the area, and the McKnight-Westwinds LRT station is not far for an easy commute downtown. Whether you are buying your f irst home, looking for a great place to raise a family, or searching for a solid rental property, 119 Falshire Terrace NE checks all the boxes. Homes like this at this price do not last long. Call your favourite realtor and book your showing today. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.58 Ft x 7.83 Ft | |
| Dining room | 11.00 Ft x 7.17 Ft | |
| Kitchen | 11.33 Ft x 8.00 Ft | |
| Living room | 16.33 Ft x 11.92 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 8.50 Ft | |
| Bedroom | 9.75 Ft x 9.00 Ft | |
| Bedroom | 9.75 Ft x 8.58 Ft | |
| Primary Bedroom | 11.58 Ft x 11.92 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
9.43%
Cap rate
6.75%
GRM
10.4
Break-even rent
$1,904
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 17, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.