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147 Falchurch Crescent NE
Welcome to 147 Falchurch Crescent NE — the perfect blend of comfort, value, and potential for first-time buyers, investors, or those looking to downsize! This charming bi-level home offers 3 bedrooms, 2 full bathrooms, and 2 kitchens, with thoughtful updates throughout. Step inside to find a bright, inviting main floor featuring two cozy bedrooms and a full bath. Downstairs, the finished basement expands your living space with a spacious third bedroom, an additional full bathroom, and a versatile entertainment area complete with a kitchen. Your choice to use it as an income generating suite or extra living space for your family and friends. With R-CG zoning, there's potential to convert the lower level to a legal secondary suite (subject to City approval) — perfect for mortgage help or extra income. The sunny, south-facing backyard is a standout feature, filling the home with natural light and offering direct access from the primary bedroom or the dining room to an oversized 18’ x 12’ back deck — perfect for your morning coffee or summer BBQs. For the hobbyist or car lover, the huge 24’ x 22’ garage provides room for two vehicles plus a dedicated workshop area, while an extra parking pad easily fits another vehicle or small trailer. There are 4 schools within walking distance, a High School, Middle School, Elementary School, and Catholic school. Also parks, shopping, and transit are all nearby, adding to the convenience of this welcoming community. Don’t miss your chance to own this move-in ready home — book your private showing today and see the possibilities for yourself! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 10.33 Ft x 5.33 Ft | |
| Kitchen | 10.08 Ft x 8.25 Ft | |
| Bedroom | 8.50 Ft x 12.33 Ft | |
| Family room | 11.75 Ft x 19.67 Ft | |
| 3pc Bathroom | 5.83 Ft x 7.50 Ft | |
| Furnace | 4.83 Ft x 7.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 5.00 Ft x 7.42 Ft | |
| Primary Bedroom | 11.75 Ft x 14.92 Ft | |
| Dining room | 10.33 Ft x 8.75 Ft | |
| Living room | 12.42 Ft x 14.50 Ft | |
| Bedroom | 9.58 Ft x 10.83 Ft | |
| Kitchen | 8.83 Ft x 8.58 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
-1.19%
Cap rate
4.63%
GRM
13.8
Break-even rent
$3,207
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 Jun 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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