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219 Falwood Way NE
Beds
5
Baths
3
Sqft
1,140
Year
1979
Type
Single Family
On market
37d
2 BEDROOM LEGAL SUITE | FULLY UPGRADED | All Poly B replaced with PEX | 5 BEDROOMS | 3 BATHROOMS. Welcome to this beautifully updated and fully finished bungalow offering over 1,800 sq. ft. of developed living space, perfectly suited for families or savvy investors. Situated in the desirable community of Falconridge, this home features a 2 Bedroom LEGAL SUITE, spacious yard, a detached garage and a storage shed. The main level boasts a bright and airy living room with a large window, a brand-new kitchen with stainless steel appliances, and a generous dining area. The primary bedroom includes a private 3-piece ensuite, complemented by two additional bedrooms, a full bathroom, separate laundry, and direct access to the backyard. A large mudroom provides a functional and welcoming entry. Downstairs, the LEGAL basement suite features its own private entrance, two large bedrooms, a full bathroom, a stylish open-concept kitchen and family room, and separate laundry; ideal for multi-generational living or rental income. Recent updates include new flooring, fresh paint, modernized bathrooms, and renovated kitchens on both levels, adding to the home's value and appeal. Outside, enjoy a fully fenced yard, metal roofing, apple trees in the front, and a detached garage with a newer roof (2022). Located across from the Falconridge Dog Park on a quiet street, this home is just steps from Falconridge School, with easy access to transit, shopping at McKnight Village, and the Falconridge Community Centre. Don’t miss this incredible opportunity—live up and rent down, or simply enjoy the space all to yourself. Book your private showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 9.08 Ft x 4.75 Ft | |
| Family room | 14.50 Ft x 9.58 Ft | |
| Bedroom | 10.75 Ft x 10.17 Ft | |
| Bedroom | 11.00 Ft x 9.67 Ft | |
| Kitchen | 10.50 Ft x 9.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.33 Ft x 11.50 Ft | |
| Bedroom | 13.00 Ft x 9.67 Ft | |
| Laundry room | 3.75 Ft x 3.00 Ft | |
| Primary Bedroom | 11.25 Ft x 11.25 Ft | |
| 3pc Bathroom | 8.75 Ft x 4.75 Ft | |
| Dining room | 11.67 Ft x 11.33 Ft | |
| 3pc Bathroom | 7.42 Ft x 4.42 Ft | |
| Kitchen | 13.17 Ft x 9.75 Ft | |
| Bedroom | 12.92 Ft x 8.67 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
-1.10%
Cap rate
4.64%
GRM
13.8
Break-even rent
$3,535
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 Jun 6, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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1.7 km
est. 3 min
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est. 3 min
Pita Melt Restaurant - Shawarma & Grill
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1.5 km
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Calgary Hot Plate Restaurant & Sweets
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2.1 km
est. 3 min
3.1 km
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Imam Azam Islamic Centre
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4.8 rating · 75 reviews
1.8 km
est. 3 min
Ismaili Community Centre And Jamatkhana - Calgary Westwinds
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4.8 rating · 89 reviews
2.0 km
est. 3 min
Baitun-Nur Mosque Ahmadiyya Muslim Jamaat
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4.7 rating · 562 reviews
2.3 km
est. 4 min
Chris Akkerman School | Calgary Board of Education
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4.1 km
est. 7 min
4589 Marbank Dr NE, Calgary, AB T2A 3V8, Canada
4.4 km
est. 7 min
Roland Michener School | Calgary Board of Education
5958 4 Ave NE, Calgary, AB T2A 4B1, Canada
4.5 km
est. 7 min
Saddletowne Station
Saddle Ridge, Calgary, AB T3J 4K7, Canada
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3.2 km
est. 5 min
Rundle LRT Station (NB 36 ST NE @ 24 AV NE)
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4.0 km
est. 6 min
Marlborough LRT Station (EB Marlborough DR)
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3.6 rating · 21 reviews
5.1 km
est. 8 min