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23 Falsby Place NE
Beds
3
Baths
3 full + 1 half
Sqft
1,219
Year
1980
Type
Single Family
On market
15d
Welcome to this beautifully updated home in the desirable community of Falconridge, where comfort, style, and functionality come together seamlessly. Fully renovated and move-in ready, this air-conditioned property is ideal for families seeking modern living in one of NE Calgary’s most established neighbourhoods. Offering three generous bedrooms and 2.5 bathrooms, the home features elegant new vinyl plank flooring throughout, combining contemporary design with long-lasting durability.The fully finished basement expands the living space with a large recreation room, full bathroom, and dedicated storage area. A recently installed high-efficiency furnace adds extra comfort and peace of mind.At the heart of the home is the stunning new kitchen, complete with a range hood, refrigerator, stove, dishwasher, microwave, updated sink fixtures, fresh tile accents, and a spacious dining area perfect for everyday living and entertaining guests.Step outside to enjoy the oversized deck and expansive backyard, featuring a newer fire pit and ample space for gatherings, children, or quiet evenings outdoors. Additional improvements, including a new roof, paved driveway, and sidewalks, further enhance the property’s appeal and functionality.A standout feature of this property is the rare oversized pie-shaped lot, which offers the opportunity to build a 775 sq. ft. legal backyard suite above the garage. Plans and permits are already approved, creating excellent potential for future rental income or multigenerational living.Conveniently located close to markets, parks, schools, and public transit, the home also offers quick access to hospitals and downtown Calgary. Outdoor enthusiasts will appreciate the nearby pathways, parks, and athletic facilities that make it easy to stay active and connected to the community.More than just a home, this property offers an exceptional lifestyle defined by comfort, convenience, and opportunity — all ready for you to enjoy. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.83 Ft x 6.33 Ft | |
| Other | 7.50 Ft x 10.08 Ft | |
| Great room | 15.33 Ft x 17.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.50 Ft x 8.67 Ft | |
| Living room | 10.50 Ft x 19.00 Ft | |
| Dining room | 10.50 Ft x 8.50 Ft | |
| 2pc Bathroom | 3.00 Ft x 6.58 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.42 Ft x 7.17 Ft | |
| Bedroom | 8.67 Ft x 9.67 Ft | |
| Primary Bedroom | 10.75 Ft x 19.00 Ft | |
| Bedroom | 8.67 Ft x 10.50 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
-1.18%
Cap rate
4.63%
GRM
13.9
Break-even rent
$3,698
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 25, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.