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279 Falton Drive NE
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Beds
4
Baths
3 full + 1 half
Sqft
1,255
Year
1982
Type
Single Family
On market
21d
Excellent investment opportunity or starter home in the heart of Falconridge, perfectly positioned just steps from Grant MacEwan Elementary and Terry Fox Junior High, with two additional schools within easy walking distance. This fully finished, three-level home offers incredible value and peace of mind with a sprawling backyard just in time for summer entertaining. The main floor is bright and open, featuring durable hardwood flooring throughout and a massive front window that floods the living space with natural light. The functional layout includes a spacious kitchen, a dedicated dining area, and a convenient 2-piece powder room for guests.Upstairs, you’ll find a massive, sun-drenched primary Bedroom complete with a functional built-in wardrobe, along with two additional well-sized bedrooms and a full 4-piece bathroom. The lower level adds even more versatility to the property, offering a large recreation room, a fourth bedroom, and another 4-piece bath—making it an ideal setup for older children, guests, or a hobby space. With its unbeatable location near schools and transit, plus the benefit of four total bedrooms, this home is a standout for anyone looking for affordability without sacrificing space. This home also includes a finished basement with a separate entrance illegal suite. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 14.11 M x 12.50 M | |
| Other | 2.20 M x 8.10 M | |
| Bedroom | 8.00 M x 9.20 M | |
| 4pc Bathroom | 4.11 M x 10.50 M | |
| Furnace | 9.10 M x 12.90 M |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 5.00 M x 6.20 M | |
| Living room | 11.90 M x 13.30 M | |
| Dining room | 8.50 M x 9.80 M | |
| Other | 11.10 M x 13.70 M | |
| Other | 2.10 M x 7.80 M | |
| Laundry room | 3.00 M x 2.20 M | |
| 2pc Bathroom | 4.11 M x 4.40 M |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 16.10 M x 16.50 M | |
| Bedroom | 9.10 M x 9.50 M | |
| Bedroom | 9.70 M x 11.10 M | |
| 4pc Bathroom | 4.11 M x 9.60 M |
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
-4.84%
Cap rate
3.90%
GRM
15.5
Break-even rent
$3,359
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 8, 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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.