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Reduced $10,001 (2%) from $600,000
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331 Falcon Drive
Beds
5
Baths
3
Sqft
1,325
Year
2010
Type
Single Family
On market
11d
SEPARATE ENTRANCE. TWO BEDROOM LEGAL SUITE Five bedrooms, a backyard made for hosting, & a quiet Eagle Ridge street to call home.Welcome to 331 Falcon Drive.Schools & shops are close by, & Eagle Ridge Commons is a quick trip away, yet the street holds onto its calm. It is the rare spot where you can have the busy stuff within reach while still coming home to quiet at the end of the day.Step inside & the main floor opens right up. The kitchen is generous, with a big island & seating built for busy mornings & after school snacks. It flows into the dining area, then carries on to a cozy living room. A fireplace anchors the space, & natural light pours across the whole main area, so every room feels bright & warm from sunup to suppertime. Every part of it suits a family that likes to be together while still having their own corners to retreat to.The primary bedroom gives you a true retreat at the end of a long day. You get a walk-in closet & a large arched picture window that frames the day. Its 4PC ensuite holds a jetted tub for soaking, plus a separate stand up shower for the rushed mornings. Two more bedrooms sit on the main floor, with a 4PC main bathroom Everyone stays close on one level, which makes the school year run a whole lot smoother for parents & kids alike.Downstairs there is even more room to spread out. A large rec room comes with a kitchenette & bar area, ready for movie nights, game days, or weekend hangouts with the neighbours. Tuck two more bedrooms down here for teens, guests, or a home office that finally has a door. There is a 4PC bathroom on this level too, & a big utility room swallows all your storage with ease. A separate outside entrance gives the lower floor its own flexible feel, handy as the kids get older or family comes to stay for a while. There is space for additional laundry.Out back, the yard keeps life simple. A large natural stone style patio sets the stage for summer barbecues & lazy evenings under the prairie sky, with a sm all lawn left for the kids or the dog. The front is a tidy lawn with a walkway leading up to your door. That leaves more weekends free for the people you love instead of the lawn mower.The attached double garage tucks at the back of the home, with entry straight through the dining room on snowy days. It fits two vehicles & comes with a heater for our chilly months. Central A/C keeps summers comfortable, & a water softener is a welcome bonus you will notice every day. These are the little touches that make daily life feel easy & uncomplicated for the whole household.Spacious, practical, & easy to settle into, this is the kind of home a growing family puts down roots in & grows into for years to come. Come see why this Eagle Ridge address feels like home.Check out the detailed floor plans where you can see every sink & shower in the home, 360 tour & video. Are you ready to say yes to this address? (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 7.83 Ft x 4.92 Ft | |
| Other | 7.25 Ft x 7.08 Ft | |
| Bedroom | 10.58 Ft x 9.83 Ft | |
| Bedroom | 11.75 Ft x 9.92 Ft | |
| Recreational, Games room | 39.67 Ft x 12.33 Ft | |
| Furnace | 14.75 Ft x 14.92 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 4.92 Ft x 7.83 Ft | |
| 4pc Bathroom | 6.58 Ft x 9.17 Ft | |
| Bedroom | 9.00 Ft x 10.58 Ft | |
| Bedroom | 8.92 Ft x 11.50 Ft | |
| Dining room | 9.67 Ft x 16.75 Ft | |
| Kitchen | 14.67 Ft x 11.83 Ft | |
| Living room | 14.67 Ft x 12.08 Ft | |
| Primary Bedroom | 13.00 Ft x 13.00 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
-1.09%
Cap rate
4.65%
GRM
13.8
Break-even rent
$3,663
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.
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 Fort McMurray. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.