PRICING THAT SPEAKS FOR ITSELF: listed approximately $110,000 below a MARCH 2025 PROFESSIONAL APPRAISAL OF $530,000 and $72,000 below the 2026 City of Calgary assessment of $492,500 — built for the first-time buyer ready to roll up their sleeves, the newcomer family putting down their first stake, the rental-property investor sizing up the cash flow, or the contractor-buyer hunting their next project. Welcome to 139 Falsby Road NE — a 3+1 bedroom detached bungalow FRONTING A GREEN SPACE WITH PLAYGROUND in one of NE Calgary's most established family communities, on a generous 5,274 sq ft lot with a DOUBLE DETACHED GARAGE most homes in this price bracket simply can't match. Whether you're a first-time buyer ready to plant roots, a newcomer family building your first foothold in Canada, or an investor sizing up suite potential, this 1,075 sq ft Falconridge bungalow is the rare opportunity that ticks every box.
The main floor delivers 3 bedrooms and an UPGRADED FULL BATHROOM — already done for you. Downstairs adds a 4TH BEDROOM, A FLEXIBLE DEN, and a 2nd full bathroom, with a SEPARATE SIDE ENTRANCE that positions this home beautifully for future secondary suite conversion (subject to City of Calgary permits and code compliance) — a real value-add play for investors and multigenerational families alike. The den works as a home office, study, kids' playroom, or future suite living area — flex space that adapts to your plan. Big-ticket items are already in your favour: ROOF 2016, FURNACE AND HOT WATER TANK 2014, plus a NEWER FRIDGE AND ELECTRIC STOVE. The kitchen cabinetry and finishes remain original — your refresh project on your own timeline — and that, paired with the double garage and oversized lot, is exactly why the price lands where it does.
LOCATION WINS HERE TOO: walking distance to BISHOP McNALLY HIGH SCHOOL, a 2-minute drive to CASTLERIDGE PLAZA, 5 minutes to PRAIRIE WINDS PARK, and a playground literally across the street — ideal for families with school-aged kids, newcomer households putting down roots, and future suite tenants alike. First-time buyers: FHSA + Home Buyers' Plan eligible for qualified buyers. Investors: develop the suite legally and unlock dual-income potential the day permits clear. Calgary's blanket re-zoning may also open longer-term R-CG redevelopment optionality (buyer to verify with the City of Calgary).