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Home›Search›40 FALMEAD RD NE

40 FALMEAD RD NE

FALCONRIDGE

$607,500

Current assessed value

Property

Property Details

Building Type

Detached

Year Built

1981

Land Size (sq ft)

5,516

Assessment Value & Trend

History of assessed value for this property

$607,500

Permits & Renovations

No building permits on record

Basement & Legal Suite

Is Finished

Yes

Is Legal Suite

Yes

Community context

High Competition

There are 197 registered legal suites in FALCONRIDGE. Competition for basement rentals in this community is high.

Your suite is legal, but competition is elevated. Expect renting your basement to take more effort. Marketing, pricing, and timing will matter.

Rental opportunity

As of Aug 3, 2026

Active rents in FALCONRIDGE from RentFaster. Median rents below combine all bedroom sizes for each dwelling type.

Overall

$1,650

19 listings

Median apartment

$1,338

2 listings

Median townhouse

$2,170

1 listing

Median house

$1,950

12 listings

Median basement

$1,248

4 listings

Bedroom breakdown for this parcel type and basement suites. Click a listing count to open the ads.

House rents by bedrooms

Monthly asking rents for house listings in FALCONRIDGE.

2 bed

Min

$1,500

Max

$1,645

Median

$1,573

Avg

$1,573

3 bed

Min

$1,600

Max

$2,650

Median

$1,950

Avg

$1,929

4+ bed

Min

$2,250

Max

$2,550

Median

$2,400

Avg

$2,400

Basement suite rents by bedrooms

This property has a finished or legal basement. Monthly asking rents for basement listings in FALCONRIDGE.

1 bed

Min

$1,050

Max

$1,295

Median

$1,173

Avg

$1,173

2 bed

Min

$1,200

Max

$1,350

Median

$1,275

Avg

$1,275

Proximity to Amenities

Nearest LRT

1.9 km

Martindale LRT Station EB (Martin Crossing DR)

Bus Stop 1

130 m

SB Falshire DR @ Falconridge BV NE

Bus Stop 2

190 m

Falshire Drive Station (NB)

Bus Stop 3

190 m

Falshire Drive Station (SB)

Downtown

11.0 km

Central Memorial Park

Fitness

1.4 km

Anytime Fitness

fitness

Costco

4.1 km

Costco

Costco

Grocery

770 m

FreshCo

FreshCo

Home Improvement

3.7 km

Canadian Tire

Canadian Tire

Elementary

430 m

Grant MacEwan School

The Calgary School Division

126% utilization

Junior High

260 m

Terry Fox School

The Calgary School Division

97% utilization

Senior High

400 m

Bishop McNally High School

The Calgary Roman Catholic Separate School Division

Environmental Factors

Flood zones, emergency-service noise, shelter proximity, and hail exposure for this property and its community.

Flood Hazard

Calgary 1:100 year regulatory map

1.3 km

to nearest zone / facility

Normal River Channel

 

Hail Hazard Risk

Historical storm exposure

High

community historical rating

FALCONRIDGE

 

Emergency Noise

Hospitals, fire & EMS stations

1.6 km

to nearest zone / facility

EMS Station 22

EMS station

Emergency Shelter

Permanent Calgary shelter sites

7.8 km

to nearest zone / facility

Forest Lawn Shelter

Calgary Drop-In Centre

Proximity to emergency shelters may correlate with higher foot traffic. This is a lifestyle indicator, not a crime or safety score.

Nearby assessed values

See how this property compares to neighbours on the same block and in the wider surrounding area.

This property

$607,500

Lowest nearby

$388,000

2 FALMEAD BA NE

Average nearby

$472,167

Highest nearby

$593,500

43 FALSHIRE DR NE

Based on 15 residential properties within 50 m · 2026 assessment roll.

This property is among the highest assessed values in this radius.

Location

Community Overview

Community Name

FALCONRIDGE

Total Properties

2,924

Population

10,325

Crime Rate Trend

Reported incidents in 2018–2025

177 incidents in 2025 · Crime down 52% from 2018

Income

Median income

Compared to Calgary average where available

Household

$83,000

Calgary avg: $98,000

Individual

$35,600

Calgary avg: $44,400

Male individual

$36,400

Calgary avg: $50,400

Female individual

$34,800

Calgary avg: $39,600

Housing

Owners vs renters

% of households by tenure vs Calgary

Housing affordability

% of households by shelter cost burden vs Calgary

Diversity

Immigration status

% of population by immigration status vs Calgary

Religious affiliation

% of population by religion vs Calgary

Education

Education levels

% of population aged 15+ by credential vs Calgary

Languages

Top mother tongues

First language learned at home

RankThis communityCalgary average
1Punjabi (Panjabi)Punjabi (Panjabi)
2Tagalog (Pilipino, Filipino)Tagalog (Pilipino, Filipino)
3UrduYue (Cantonese)
4SpanishMandarin
5ArabicSpanish

Immigration

Top countries of birth

Where immigrants in this community were born

RankThis communityCalgary average
1IndiaPhilippines
2PhilippinesIndia
3PakistanChina
4Other places of birth in AfricaUnited Kingdom
5Other places of birth in AsiaPakistan

View full community profile

See all remaining demographics, housing, transportation, and employment details for FALCONRIDGE.

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