Falconer Heights, Edmonton | Real Estate Listings & Profile

Falconer Heights At A Glance

• Number of homes: 895
• Population (2016): 1967
• Density (2016): 3026 people/km² (fairly dense)

Homes in Falconer Heights

• Average Asking Price (2016): $557,000
• Asking Price Range (2016): $450,000 to $760,000
• Average Home Size (Approx): 2150 ft²
• Size Range (Approx): 1780 ft² to 2480 ft²

Falconer Heights Real Estate Listings

Falconer Heights Real Estate Market

• Absorption (2016): 50%
• Buyer Willingness (2016): 92.8%
• Desirability Score (2016): 1/100 (extremely desirable)
• Dilapidation Score (2010): 3.4% (near perfect)

Amenities

• Accessibility Score: 224 homes per point of access (poor).
• Parking (see below for details): Not bad.
• Transit (see below for details): 18 bus stops.
• Parks: 1 park within neighbourhood boundaries (Falconer Heights Park), access to greenspace that leads to the river valley.

Falconer Heights is south of Rabbit Hill Road, between Terwillegar Drive and Riverbend Rd and north of the high tension powerlines and walkway that separates much of south Riverbend. The neighbourhood encompasses Riverbend Square Shopping Centre which includes a library, banks, a grocery store, restaurants and a gas station. This adds a lot of value to living in the area because there aren’t many shopping centres in the area. The grocery store is especially valuable to have in the neighbourhood. Just down the road is the Terwillegar Off-leash area which is an extremely popular park. The park now has a footbridge that allows access to the west end and the Oleskiw (Wolf Willow) ravine as well.

Build Years in Falconer Heights, Edmonton

Falconer is a pretty new neighbourhood by Edmonton standards. Whereas most of the city was built in the 50s, 60s and 70s, all of Falconer was built after 1990. A few distinct spikes in home construction are 1990, 1992 and 1998. The neighbourhood was almost entirely developed by 2002 with just a few stragglers being constructed afterwards.

Assessed Values in Falconer, Edmonton

Assessed values are not as accurate as selling prices, but not many homes actually sell every year in Falconer because it’s so desirable – no one sells! This chart shows how much homes are worth according to the City of Edmonton. Real estate in Falconer Heights is pretty valuable and there are a lot of homes worth in the range of $550,000. These homes are large and quite new, so it shouldn’t be a surprise.

Home Types in Falconer, Edmonton

Real estate in Falconer Heights is mostly houses – 47.5%, but there are 35.6% lowrise apartments, too and almost 11% duplexes. The rest are townhouses.

Occupancy in Falconer Heights, Edmonton

Most of the homes in Falconer are owner occupied – about 77%. This is likely because they are expensive homes. People don’t tend to buy expensive houses just to rent them out. The rental units are likely the apartments located in Falconer Heights.

Lot Sizes in Falconer Heights, Edmonton

This chart shows the range of lot sizes in Falconer. They sit at about 500 m2, which is pretty large for a newer area. This certainly contributes to the desirability of the area. There are even some super big lots in Falconer, too.

Zoning in Falconer Heights, Edmonton

Residential zoning in Falconer is made up the following ways. RF1 zoning is 69.9%. DC2 weighs in at 16.2% with 9% being RF5 (for townhouses) and the remaining 4.9% is RF4 zoning which is good for duplexes.

Condos in Falconer Heights

There are four condominium complexes in Leger:

• Grande Riverbend – 911 Rabbit Hill Rd
• Riverbend Point – 102 to 140 Rabbit Hill Court
• Summit – 1130 Falconer Rd
• Villas At Riverbend – Located on Falconer Court (behind the Riverbend Library)

Falconer Heights Schools

There is Riverbend Montessori School in Riverbend Square that takes pre-school and kindergarten students. This is a for-profit school.

Parks & Recreation

Falconer Heights has a park on the east side adjacent to Terwillegar Drive. The park does not have any flat fields, but does have a playground and patio.

Access & Parking

Percentage of homes with a Garage in Strathearn, Edmonton

Parking seems to be pretty decent in Falconer. The lots are large enough that there is some extra frontage that isn’t occupied by driveways. The fact that 83.5% of the homes here have a garage does keep cars off the street and make way for visitors and extra vehicles. This is by no means as easy to park at as say an older neighbourhood with back alleys and no front driveways, but for a newer community, it’s not bad at all.

Safety

The nearest fire station is Station 24 located at 131 Haddow Close. It is a Fire rescue-EMS combination.

Transit

There is one bus stop for every 50 homes in Falconer. This is pretty decent. The bus route runs through Falconer Road which is never more than about a block from any one house.

* Source: Current City of Edmonton open data as well as the 2006 Federal and 2012 Municipal Census.

Please contact me if you have any interest in selling your Falconer home or looking to buy Falconer real estate.

by +Alan F Macdonald REALTOR® | Copyright © – gimme-shelter.com

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