Attention !! INVESTORS, FIRST TIME HOMEBUYERS!!Welcome to 56 Falmead Road NE, a beautiful RENOVATED 3+1 bedroom bi-level home located in the vibrant community of Falconridge. New ROOF(2022), Newer FURNACE(2018) & HOT WATER TANK(2018), knock down ceilings, Pot Lights and Facia. This spacious home features an illegal 1 bedroom suite with a separate entrance, providing an excellent opportunity for a homeowner to generate rental income or provide a comfortable living space for extended family. As you enter the home, you’ll be greeted by a bright and inviting living room with large windows that allow natural light to flood the space. The living room seamlessly flows into the dining area, creating a perfect space for family gatherings and entertaining guests. The kitchen is equipped with modern Stainless Steel appliances, Quartz Counters and ample cabinet space with Soft Close Doors, making meal preparation a breeze. LAUNDRY is also located on this floor. This level also features three spacious bedrooms, each with large closets and plenty of natural light. The master bedroom is especially noteworthy having a slider door to the 2 tiered back yard with wood deck and storage shed. The illegal suite is located on the lower level and features a SEPARATE ENTRANCE, providing privacy for tenants. This suite includes a full kitchen, a huge living room, a huge bedroom with walk-in closet, a full bathroom and its own SEPARATE LAUNDRY. It’s perfect for generating rental income or providing a comfortable living space for extended family. The backyard is fully fenced, providing a safe space for children and pets to play. The deck is perfect for summer barbecues and outdoor entertaining. Located in the highly sought-after community of Falconridge, this home is conveniently located near schools, parks, shopping, and public transportation. Don’t miss your chance to own this fantastic home with income-generating potential. Book your viewing today!