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632 55 Street SE
Penbrooke Meadows Calgary T2A 3R6

$518,888
Residential beds: 7 baths: 3.0 1,422 sq. ft. built: 1972

Main Photo: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 1: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 2: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 3: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 4: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 5: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 6: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 7: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 8: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 9: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 10: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 11: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 12: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 13: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 14: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 15: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 16: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 17: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 18: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 19: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 20: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 21: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 22: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 23: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 24: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Photo 25: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2242804
Bedrooms:
7
Bathrooms:
3
Year Built:
1972
Investor Special – 3 Rental Streams, Greenspace, and R-CG Zoning! Rare opportunity to own a 1,422 sqft bungalow—the lowest-priced home of this size in Calgary—backing onto a greenspace in the high-demand community of Penbrooke Meadows. This property delivers immediate and proven cash flow with 3 potential rental streams: a 3-bedroom main floor, a 3-bedroom illegal basement suite with separate entrance (previously rented for $1,800/month), and a converted garage with private entry (previously rented for $800/month). That’s up to 3 tenants and 3 rents—a true cash cow for investors. Need garage space? Easily convert the 7th bedroom back to a Single Attached Garage, or take advantage of the back alley access and build a Brand-New Double Detached Garage to increase future resale value. Already upgraded with City-approved copper wiring and electrical meter, LED lighting, newer windows, ceramic & luxury vinyl flooring, and a 4–5-year-old roof, this property is solid and low-maintenance. Even better, it sits on an R-CG zoned lot, opening the door to future redevelopment, legal suites, or increased density—ideal for long-term portfolio growth. Located close to schools, shopping, parks, and major commuter routes (17th Ave, Memorial, Stoney, and Deerfoot), it's perfectly positioned to attract reliable tenants year-round. Live in one unit and rent the rest, renovate and flip, or hold for steady appreciation and monthly income—this is an investor’s dream with built-in upside.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Yes
Home Style:
Bungalow
Total Living Area:
1,422.34 sq. ft.
Main Level Finished Area:
1,422.34 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Acreage:
No
Lot Area:
5,198 sq. ft.
Lot Frontage:
15'10"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
West
Levels:
One
Total Rooms Above Grade:
7
Year built:
1972 (Age: 53)
Bedrooms:
7 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
3
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
41LK
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full, Separate/Exterior Entry, Suite, Walk-Up To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Other, Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Laminate, Other, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric, Living Room
Garage:
No
Parking:
Off Street, Parking Pad, See Remarks
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, Main Level
Penbrooke Meadows
See Remarks
2 fridges, 2 stoves, 2 hood fan, 1 dishwasher, 2 washer, 2 dryer, deep freezer, AC in living room, window covering all
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
13'4" × 11'8"
Main Floor
Bedroom
20'10" × 11'3"
Main Floor
Bedroom
10'5" × 9'10"
Main Floor
Kitchen
13'10" × 9'1"
Main Floor
Bedroom
13'3" × 8'2"
Main Floor
Dining Room
13'10" × 8'4"
Main Floor
Living Room
17'7" × 13'4"
Basement
Bedroom
12'2" × 9'10"
Basement
Bedroom
13'2" × 10'6"
Basement
Bedroom
12'11" × 12'10"
Basement
Living Room
16'11" × 12'5"
Basement
Kitchen
12'3" × 12'3"
Basement
Furnace/Utility Room
13'1" × 9'7"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
2'10" x 9'6"
Main Floor
No
4
4'7" x 13'1"
Basement
No
4
7'10" x 9'3"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Ceiling Fan(s), Jetted Tub, Pantry, Storage
Exterior Features:
Garden
Patio And Porch Features:
Patio
Lot Features:
Back Lane, Backs on to Park/Green Space, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone E
Zoning:
R-CG
Listed Date:
Jul 24, 2025
Days on Mkt:
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Listed by CIR Realty
Data was last updated October 18, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$465,000
Min list price:
$220,000
Max list price:
$625,000
Avg days on market:
35
Min days on market:
1
Max days on market:
147
Avg price per sq.ft.:
$469.37
These statistics are generated based on the current listing's property type and located in Penbrooke Meadows. Average values are derived using median calculations. This data is not produced by the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.