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632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804

632 55 Street SE Calgary T2A 3R6 : Penbrooke Meadows

Main Photo: 632 55 Street SE in Calgary: Penbrooke Meadows Detached for sale : MLS®# A2242804
$518,888
Prop. Type:
Residential
MLS® Num:
A2242804
Status:
Active
Bedrooms:
7
Bathrooms:
3
Year Built:
1972
Investor Alert & Family Gem – Live In, Rent Out, or Flip! At $500,000, this home offers strong value compared to renovated homes in Penbrooke Meadows that have recently sold for around $650,000. Welcome to 632 55 St SE—a spacious 7-bedroom home offering exceptional income potential and redevelopment upside. Whether you're looking to build long-term wealth through rental cash flow or flip and resell for high profit, this is the kind of opportunity investors dream of. The main floor features a bright, open-concept layout with 3 bedrooms and 2 full bathrooms—ideal for family living or attracting quality tenants. Large windows let the sunlight pour in, creating a warm, inviting space that flows effortlessly from room to room. The fully finished basement includes a 3-bedroom illegal suite with a separate entrance, previously rented for $1,800/month—a proven income generator. The converted garage adds even more value as a 7th bedroom with a private entrance, also previously rented for $800/month. Prefer a garage instead? It can easily be converted back to a single attached garage. While many major upgrades have already been taken care of, a little TLC will go a long way—perfect for those looking to add value and boost returns. Recent Upgrades Include: Electrical wiring upgraded to Copper (City-inspected and approved), New electrical meter (City-inspected and approved), All new LED lighting throughout, Six windows replaced in the last 1–2 years, Ceramic & luxury vinyl plank flooring (installed approx. 1–2 years ago), Roof replaced approx. 4–5 years ago. Zoned R-CG = Even More Potential!! This highly flexible zoning allows for future development, legal suites, or increased density—ideal for forward-thinking investors. The sunny yard, mature trees, and Back Lane Access provide space to Build a Brand-New Double Detached Garage to further boost property value. Prime Location Situated close to schools, parks, shopping (Penbrooke Plaza), and offering fast access to 17th Ave, Memorial Drive, Stoney Trail, and Deerfoot Trail, this home is perfectly positioned to attract reliable tenants and maximize rental demand. Highlights: 7 total bedrooms, Fully separate basement suite, Converted garage = bonus income or easy garage conversion, Updated major systems: electrical, roof, flooring, windows, Zoned R-CG for redevelopment and expansion, Proven rental income + strong cash flow potential, Perfect for flipping or long-term holding. Whether you want to cash flow from day one, renovate and resell, or redevelop for greater upside, this property has the bones, location, and numbers to make it work. Don’t wait—book your private showing today and unlock the potential of 632 55 St SE!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
Switch units of measure1,187.58 sq. ft.
Main Level Finished Area:
Switch units of measure1,187.58 sq. ft.
Lower Level Finished Area:
Switch units of measure
Above Grade Finished Area:
Switch units of measure
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
Switch units of measure5,198 sq. ft.
Lot Frontage:
Switch units of measure15'10"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Switch units of measure
Acres Not Cultivated:
Acres Freehold:
Switch units of measure
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
West
Reg. Size:
Switch units of measure
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:
Separate/Exterior Entry, Finished, Full, 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
Dimensions
Other
Main Floor
Bedroom - Primary
Switch units of measure13'4" x 11'8"
Main Floor
Bedroom
Switch units of measure20'10" x 11'3"
Main Floor
Bedroom
Switch units of measure10'5" x 9'10"
Main Floor
Kitchen
Switch units of measure13'10" x 9'1"
Main Floor
Bedroom
Switch units of measure13'3" x 8'2"
Main Floor
Dining Room
Switch units of measure13'10" x 8'4"
Main Floor
Living Room
Switch units of measure17'7" x 13'4"
Basement
Bedroom
Switch units of measure12'2" x 9'10"
Basement
Bedroom
Switch units of measure13'2" x 10'6"
Basement
Bedroom
Switch units of measure12'11" x 12'10"
Basement
Living Room
Switch units of measure16'11" x 12'5"
Basement
Kitchen
Switch units of measure12'3" x 12'3"
Basement
Furnace/Utility Room
Switch units of measure13'1" x 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:
Listed by CIR Realty
Data was last updated August 18, 2025 at 04:05 AM (UTC)
DARREN YEE, Calgary Homes Today

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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.
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