632 55 ST SE new Save Request In-Person Tour Request Virtual Tour
Calgary,AB T2A 3R6
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1422.34
Square Footage 1,422 sqft
Price per Sqft $364
Subdivision Penbrooke Meadows
MLS Listing ID A2242804
Style Bungalow
Bedrooms 7
Full Baths 3
HOA Y/N No
Year Built 1972
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Detached
Property Description
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.
Location
Province AB
County Cal Zone E
Community Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights
Area Cal Zone E
Zoning R-CG
Rooms
Basement Finished,Full,Separate/Exterior Entry,Suite,Walk-Up To Grade
Interior
Interior Features Ceiling Fan(s),Jetted Tub,Pantry,Storage
Heating Forced Air,Natural Gas
Cooling None
Flooring Laminate,Other,Tile
Fireplaces Number 1
Fireplaces Type Electric,Living Room
Inclusions 2 fridges, 2 stoves, 2 hood fan, 1 dishwasher, 2 washer, 2 dryer, deep freezer, AC in living room, window covering all
Fireplace Yes
Appliance See Remarks
Laundry In Basement,Main Level
Exterior
Exterior Feature Garden
Parking Features Off Street,Parking Pad,See Remarks
Fence Fenced
Community Features Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights
Roof Type Asphalt Shingle
Porch Patio
Total Parking Spaces 2
Garage No
Building
Lot Description Back Lane,Backs on to Park/Green Space,Rectangular Lot
Dwelling Type House
Faces W
Story One
Foundation Poured Concrete
Architectural Style Bungalow
Level or Stories One
New Construction No
Others
Restrictions None Known