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Justin Warthe

jw@topcalgaryrealestate.com +1(403) 620-8746

$ 518,888

Est. payment -/mo

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632 55 ST SE Calgary, AB T2A 3R6

7 Beds

3 Baths

1,422 SqFt

UPDATED:

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

Listed by CIR Realty

Justin Warthe

Realtor® | Team Lead

+1(403) 620-8746

Justin Warthe

632 55 ST SE Calgary, AB T2A 3R6

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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632 55 ST SE