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632 55 Street SE
Penbrooke Meadows Calgary T2A 3R6

$500,000
Residential beds: 7 baths: 3.0 1,188 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
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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
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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 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:
1,187.58 sq. ft.
Main Level Finished Area:
1,187.58 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
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:
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
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 August 5, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$499,000
Min list price:
$189,999
Max list price:
$689,000
Avg days on market:
20
Min days on market:
3
Max days on market:
117
Avg price per sq.ft.:
$462.53
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.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA