info@settlersrealty.ca
CONTACT
$518,888
7 beds 3 baths
1188 Sq.Ft.
632 55 Street SE, Penbrooke Meadows, Calgary, Alberta, T2A3R6
MLS® Number: A2242804

Single Family House Bungalow for Sale in Street SE Penbrooke Meadows Calgary

Property Information

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. (id:50315)

Property Summary
Property Type

Single Family

Building Type

Bungalow

Storey

1

Community Name

Subdivision Name

Penbrooke Meadows

Title

 

Land Size
1188Sq.Ft.
Built in
1972
Annual Property Taxes
$3263
Parking Type
Parking Pad, Other, See Remarks
Published
98 days
Building
Bedrooms
Total
7
Below Grade
 
Bathrooms
Total
3
Partial
0
Interior Features
Appliances Included

See remarks

Flooring

Tile, Laminate, Other

Basement Features

Finished, Full, Separate entrance, Walk-up

Basement Type

Finished, Full, Separate entrance, Walk-up

Building Features
Features

Back lane

Foundation Type

Poured Concrete

Architectural Style

Bungalow

Construction Material

Floor Space
1188.00Sq.Ft.
Total Finished Area
1188.00Sq.Ft.
Structures
Vinyl siding
Heating & Cooling
Cooling
None
Fireplace
Heating Type
Forced air, Natural gas
Exterior Features
Exterior Finish
Vinyl siding
Neighbourhood Features
Amenities Nearby
 
 
Parking Type
Parking Pad, Other, See Remarks
Total Parking Spaces
2
Interested in this property?
Kuldip Singh Parmar
Kuldip Singh Parmar
Associate
Balpreet Tehri
Balpreet Tehri
Associate
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