632 55 Street SE

Detached For Sale in Penbrooke Meadows, Calgary E

$540,000
  • 7 Beds
  • 3 Baths
  • 1,188 Sq. Ft.
  • Built 1972
Perfect opportunity for investors, large families, or multi-generational living! Whether you’re a first-time homebuyer or an investor eager to grow your portfolio, this spacious gem has it all! The main floor features an open-concept design, creating a bright, welcoming space that’s perfect for family living and entertaining. With 3 bedrooms and 2 full bathrooms, you’ll enjoy an abundance of natural light and room to relax. The fully finished basement includes a 3-bedroom illegal suite with a separate entrance, previously rented for $1,800 per month, offering an excellent opportunity. Additionally, the converted garage—set up as a cozy private room with its own entrance and easily used as a 4th bedroom—was rented for $800 per month, adding even more value to this property.With the added bonus of a convenient back lane providing extra parking and the exciting potential to build a brand-new detached garage, offering even more value and flexibility for homeowners or investors. The R-CG zoning further opens the door to future development, whether you want to build more or just enjoy extra rental income—the possibilities are endless! Flooring has been renovated upstairs and in the basement to nice new laminate and tile flooring. Several schools within a few blocks. Penbrooke Plaza down the street has a variety of essentials, and there are larger shopping centers a short drive in any direction. Set between 17th Avenue and Memorial Drive, and with Stoney Trail and Deerfoot nearby, this community is well-connected to the rest of Calgary. Don't miss out on this fantastic starter home or investment opportunity—schedule your showing today!
Address 632 55 Street SE
List Price $540,000
Property Type Residential
Type of Dwelling Detached
Style of Home Bungalow
Area Calgary E
Sub-Area Penbrooke Meadows
Bedrooms 7
Bathrooms 3
Floor Area 1,188 Sq. Ft.
Lot Size 5199 Sq. Ft.
Year Built 1972
MLS® Number A2177927
Listing Brokerage Real Broker
Basement Area Finished, Full, Suite
Postal Code T2A 3R6
Zoning R-CG
Site Influences Back Lane, Backs on to Park/Green Space, None

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Jayna Phillips

The Real Estate District

Suite 401, 1550 5 St SW Calgary Alberta T2R 1K3

Mobile: 587-226-8843

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