Homes for sale - 632 55 ST SE, Calgary, AB T2A 3R6

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Ahsan Ashraf

ahsan.79@hotmail.com +1(403) 973-7986

$ 518,888

Est. payment | -/mo

7 Beds

3 Baths

1,188 SqFt

Save

$ 518,888

Est. payment | -/mo

Save

7 Beds

3 Baths

1,188 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1188.0

Square Footage 1,188 sqft

Price per Sqft $436

Subdivision Penbrooke Meadows

MLS Listing ID A2242804

Style Bungalow

Bedrooms 7

Full Baths 3

Year Built 1972

Lot Size 5,227 Sqft

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

Zoning R-CG

Rooms

Basement Full

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

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

Building

Lot Description Back Lane, Backs on to Park/Green Space, Rectangular Lot

Dwelling Type House

Story One

Foundation Poured Concrete

New Construction No

Listed by CIR Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 973-7986

ahsan.79@hotmail.com

1512 21 Ave NW, Calgary, T2M, 1L8, Canada

632 55 ST SE Calgary, AB T2A 3R6