A2242804 - 632 55 Street SE,
Calgary, Alberta T2A 3R6
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
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FOR SALE $518,888.00
SCHEDULE PRIVATE TOUR
We will work around your timelines. First choose the date below.
Investor Alert & Family Gem – Live In, Rent Out, or Flip! 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!
DOWNLOAD Feature sheet
ESSENTIAL
| MLS®: | A2242804 |
| Price: | 518,888.00 |
| Type: | Residential |
| Sub Type: | Detached |
| Style: | Bungalow |
| Lot Size: | 5,198 sq. ft. |
| Levels: | One |
| Total Sqft: | 1187.58 Sqft. |
| Restrictions | None Known |
| DOM | 55 |
INTERIOR SNAPSHOT
| Baths Full: | 3 |
| Baths Total: | 3 |
| Bedrooms: | 7 |
| Rooms Above: | 7 |
| Flooring: | Laminate, Other, Tile |
| Heating: | Forced Air, Natural Gas |
| Basement: | Separate/Exterior Entry, Finished, Full, Suite, Walk-Up To Grade |
| Suite: | Suite - Illegal |
COMMUNITY DETAILS
| Address: | 632 55 Street SE, Calgary, Alberta T2A 3R6 |
| City: | Calgary |
| Subdivision: | Penbrooke Meadows |
| County: | Calgary |
| Province: | Alberta |
| Postal Code: | T2A 3R6 |
| School: | Schools |
| Housing: | Housing Market |
| Statistics: | Real Estate Statistics |
EXTERIOR
| Year Built: | 1972 |
| Structure Type: | House |
| Foundation: | Poured Concrete |
| Frontage: | 4.83M 15`10" |
| Roof: | Asphalt Shingle |
| Zoning: | R-CG |
| Construction: | Other, Vinyl Siding |
| Parking Total: | 2 |
ROOM DIMENSIONS
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Inclusions:
2 fridges, 2 stoves, 2 hood fan, 1 dishwasher, 2 washer, 2 dryer, deep freezer, AC in living
room, window covering all
Lot Features:
Back Lane, Backs on to Park/Green Space, Rectangular Lot
Parking Features:
Off Street, Parking Pad, See Remarks
Patio And Porch Features:
Patio
Courtesy: CIR Realty
Sean Gillis - RE/MAX Grande Prairie
Sean Gillis - RE/MAX Grande Prairie
Recent Customer Reviews
It was a great experience to have Sean as our realtors. He moves fast, lots of communication of feedbacks during our showings.
Kassandra Lajeunesse - Buy/Sell
Sean conducts his business in a transparent and honest way. He is available at any hour of the day. He always has a back up plan ready if the first plan falls through. This foresight / contingency is extremely valuable when working on tight timelines. Would recommend Sean to anyone who is need of Real Estate Agent services.
Riley Arguin - Buy
Penbrooke Meadows Housing Trends
| Real Estate Listings: | 26 | |
| Highest Price: | $649,900.00 | |
| Lowest Priced: | $254,900.00 | |
| Average Price: | $444,637.96 | |
| September 17th 4:00am | ||
5/5.0
It was a great experience to have Sean as our realtors. He moves fast, lots of communication of feedbacks during our showings.
Kassandra Lajeunesse - Buy/Sell
5/5.0
Sean conducts his business in a transparent and honest way. He is available at any hour of the day. He always has a back up plan ready if the first plan falls through. This foresight / contingency...
Riley Arguin - Buy
FAQs about 632 55 Street SE, Calgary, Alberta, T2A 3R6
632 55 Street SE MLS® A2242804 has an approximate size of 1,188 Sq. Ft. located in Penbrooke Meadows.
Nearby secondary schools include Schools & resources
There are 7 bedrooms and 3 bathrooms in this Residential listing at 632 55 Street SE, MLS® A2242804.
This Residential is priced at $518,888.
This property is located at 632 55 Street SE, Calgary, Alberta, T2A 3R6 in the Penbrooke Meadows community. View location on Google maps.
You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our Penbrooke Meadows community resources page.
