Data was last updated 2025-10-25 at 20:40:04 GMT
$518,888

632 55 Street SE   Calgary, Alberta

MLS®: A2242804
URL:    
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.

Listing Information

Prop. Type:
Detached
Property Style:
Bungalow
Status:
Active
City:
Calgary
Bedrooms:
7
Full Bathrooms:
3
Neighbourhood:
Penbrooke Meadows
Area:
Calgary
Province:
Alberta
MLS® Number:
A2242804
Listing Price:
$518,888

General Information

Year Built:
1972
Total Square Feet:
1188ft2

Additional Information

Basement Dev:
Full
Parking:
Off Street, Parking Pad, See Remarks

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Location


Martin Durocher
Royal Lepage Blue Sky
5211, CALGARY, Alberta
Office: 4035855401
Mobile: 403-585-5401
Fax: 000-000-0000
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.