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632 55 ST Southeast Calgary, AB T2A 3R6
7 Beds
3 Baths
1,187 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,187 sqft
Price per Sqft $421
Subdivision Penbrooke Meadows
MLS® Listing ID A2242804
Style Bungalow
Bedrooms 7
Full Baths 3
Year Built 1972
Lot Size 5,198 Sqft
Acres 0.12
Property Sub-Type Detached
Property Description
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. Want a garage instead? It can be easily converted back to a single attached garage.
While many major upgrades have already been taken care of, a little cosmetic TLC will go a long way—making it 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 within 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, adding legal suites, or increasing density—perfect for forward-thinking investors. The sunny yard, mature trees, and back lane access provide room to build a brand-new double detached garage to boost property value even more.
Ideally located close to schools, parks, shopping (Penbrooke Plaza), and with fast access to 17th Ave, Memorial Drive, Stoney Trail, and Deerfoot Trail, this property is perfectly positioned to attract reliable tenants and maximize rental demand.
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 at a profit, or redevelop for even more 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!
Location
Province AB
County Calgary
Area Cal Zone E
Zoning R-CG
Direction W
Rooms
Basement Separate/Exterior Entry, Finished, Full, Suite, Walk-Up To Grade
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
Appliance See Remarks
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
Porch Patio
Lot Frontage 15.85
Exposure W
Total Parking Spaces 2
Building
Lot Description Back Lane, Backs on to Park/Green Space, Rectangular Lot
Dwelling Type House
Foundation Poured Concrete
Architectural Style Bungalow
Level or Stories One
Structure Type Other,Vinyl Siding
Others
Restrictions None Known
Tax ID 101455373