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CAABCalgaryPenbrooke632 55 St Se
632 55 St Se, House other with 7 bedrooms, 3 bathrooms and 2 parking in Calgary AB | Image 1
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$500,000
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632 55 St Se, Calgary, AB

House

For Sale

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732
  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1188 sqft
Garage No
Taxes $3,263
Days Active 6
Lot Size 
Approx. Age 1972
Avg. Price Per Sqft $420
MLS® Number A2242804

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

** Open House from 2 pm to 3 pm on Sunday July 27 ** Investor Alert & Family Gem – Live In, Rent Out, or Flip! 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 proper ty 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! (id:58753)Show Description
MLS® NumberA2242804
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1972
BasementFinished, Full, Separate entrance, Walk-up, Suite
DrivewayParking Pad, Other, See Remarks
Garage Spaces
HeatForced air, Natural gas
A/CNone
Heating Fuel

Extras

Rooms

Show Details
Living Room:BasementNot available
Kitchen:BasementNot available
Other:BasementNot available
Bedroom 1:BasementNot available
Other:BasementNot available
Dining Room:MainNot available
Other:MainNot available
Master Bedroom:MainNot available

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