CalgaryListings Insight 724 55 Street SE is a 2-bedroom home in the community of Penbrooke Meadows, built in 1972, offering 2 bathrooms and 1,115 sq ft of living space above grade. Additional features include a fully finished basement with a separate entrance, vinyl plank flooring, and a fireplace. Before writing, ask about recent comparable sales, inspection items, permits, basement development, and long-term resale fit. If rental income is part of the plan, verify suite legality, permits, insurance, lender treatment, and current lease details before removing conditions. This one is new to market, so showing access and offer timing may matter. MLS® A2344840.
Want to see this home?
Tour this home in person with a CalgaryListings REALTOR® and get straight answers before you decide.
Homeowners · Free & InstantThinking of selling?Curious what your own home could be worth? Get an instant, no-obligation estimate based on current market data.
Welcome to this EXTENSIVELY RENOVATED BUNGALOW WITH A LEGAL BASEMENT SUITE in the established community of Penbrooke Meadows! Thoughtfully updated throughout, this move-in-ready home offers a bright, modern interior featuring BRAND-NEW WINDOWS THROUGHOUT, fresh paint, and new luxury vinyl plank flooring throughout both the main level and basement. The open-concept main floor provides a bright and functional living space filled with natural light. The updated kitchen features contemporary soft-close cabinetry, while the main level is completed by a large primary bedroom, a second generously sized bedroom, and a fully updated 4-piece bathroom with a tub/shower combination and convenient washer/dryer rough-ins. Downstairs, the LEGAL BASEMENT SUITE continues the modern finishes and offers two additional bedrooms, luxury vinyl plank flooring, soft-close cabinetry, a fully updated 4-piece bathroom, and its own washer/dryer rough-ins, providing excellent flexibility for extended family or rental potential. Major updates include a FURNACE (2025) and HOT WATER TANK (2026), providing added peace of mind for the next owner. Outside, the stucco exterior complements a PRIVATE FENCED YARD with a concrete patio and convenient back lane access. Located in an established, family-friendly community, this is a FANTASTIC OPPORTUNITY to own a beautifully updated home with the added value and versatility of a LEGAL BASEMENT SUITE. Some listing photos have been virtually staged with furniture and décor for visualization purposes. Corresponding unstaged photos are included.
Property Taxes
$3,128.78/yr (2026)
Listing Information
MLS® NumberA2344840
StatusActive
List Price$519, 900
Days on MarketNew listing
OccupancyVacant
Property Details
Property TypeDetached
Architectural StyleBi-Level
ZoningR-CG
Above-Grade Sq Ft1, 115 sq ft
Year Built1972
Bedrooms2
Full Bathrooms2
Total Bathrooms2
Interior
BasementFull, Finished, Separate/Exterior Entry
FlooringVinyl Plank
Fireplaces1
HeatingForced Air
Air ConditioningNone
Exterior & Parking
ExteriorStucco, Wood Frame, Wood Siding
RoofAsphalt Shingle
FoundationPoured Concrete
Total Parking1
Patio / DeckOther, Patio
Site & Lot
Lot Size4, 994 sq ft
Lot Acres0.11 acres
Lot Width50.13
Lot FeaturesBack Lane, Back Yard, Few Trees, Front Yard, Fruit Trees/Shrub(s), Lawn, Street Lighting
Legal Description41LK
Inclusions
Electric Stove,Range Hood,Refrigerator
Room Dimensions
Main Level
4pc Bathroom8`11" × 4`11"
Bedroom12`5" × 9`6"
Dining Room8`11" × 9`6"
Kitchen14`5" × 11`7"
Laundry3`6" × 6`1"
Living Room13`5" × 20`1"
Bedroom - Primary13`5" × 12`11"
Basement Level
4pc Bathroom8`7" × 4`11"
Other7`7" × 12`9"
Bedroom11`8" × 12`4"
Bedroom11`11" × 10`10"
Game Room15`11" × 15`6"
Storage2`11" × 6`1"
Furnace/Utility Room9`2" × 8`3"
Property History
No previous MLS® listings on record for this property — this appears to be its first time offered. Want to know how often homes nearby change hands? Ask our team.
What did similar homes here actually sell for?
CalgaryListings Group clients see recent sold prices and sale-to-list ratios for homes just like this one — plus smart matches and one-tap showing requests. Free with your client portal account.
Live MLS® Data · Calgary Listings Group · Serving Calgary Since 1997
Free account · no cost, no obligation
Everything we give our clients, before you're one.
One free account opens the whole toolkit — the guides we
write for Calgary buyers and sellers, the checklists we actually use on deals, the
video library, and a concierge that answers your questions any time of day.