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2
Bedrooms
2
Bathrooms
1,115
Sq ft
1972
Year built
$3,129
Property tax (2026)
4,994
Lot sq ft
$519,900
724 55 Street SE, Calgary T2A 3R8
Penbrooke Meadows
NewMLS® A2344840· New listing
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.

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About this property

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.

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