724 55 Street SE, Penbrooke Meadows, Calgary

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$519,900
$466 per sq ft (asking)
724 55 Street SE, Calgary T2A 3R8
Penbrooke Meadows
NewMLS® A2349921· New listing
2
Bedrooms
2
Bathrooms
1,115
Sq ft
1972
Year built
$3,129
Property tax (2026)
4,994
Lot sq ft
CalgaryListings Insight
Set in Penbrooke Meadows, 724 55 Street SE is a 2-bedroom home built in 1972, offering 2 bathrooms and 1,115 sq ft of living space above grade. This home also offers 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® A2349921.

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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® NumberA2349921
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

724 55 Street SE has been listed 1 time before — see each asking price, what happened, and any sold prices.

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Where this price sits in Penbrooke Meadows

Asking $519,900. That is about 5% above the $495,000 median sale price for detached homes in Penbrooke Meadows over October 2025 – September 2026, across 43 recorded sales. Those sales took 39 days on the market on average. Across all home types, sellers in Penbrooke Meadows got 95.8% of their asking price on average and the community was carrying 4.6 months of supply.

Aggregate MLS® statistics from our own published dataset (community medians, methodology). Medians are not adjusted for size, age or condition, and individual sold prices stay members-only under Alberta VOW rules.

Schools near this home

  • St. Peter SchoolCatholic (CCSD) · Elementary · 306 m · about 1 min by carSchool website
  • Penbrooke Meadows SchoolPublic (CBE) · Elementary · 763 m · about 3 mins by carSchool website
  • Dr. Gladys McKelvie Egbert SchoolPublic (CBE) · Junior High · 1.3 km · about 4 mins by carSchool website
  • Forest Lawn High SchoolPublic (CBE) · Unknown · 1.4 km · about 3 mins by carSchool website

Distances and drive times are measured from the centre of Penbrooke Meadows, not from this address. Designation depends on address, grade, program and capacity and changes from year to year — check the CBE or Calgary Catholic finder before you buy.

Commute from Penbrooke Meadows

DestinationBy carBy transit
Downtown Calgary16 mins43 mins
University of Calgary22 mins1 hour 0 mins
Foothills Medical Centre21 mins1 hour 5 mins
Mount Royal University20 mins1 hour 2 mins
Calgary International Airport17 mins51 mins
Westside Recreation Centre26 mins1 hour 6 mins

Off-peak estimates measured from the centre of Penbrooke Meadows, not from this address. Live traffic varies.

Who lives in Penbrooke Meadows

  • 8,235Population
  • 2.7Average household size
  • 62%Owner-occupied households
  • $73KMedian household income
  • 18%Residents aged 0–14

2021 Census of Canada, via the City of Calgary community profile — long-term neighbourhood context, not current market activity. Full Penbrooke Meadows census profile →

Questions about this home

How much is 724 55 Street SE?

724 55 Street SE in Penbrooke Meadows is listed for sale at $519,900. It came on the market within the last day.

How many bedrooms and bathrooms does 724 55 Street SE have?

724 55 Street SE in Penbrooke Meadows has 2 bedrooms and 2 bathrooms. The listing records 1,115 sq ft above grade. It is a detached house.

Is 724 55 Street SE priced above or below the Penbrooke Meadows market?

Its $519,900 asking price is about 5% above the $495,000 median sale price for detached homes in Penbrooke Meadows (October 2025 – September 2026, 43 sales). Medians are not adjusted for size, age or condition.

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