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. Highlights 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® A2355279.
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REDUCED PRICE, NOW $495,000. Welcome to this EXTENSIVELY RENOVATED BUNGALOW 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 fully developed basement features an illegal basement suite with two additional bedrooms, luxury vinyl plank flooring, soft-close cabinetry, a fully updated 4-piece bathroom, and its own washer/dryer rough-ins. 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 additional developed basement space. 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® NumberA2355279
StatusActive
List Price$495, 000
Days on Market2 days
OccupancyVacant
Property Details
Property TypeDetached
Architectural StyleBi-Level
ZoningR-C1
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"
Listing Office
RE/MAX Complete Realty
Listing data provided via MLS®. Not intended to solicit buyers or sellers already under contract.
Property History
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724 55 Street SE has been listed 2 times before — see each asking price, what happened, and any sold prices.
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What did similar homes here actually sell for?
Calgary Listings 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.
Time on marketOn the market 2 days. Detached homes that sold in Penbrooke Meadows over October 2025 – September 2026 averaged 39 days.
Price per sq ft$444 per sq ft above grade at asking, about 10% below the $491 per sq ft median across 15 comparable active detached homes in Penbrooke Meadows.
Worked out from this MLS® record, our published community data and the other active listings in Penbrooke Meadows. Asking prices only; individual sold prices stay members-only under Alberta VOW rules.
Where this price sits in Penbrooke Meadows
Asking $495,000. That is in line with 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 4.3 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
Destination
By car
By transit
Downtown Calgary
16 mins
43 mins
University of Calgary
22 mins
1 hour 0 mins
Foothills Medical Centre
21 mins
1 hour 5 mins
Mount Royal University
20 mins
1 hour 2 mins
Calgary International Airport
17 mins
51 mins
Westside Recreation Centre
26 mins
1 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
Is 724 55 Street SE for sale?
Yes. 724 55 Street SE in Penbrooke Meadows is an active MLS® listing (MLS® A2355279). It has been on the market 2 days. Listing data last updated 2026-10-30.
What is the asking price of 724 55 Street SE?
724 55 Street SE in Penbrooke Meadows is listed at $495,000.
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.
How does the asking price of 724 55 Street SE compare with the Penbrooke Meadows market?
Its $495,000 asking price is in line with 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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