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57, 5520 1 Avenue SE
homes for sale · Calgary · Penbrooke Meadows
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$289,999

57, 5520 1 Avenue SE

Penbrooke Meadows, Calgary · MLS® A2351122

322

1,069 sq ft · Townhouse · Single Family · built 1977 · 15 days on market

listed by Gladys Imoukhuede, CIR Realty

realtor's description

Welcome to this beautifully updated townhouse in the heart of Penbrooke Meadows, where comfort, affordability, and convenience meet. Whether you're a first-time home buyer, growing family, or savvy investor, this move-in-ready home offers exceptional value and everyday functionality.Boasting over 1,300 sq. ft. of developed living space, this well-maintained residence features 3 bedrooms, a versatile den, 1.5 bathrooms, and a thoughtfully designed layout that maximizes both comfort and practicality. Situated in a well managed complex, it's an ideal opportunity for homeowners and investors alike.The bright and inviting kitchen showcases elegant granite countertops, ample cabinetry, and plenty of workspace for daily living and entertaining. A conveniently located powder room adds functionality to the main floor. The spacious living room provides the perfect setting for relaxing evenings, family gatherings, or hosting guests, while large patio doors open to a private, fully fenced backyard where children and pets can play safely and you can unwind in your own outdoor retreat.Upstairs, you'll find a generously sized primary bedroom with dual closets, along with two additional well-proportioned bedrooms and a full 4-piece bathroom, offering plenty of space for families, guests, or a home office setup.The partially finished basement expands your living space with a cozy family room, ideal for movie nights, a recreation area, or a children's playroom. A flexible den offers endless possibilities as a home office, hobby room, workout space, or guest area, just add a door and flooring to it.. The basement also includes a conveniently located laundry area.Perfectly positioned close to schools, parks, playgrounds, shopping, public transit, and major roadways, this home combines an excellent location with outstanding value. Whether you're searching for your next home or a smart investment property, this charming townhouse is ready for its new owners. Don't miss your opp ortunity to make it yours

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property details

type
Townhouse, Single Family
bedrooms
3
bathrooms
2
living area
1,069 sq ft
parking
2
year built
1977
property tax
$2,187 / yr
strata fee
$390 / mo ($0.37 / sq ft)
strata rules
Pets Allowed
days on market
15
MLS®
A2351122

features

  • Parking
  • Pets Allowed
  • Washer
  • Refrigerator
  • Dishwasher
  • Stove

monthly cost

$1,836/mo
Mortgage $1,263 · Tax $182 · Strata $390

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$1,263/ monthly
loan $231,999
25-year amortization
total interest
$147,050
land title fees
$625
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$58,625
down + land title fees
total paid
$379,049

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent
$2,090/mo
after all costs
−$88/mo
cap rate
4.9%
yearly net rent ÷ price

Costs: mortgage $1,263 · tax $182 · strata $390 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Calgary: CMHC's average there ($2,118) lowered by what new tenants pay against everyone in the Calgary area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca

schools

Nearest public (CBE) and Catholic schools, by distance

  • Elementary · CBE Roland Michener School527 m
  • Middle · CBE Dr. Gladys McKelvie Egbert School955 m
  • Secondary · CBE Jack James High School1.1 km
  • Elementary · Catholic St. Martha School566 m
  • Secondary · Catholic Father Lacombe School2.3 km

The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Gladys Imoukhuede
CIR Realty
call Gladys · 587-228-5812
Powered by: REALTOR.ca

location

Penbrooke Meadows, CalgaryGoogle Maps ↗

Rapid transit: Marlborough CTrain station, 2.2 km (about 34 min walk).

city assessment

$329,000

2026 assessment · market value as of July 1, 2025

  • Up 14.4% from $287,500 in 2025
  • $185,000 in 2016 (78% over ten years)
  • Asking price is 12% below the assessment
  • Built 1977
  • Lot 25,374 m² (273,123 sq ft)
roll yearassessed
2026$329,000
2025$287,500
2024$225,000
2023$203,500
2022$182,000
2021$172,000
2020$182,500
2019$181,500

From City of Calgary open data (property assessments), matched to 57 5520 1 AV SE. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $2,188 a year

The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $2,187 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

location

Penbrooke Meadows, CalgaryGoogle Maps ↗

Rapid transit: Marlborough CTrain station, 2.2 km (about 34 min walk).

Drive times
  • Roland Michener3 min
  • Jack James High4 min
  • Bow Valley College11 min
  • Downtown Calgary14 min
  • Sheldon M. Chumir Health Centre16 min
  • YYC airport21 min
81

Walkability 81/100 · Very walkable: most errands on foot

Within a 10 minute walk: 2 grocery stores, 12 places to eat or drink, 31 parks and playgrounds, 2 schools, 4 pharmacies, 23 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

49, 5425 PENSACOLA Crescent SE, Calgary
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Townhouse
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106, 5404 10 Avenue SE, Calgary, photo 8
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58, 5520 1 Avenue SE, Calgary
58, 5520 1 Avenue SE, Calgary, photo 2
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58, 5520 1 Avenue SE, Calgary, photo 4
58, 5520 1 Avenue SE, Calgary, photo 5
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5412 14 Avenue SE, Calgary, photo 3
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5412 14 Avenue SE, Calgary, photo 8
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316, 5404 10 Avenue SE, Calgary, photo 8
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207 Penworth Drive SE, Calgary, photo 2
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