58, 5520 1 Avenue SE

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$299,900

58, 5520 1 Avenue SE

Penbrooke Meadows, Calgary · MLS® A2344386

422

1,206 sq ft · Townhouse · Single Family · built 1977 · 22 days on market

listed by Juan Basabe Boscan, Royal LePage Benchmark

Open house · Sunday, October 25, 3:30pm–6pm

realtor's description

**Open house Sunday, Oct 25 | 3:30–6:00 PM** Welcome to this 4-bedroom, 1.5-bath CORNER-UNIT townhome in Penbrook Meadows! Featuring 2 SIDE-BY-SIDE PARKING STALLS right out front and BACKING ONTO A BEAUTIFUL GREEN SPACE, this turn-key property is a great opportunity for first-time buyers, families, or investors. The main floor offers a bright layout with a refreshed kitchen featuring white cabinets and stainless steel appliances, a dining area, and a spacious living room with patio sliders leading to your private fenced yard. A convenient main-floor bedroom and half bath add great flexibility for a home office or guest space. Upstairs includes 3 additional bedrooms, including a primary with dual closets, and a full 4-piece bath. The partially finished basement adds a cozy family room, laundry, and extra storage. Close to schools, parks, transit, LRT, and just 8 minutes to Marlborough Mall. Turn-key living at an affordable price!

property details

type: Townhouse, Single Family
bedrooms: 4
bathrooms: 2
living area: 1,206 sq ft
parking: 2
year built: 1977
property tax: $2,078 / yr
strata fee: $437 / mo ($0.36 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 22
MLS®: A2344386

features

See remarks
Parking
Pets Allowed With Restrictions
Refrigerator
Stove
Microwave

monthly cost

$1,917/mo

Mortgage $1,307 · Tax $173 · Strata $437

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

estimated payment

$1,307/ monthly

loan $239,920

25-year amortization

down payment20% · $59,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $152,071
land title fees: $640; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $60,620; down + land title fees
total paid: $391,991

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: −$169/mo
cap rate: 4.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,307 · tax $173 · strata $437 · 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

location

Penbrooke Meadows, CalgaryGoogle Maps ↗

Rapid transit: Marlborough CTrain station, 2.1 km (about 33 min walk).

schools

Nearest public (CBE) and Catholic schools, by distance

Elementary · CBE Roland Michener School524 m
Middle · CBE Dr. Gladys McKelvie Egbert School963 m
Secondary · CBE Jack James High School1.1 km
Elementary · Catholic St. Martha School575 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.

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