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Homes for Sale in Penbrooke Meadows, Calgary

Penbrooke Meadows draws buyers who want genuine value in an established east Calgary community without the premium of newer southeast suburbs.

Active listings

35

Median list price

$325,000

Avg list price

$386,788

Homes for Sale in Penbrooke Meadows, Calgary

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Buying in Penbrooke Meadows

Who fits here

Penbrooke Meadows draws buyers who want genuine value in an established east Calgary community without the premium of newer southeast suburbs. Detached homes here — most of them bungalows and bi-levels built in the late 1960s and 1970s — sit on full lots with mature trees and back lanes, offering the kind of lot size that newer infill neighbourhoods simply cannot replicate at this price point. First-time buyers appreciate the relatively low entry cost compared to the city median, while investors are drawn to a 38% renter proportion that keeps rental demand steady. The neighbourhood''s 2.0 km² footprint contains roughly 3,005 dwellings at a density that feels like a real neighbourhood rather than a subdivision — walkable to schools, corner stores, and the Bob Bahan Aquatic and Fitness Centre a few minutes away in adjacent Forest Lawn. Families with school-age children have walkable CBE options including Penbrooke Meadows School (K–6), G.W. Skene Elementary, and James Short Memorial, plus St. Peter Elementary for Catholic families. The community has seen declining crime rates — from 3.7 per 100 residents in 2018 to 2.8 in 2023 — a signal that ongoing revitalization efforts along the International Avenue corridor are having a measurable effect. Buyers who value a multicultural, transit-connected neighbourhood with room to build equity will find Penbrooke Meadows worth a serious look.

Current market in the neighbourhood

Penbrooke Meadows homes are trading at a median sold price, with an average of across sales in the past twelve months. The average days on hômm sits, and sellers are achieving an average sale-to-list ratio. Active listings are currently priced between, with an average list price of $386,788. At per square foot, Penbrooke Meadows remains one of east Calgary''s most accessible entry points for detached home ownership.

Commute and lifestyle

Penbrooke Meadows sits roughly 9 km east of downtown Calgary, a straightforward drive along Memorial Drive NE or 17 Avenue SE that runs 15–25 minutes outside peak hours. Calgary Transit Route 1 — one of the city''s busiest cross-town corridors — connects the neighbourhood to the City Centre and onward to Bowness, while Routes 42 and 49 loop through the Penbrooke Terminal to Marlborough CTrain Station on the Blue Line, putting the downtown core about 30 minutes away without a car. The southern edge of the community borders International Avenue (17 Ave SE), a BRZ district with more than 400 businesses ranging from Vietnamese pho shops and Ethiopian restaurants to Filipino grocery stores and Latin American bakeries — a genuine reflection of Calgary''s immigrant population, 38% of whom call Penbrooke Meadows home. GlobalFest, held each August at nearby Elliston Park, brings international fireworks and the OneWorld multicultural festival right to the community''s doorstep. For everyday errands, the strip offers butcher shops, produce markets, and household goods within walking distance. Bob Bahan Aquatic and Fitness Centre, a 10-minute walk west in Forest Lawn, provides a full pool, dive tank, weight room, and fitness studio. Elliston Park itself offers green space, a reservoir, and off-leash areas that give the neighbourhood a recreational depth uncommon at this price point.

Long-term context

Penbrooke Meadows was established in 1969, giving it more than five decades of ownership history and a housing stock that has been steadily renovated and upgraded by successive owners. The neighbourhood''s median household income of $73,000 and 38% immigrant population mirror broader trends across east Calgary''s International Avenue corridor, where sustained community investment has supported steady demand for affordable detached housing. Calgary''s overall detached benchmark surpassed $700,000 for the first time in Q4 2024, reaching $748,683 — a 10.8% year-over-year increase — but east Calgary communities like Penbrooke Meadows have historically traded well below the city median, meaning buyers enter at a lower base and benefit from percentage-point gains compounding on a more accessible price. The Chinook Communities Local Area Plan and the East Calgary International Avenue Communities Local Area Plan both identify the area for long-term transit-oriented development, which tends to support land values near bus and CTrain corridors over multi-year horizons. For buyers willing to look beyond newer subdivisions, the combination of lot size, transit access, and policy tailwinds makes Penbrooke Meadows a compelling hold.

About Penbrooke Meadows

Overview

Penbrooke Meadows is a well-established, family-oriented neighbourhood located in the southeast quadrant of Calgary. Annexed in 1961 and developed primarily throughout the 1970s, the community is known for its quiet, tree-lined streets and affordable housing. With a strong sense of community spirit and excellent access to major roadways, Penbrooke Meadows attracts first-time buyers, young families, and long-term residents. Currently, the neighbourhood sees an average days on market of with a healthy sale-to-list ratio, reflecting its steady popularity.

Location

Situated in East Calgary, Penbrooke Meadows is bounded by Memorial Drive to the north, 17th Avenue SE to the south, 68th Street SE to the east, and 52nd Street SE to the west. This strategic location offers residents straightforward commutes to downtown Calgary and other areas of the city via major routes like Deerfoot Trail. It is also part of the Greater Forest Lawn area, bordering communities such as Marlborough Park and Forest Heights.

Housing character

The neighbourhood features a diverse mix of housing options, though it is predominantly characterized by single-family detached homes built between 1960 and 1980. These properties often feature spacious layouts, mature trees, and generous yards with laneway access. In addition to detached houses, buyers can find affordable row houses in the north and low-rise apartments or smaller condos in the south. The area presents an accessible entry point into the market, highlighted by an average sold price and a median sold price.

Schools

Families in Penbrooke Meadows have access to several reputable local schools embedded directly within the community. Public school options include Penbrooke Meadows School (which also hosts the Literacy Education Academic Development program), G.W. Skene Elementary, and James Short Memorial Elementary. For those seeking Catholic education, St. Peter Elementary School serves the neighbourhood, ensuring a range of accessible choices for young students.

Transit

Transportation in Penbrooke Meadows is highly convenient, supported by approximately 10 nearby bus routes that connect residents to Calgary's wider public transit system and nearby LRT stations. For drivers, Memorial Drive and 17th Avenue SE provide direct and efficient travel across the city. The community is also reasonably walkable and bike-friendly, with flat terrain and ongoing city projects aimed at improving local pathway and bikeway networks.

Shopping and dining

Residents enjoy close proximity to a variety of shopping and dining destinations. The nearby Marlborough Mall offers major big-box stores, services, and retail chains. Just south of the neighbourhood lies International Avenue (17th Avenue SE), a vibrant commercial corridor famous for its diverse array of international cuisine, local eateries, grocery stores, and daily conveniences, ensuring all essentials are a short trip away.

Parks and recreation

Outdoor enthusiasts and active families are well-served by local green spaces such as Penbrooke Park and Mountview Park. The highly active Penbrooke Meadows Community Association provides a hub for local events, maintaining a large hall, outdoor skating rink, and sports fields. Additionally, residents have easy access to the nearby Bob Bahan Aquatic & Fitness Centre, which features a swimming pool and fitness classes for all ages.

Lifestyle

Life in Penbrooke Meadows balances suburban calmness with the convenience of urban amenities. The neighbourhood is characterized by a diverse, welcoming atmosphere where community programs and local events bring neighbours together. It provides a practical and active lifestyle, making it an ideal setting for those seeking community involvement and outdoor recreation without sacrificing city accessibility. The local market remains active with homes sold over the past year and 35 active listings available.

See recent sold prices in Penbrooke Meadows, Calgary

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Frequently Asked Questions

The neighbourhood is predominantly detached bungalows and bi-levels built in the late 1960s and 1970s, sitting on full lots with back lanes. Semi-detached and row homes also exist, but condominiums make up only about 3% of the housing stock, making Penbrooke Meadows an unusually detached-heavy community at an accessible price point.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Mortgage values are calculated by hômm and are provided for estimate purposes only.

The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.

Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).

Listing information last updated on April 24, 2026 at 5:00 pm (America/Edmonton)