5520 1 Av Se

This 84-unit townhouse condo complex in Penbrooke Meadows, southeast Calgary, was built in 1977 and offers affordable entry into the market with average recent sales around $313,000 and monthly fees roughly $401. Located near Marlborough Mall, the C-Train, schools, and parks with quick access to Stoney Trail and Memorial Drive, units typically feature three to four bedrooms, finished basements, and assigned parking. The City of Calgary's 2026 assessed value averages $314,000 per unit. Before committing to purchase, obtain and have a real estate lawyer or condo specialist review the condo documents, including reserve fund study, financial statements, board minutes, and bylaws, to understand the building's long-term financial health and obligations.