East sector · CMHC Southeast zone · 2026 roll
Penbrooke Meadows, Calgary: home values, suites and rental numbers
Penbrooke Meadows (East sector) has a 2026 median detached assessment of $492,000, above 2% of Calgary communities. At an estimated $2,440 local house rent, its median house runs $570 short a month with 20% down; break-even is $3,110. A 1-bedroom suite here would rent near $1,600 (CMHC Southeast zone).
What stands out in Penbrooke Meadows?
- Detached values rose 2.3% between the 2025 and 2026 rolls ($481,000 → $492,000), against a typical +2.4% across Calgary communities.
- 43 suites were registered here in 2023–2025 (10, 18, 15), and 10 more in 2026 to the end of October.
- A 1970s–80s housing stock: the median detached house dates from 1972, older than in 73% of communities.
- Median lot 5,168 sq ft, close to the 5,256 sq ft typical of Calgary communities.
- 6.8 registered suites per 100 houses (city 9.3); #78 of 214 for suites added in the last 12 months.
The median completed detached house here ($492,000), 20% down at 4.58%, rented at Penbrooke Meadows's estimated house rent.
| Price / down payment | $492,000 / $98,400 |
|---|---|
| House rent (3+ bed) | $2,440StatCan $2,469 × Southeast zone index 0.99 |
| Mortgage | $2,196 |
| Vacancy and operating costs | −$814incl. $3,272/yr 2026 tax |
| NOI · cap rate | $1,626 · 3.97% |
| With a legal suite: upper $1,960 + suite $1,600 | $262 a monthcap 6.00%; $120 suite costs |
| Cash flow, single unit | −$570 a monthDSCR 0.74 |
The suite case assumes the upper floor rents as a 2-bedroom house and the suite at the Southeast zone's CMHC 1-bedroom average; a suited house usually costs more to buy, so enter the real price. Open the suite version.
What do rentals rent for around Penbrooke Meadows?
| Unit | Southeast zone |
|---|---|
| 1-bedroom apartment | $1,600 |
| 2-bedroom apartment | $1,893 |
| 3+ bedroom townhouse | $1,951 |
| Apartment vacancy | 2.9% |
Adapted from Canada Mortgage and Housing Corporation, Rental Market Survey, Calgary CMA, October 2025; not an endorsement by CMHC. House rents are our zone-scaled estimate (method).
How did Penbrooke Meadows's values and tax change from 2025 to 2026?
| Home type | Homes | 2025 | 2026 | Tax 2025 → 2026 | Cap rate |
|---|---|---|---|---|---|
| Detached | 1,628 | $481,000 | $492,000 | $2,973 → $3,272 | 3.97% |
| Semi / duplex | 384 | $378,250 | $394,250 | $2,338 → $2,622 | 5.12% |
| Townhouse | 616 | $268,500 | $303,500 | $1,659 → $2,018 | 4.50% |
| Apartment condo | 92 | $180,250 | $189,250 | $1,114 → $1,258 | 6.66% |
What this means if you're investing in Penbrooke Meadows
- It needs $3,110 to break even, $670 over the estimated local house rent; check Penbrooke Meadows listings before assuming more.
- A legal suite turns it positive ($262 a month). 111 registered suites show the layouts allow them.
- Best yield here at local rents: the apartment condo ($189,250, 6.66% cap rate).
- Tax on the median house went from $2,973 to $3,272 a year.
Which East communities are priced like Penbrooke Meadows?
| Community | Detached median | Break-even rent | Suites (12 mo) |
|---|---|---|---|
| Penbrooke Meadows | $492,000 | $3,110 | 111 (15) |
| Forest Heights | $504,000 | $3,181 | 88 (10) |
| Albert Park/Radisson Heights | $507,500 | $3,202 | 207 (48) |
| Erin Woods | $474,500 | $3,007 | 44 (6) |
Sources: City of Calgary open data (2026 and 2025 assessment rolls, suite registry; Open Government Licence – City of Calgary), Statistics Canada, CMHC. Medians are our calculation; see the methodology. Back to the East sector or all communities; buying to live here? CalgaryMortgageCalculator.ca.