Positioned in the heart of Calgary’s highly desirable Hillhurst
neighborhood, 1241 5th Avenue NW offers a rare multifamily
investment with both stability and upside. This two-story, eight-
unit apartment building consists entirely of one-bedroom suites,
each ranging between 485 and 529 square feet—making it an
ideal asset for targeting the city’s growing population of students,
young professionals, and downsizers who value inner-city living.
Originally constructed in 1971, the property has seen several recent
upgrades including a new hot water tank (2020), fresh luxury vinyl
plank flooring throughout common areas, and modern balcony
railings installed in 2023. While all units have received various
levels of interior renovations over time, there remains
considerable value-add potential for an investor seeking to
modernize and reposition the asset to drive rental growth.
With one parking stall per unit, solid building fundamentals, and a
location steps from Riley Park, Kensington Village, and CTrain
access, 1241 5th Avenue NW stands as a prime value-add
opportunity in one of Calgary’s most walkable and sought-after
urban communities.
Address
1241 5 Avenue NW
List Price
$2,200,000
Property Type
Commercial
Type of Dwelling
Multi Family
Area
Calgary CC
Sub-Area
Hillhurst
Year Built
1971
MLS® Number
A2225540
Listing Brokerage
CDN Global Advisors Ltd.
Postal Code
t2n0s1
Zoning
RM-2