Prime Downtown Retail/Redevelopment – 7%+ Cap Rate
Location: 5th Ave SW, Downtown Calgary | Land: 9,148 SF (0.21 AC) | Building: 11,750 SF | Zoning: CR20-C20/R20
Investment Highlights:
• 7%+ cap rate with stable tenants | Tower potential (20-storey + PLUS 15 access) Fully leased
• Prime exposure across from The Bow | Flexible uses: retail, office, residential, hotel, medical, more
• Land assembly option (114 5th Ave also available) | Includes lots of rear parking
Ideal for investors/developers seeking high-return downtown asset with future upside.
Confidential showings – Do not approach tenants.
Location: 5th Ave SW, Downtown Calgary | Land: 9,148 SF (0.21 AC) | Building: 11,750 SF | Zoning: CR20-C20/R20
Investment Highlights:
• 7%+ cap rate with stable tenants | Tower potential (20-storey + PLUS 15 access) Fully leased
• Prime exposure across from The Bow | Flexible uses: retail, office, residential, hotel, medical, more
• Land assembly option (114 5th Ave also available) | Includes lots of rear parking
Ideal for investors/developers seeking high-return downtown asset with future upside.
Confidential showings – Do not approach tenants.
Property Details
Price:
$3,600,000
MLS #:
A2229235
Status:
Active
Baths:
0
Address:
118 5 Avenue SE
Type:
Commercial
Subtype:
Retail
Subdivision:
Downtown Commercial Core
City:
Calgary
Listed Date:
Jun 9, 2025
Province:
AB
Postal Code:
202
Lot Size:
846 sqft / 0.02 acres (approx)
Year Built:
1950
See this Listing
Rob Johnstone is a trusted Calgary Realtor with over 30 years of real estate experience. He has evaluated thousands of properties and is a recognized expert in Calgary home and condo sales. Rob offers accurate home evaluations either by email or through in-person appointments. Both options are free and come with no obligation. His focus is to provide honest advice and professional insight, helping Calgary homeowners make confident decisions when it’s time to sell their property.
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Community
- Address118 5 Avenue SE Calgary AB
- SubdivisionDowntown Commercial Core
- CityCalgary
- CountyCalgary
- Zip CodeT2G 0E2
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