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.
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.
Property Details
Price:
$2,200,000
MLS #:
A2225540
Status:
Active
Baths:
0
Address:
1241 5 Avenue NW
Type:
Commercial
Subtype:
Multi Family
Subdivision:
Hillhurst
City:
Calgary
Listed Date:
May 30, 2025
Province:
AB
Postal Code:
201
Year Built:
1971
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
- Address1241 5 Avenue NW Calgary AB
- SubdivisionHillhurst
- CityCalgary
- CountyCalgary
- Zip Codet2n0s1
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1241 5 Avenue NW
Calgary, AB
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