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1241 5 Avenue NW
West Hillhurst Calgary T2N 0S1

$2,200,000
Commercial

Main Photo: 1241 5 Avenue NW in Calgary: West Hillhurst Multi Family for sale : MLS®# A2264673
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2264673
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.
Property Type:
Commercial
Property Sub Type:
Multi Family
Transaction Type:
For Sale
Total Building Area:
7,500 sq. ft.
Year built:
1971 (Age: 54)
Bathrooms:
- (Full:-, Half:-)
Plan:
5609J
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Garage:
No
West Hillhurst
Laundry, window coverings, and appliances
None Known
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
RM-2
Listed Date:
Oct 15, 2025
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Listed by CDN Global Advisors Ltd.
Data was last updated October 25, 2025 at 10:05 PM (UTC)
Robert Hinsperger

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.