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Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Hillhurst
MLS® Listing ID A2225540
Year Built 1971
Annual Tax Amount $9,210
Tax Year 2024
Property Sub-Type Multi Family
Source Lloydminster
Property Description
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.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning RM-2
Interior
Inclusions Laundry units, all appliances, and window coverings
Others
Restrictions None Known
Tax ID 101777534
Ownership Private
Read Less Info
Listed by CDN Global Advisors Ltd.
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