Commercial
>
Hillhurst
>
Commercial Real Estate

Hillhurst Commercial Real Estate Listings

Find Hillhurst commercial real estate listings for sale or lease. Our commercial real estate specialists help investors and business owners find the perfect retail spaces, office buildings, and multi-unit properties in Hillhurst.

From location selection to appraisals to property management, your commercial real estate agent will help you make informed decisions about Hillhurst commercial properties.

NEW Commercial Real Estate Listing Alerts!

Ready to Invest?

Schedule a consultation with our commercial real estate specialists.

Schedule a Meeting

Free Property Evaluation

Get an accurate valuation of your commercial property.

Request Evaluation

FEATURED LISTINGS

Check back for featured listings in Hillhurst.

Commercial Real Estate Information May 19, 2026

View Detailed Hillhurst Real Estate Statistics

Hillhurst Commercial Real Estate Information

Our Commercial Real Estate Practitioners expertly represent all aspects of commercial investments, for both acquisitions and dispositions. We work with large investment groups, REITs, and individual investors to provide comprehensive market knowledge, financing strategies, and investment opportunities in the Hillhurst area.

Hillhurst Multi-Unit Commercial Real Estate

Hillhurst Community Overview

Find answers to the most common questions about Hillhurst, one of Calgary's oldest and most beloved inner-city neighbourhoods, known for its historic charm, vibrant Kensington Village, and stunning Bow River views.

Where is Hillhurst located in Calgary?

Hillhurst is located in the inner city of Calgary's northwest quadrant. The community is bounded by 8th Avenue NW to the north, 10th Street NW to the east, the Bow River to the south, and 18th Street NW to the west. It lies directly across the river from downtown Calgary, offering stunning skyline views and easy access to the city core. The community is within Ward 1, represented by Councillor Sonya Sharp.

What is the history of Hillhurst?

Hillhurst is one of Calgary's oldest neighbourhoods, established in 1914. The first homesteads appeared in the 1880s, with the most notable being that of Felix McHugh, who established his homestead in 1883. The site of his house is now a playground at the corner of 9A Street and Memorial Drive. Ezra Riley acquired the land and sold it to the city in 1904, also donating a 20-acre parcel that is now Riley Park. Lots were originally 25 feet and sold for about $300 each in 1907.

What types of homes are available in Hillhurst?

Hillhurst offers a diverse mix of housing types including historic character homes, modern infills, condominium apartments, and semi-detached properties. Approximately 48% of buildings are condominiums or apartments, and 56% of housing is used for renting, reflecting the community's popularity with young professionals and students. The community has seen a revival in recent years with new residential development including single-family and semi-detached homes by local builders.

What is the average home price in Hillhurst?

Home prices in Hillhurst vary significantly by property type:

Detached Homes: Median sold price $1,940,000
Condos/Apartments: Median sold price $430,000
Attached Homes: Average approx $1,234,050
Townhomes: Average approx $549,000
1-Bedroom Condos: Average approx $280,384 (615 sq ft)

The average listing price overall is approximately $381,171, with homes spending an average of 42 days on the market.

What is Kensington Village?

The Kensington Business Revitalization Zone (BRZ) adjoins the Hillhurst community. Kensington Village is an active, family-friendly commercial area abundant with amenities, including independent coffee shops, restaurants, boutiques, bookstores, and pubs. It's known for its historic brick buildings, walkable streets, and vibrant cultural scene with regular festivals and events including the Kensington Sunfest and Night of Lights.

What is Riley Park?

Riley Park is a 20-acre park in the heart of Hillhurst, donated by Ezra Riley in 1904. It features walking paths, a playground, wading pool, picnic areas, and the Hillhurst-Sunnyside Community Centre. The park is a central gathering place for families and community events throughout the year.

What outdoor recreation is available near Hillhurst?

Hillhurst offers exceptional access to outdoor recreation:

Bow River Pathway System – Connects cyclists and pedestrians to Calgary's extensive riverside trail network
Riley Park – Community gathering space with playground, wading pool, and walking paths
Queen Elizabeth Park – Located across the river with a lagoon and trails
Prince's Island Park – Downtown island park accessible via the Peace Bridge

What schools serve the Hillhurst area?

Hillhurst is served by several excellent schools:

Hillhurst Community School (K-6) – Public elementary located within the community
Queen Elizabeth School (6-12) – Public junior and senior high
Madeleine d'Houet – Bilingual school (9-12)
SAIT Polytechnic – Post-secondary institution located adjacent to the community

What are the transportation options in Hillhurst?

Hillhurst is exceptionally well-connected for commuters:

Sunnyside C-Train Station – Located at the southern edge of the community on the Red Line
Walk Score – Approximately 80+, considered very walkable
Bow River Pathways – Connect to downtown and the city's cycling network
Road Access – Quick access to Crowchild Trail, Memorial Drive, and 16th Avenue NW
Commute to downtown – Less than 5 minutes by car; 10-15 minutes by C-Train or bike

What healthcare options are near Hillhurst?

Hillhurst is conveniently located near two of Calgary's major hospitals:

Foothills Medical Centre – One of Alberta's largest hospitals
Alberta Children's Hospital – World-class paediatric care

Numerous medical clinics, dental offices, and pharmacies are also available within the community and surrounding area.

What shopping and dining are in Kensington?

Kensington Village offers a diverse range of independent shops and dining options:

Pages Books – Beloved independent bookstore
Steeling Home – Unique gifts and home décor
Reid's Stationers – High-quality stationery
Diverse restaurants including Japanese, Korean, Italian, Mexican, and Greek cuisine
Popular cafes including Higher Ground and Phil & Sebastian
The historic Plaza Theatre for independent films

What is the Hillhurst-Sunnyside Community Association?

The Hillhurst-Sunnyside Community Association (HSCA) serves both Hillhurst and neighbouring Sunnyside. Located at 1320 5th Ave NW in Riley Park, the association offers:

Recreational programs including fitness classes and sports leagues
Pickleball programs Saturdays 10:30am-12:00pm and 12:00pm-1:30pm (ages 16+)
Private pool rentals
Event rentals and community space
Community advocacy and neighbourhood planning

What is the demographic profile of Hillhurst?

The wider Hillhurst area (including Sunnyside) has a population of approximately 7,226 residents. Key demographics include:

Average Household Income: $173,419
Age Distribution: 20-34 (30%), 35-49 (24%), 0-19 (18%), 50-64 (17%), 65+ (12%)
Household Composition: Single person (45%), Single family (48%)
Ownership vs. Renters: 54% renters, 46% owners
Mother Tongue: English (84%), Cantonese (2%), Spanish (2%), Mandarin (2%), French (2%)
Immigrant Population (2000): 15.3%
Chinese Population: Approximately 4.65%

Is Hillhurst a safe community?

According to Calgary Police Service data, crime rates in Hillhurst have shown improvement in recent years:

2018: 5.9 per 100 residents
2019: 8.5 per 100 residents
2020: 6.0 per 100 residents
2021: 5.3 per 100 residents
2022: 6.3 per 100 residents
2023: 4.9 per 100 residents

As with any inner-city neighbourhood, residents should take standard urban precautions. The area has an active community association and is well-patrolled.

Is Hillhurst a good place for families?

Yes, Hillhurst is an excellent community for families. Features include:

Hillhurst Community School (K-6) within the neighbourhood
Riley Park with playground and wading pool
Direct access to the Bow River pathway system
Kensington Village with family-friendly restaurants and shops
Active community association with programs for children
Proximity to SAIT and the University of Calgary

Is Hillhurst dog-friendly?

Yes, Hillhurst is a very dog-friendly neighbourhood. The Bow River pathway system and Riley Park provide excellent walking routes for dogs. Many cafes and pubs in Kensington have dog-friendly patios, and the community's walkable streets are perfect for daily walks with pets.

Retail Commercial Real Estate

Retail properties in Hillhurst range from individual shops to large shopping centers. Retail spaces offer excellent visibility and customer traffic, with opportunities for stand-alone buildings or multi-tenant locations.

View Retail Listings

Frequently Asked Questions About Hillhurst Commercial Real Estate

What types of commercial properties are available in Hillhurst? +

Hillhurst offers a diverse range of commercial real estate including retail storefronts, office buildings, industrial warehouses, multi-unit residential revenue properties, mixed-use developments, and land for commercial development. Our inventory includes both for-sale and lease options to accommodate various business needs and investment strategies.

How do I finance a commercial real estate purchase in Hillhurst? +

Commercial real estate financing differs from residential mortgages. Options include traditional bank loans (typically requiring 20-30% down), CMHC commercial loans, private lending, and vendor take-back financing. Our commercial specialists can connect you with lenders experienced in Hillhurst commercial transactions and help you prepare a strong application package.

What is the current commercial vacancy rate in Hillhurst? +

Commercial vacancy rates vary by property type and specific location within Hillhurst. Generally, retail spaces see 5-8% vacancy, office spaces 8-12%, and industrial spaces 3-6%. Our team provides current market absorption rates and vacancy statistics to help you make informed investment decisions. Contact us for the most recent quarterly commercial market report.

How long does it typically take to lease commercial space? +

Leasing commercial space in Hillhurst typically takes 2-6 months from initial search to signed lease, depending on market conditions, property type, and negotiation complexity. Allow additional time for tenant improvements and permitting. Our commercial agents streamline this process by identifying suitable properties and negotiating favorable lease terms.

Do I need a commercial real estate agent to buy or lease property? +

While not legally required, working with a commercial real estate professional is highly recommended. Our agents provide access to off-market properties, accurate comparable sales data, lease negotiation expertise, and insight into zoning and development regulations specific to Hillhurst. Best of all, tenant and buyer representation is typically at no cost to you — the landlord or seller pays the commission.

What due diligence should I perform before buying commercial real estate? +

Key due diligence steps include: property condition assessment (building inspection), environmental site assessment, zoning verification, title search, review of existing leases (for income properties), financial analysis of operating costs, and appraisal. Our commercial team coordinates these investigations and helps you interpret findings to mitigate risk.