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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.
Schedule a consultation with our commercial real estate specialists.
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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.
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.
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.
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.
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.
Home prices in Hillhurst vary significantly by property type:
The average listing price overall is approximately $381,171, with homes spending an average of 42 days on the market.
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.
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.
Hillhurst offers exceptional access to outdoor recreation:
Hillhurst is served by several excellent schools:
Hillhurst is exceptionally well-connected for commuters:
Hillhurst is conveniently located near two of Calgary's major hospitals:
Numerous medical clinics, dental offices, and pharmacies are also available within the community and surrounding area.
Kensington Village offers a diverse range of independent shops and dining options:
The Hillhurst-Sunnyside Community Association (HSCA) serves both Hillhurst and neighbouring Sunnyside. Located at 1320 5th Ave NW in Riley Park, the association offers:
The wider Hillhurst area (including Sunnyside) has a population of approximately 7,226 residents. Key demographics include:
According to Calgary Police Service data, crime rates in Hillhurst have shown improvement in recent years:
As with any inner-city neighbourhood, residents should take standard urban precautions. The area has an active community association and is well-patrolled.
Yes, Hillhurst is an excellent community for families. Features include:
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 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.
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.
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.
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.
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.
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.
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.
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