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A2264673 - 1241 5 Avenue NW, Calgary, Alberta T2N 0S1




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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.

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ESSENTIAL
MLS®:A2264673
Price:2,200,000.00
Type:Commercial
Sub Type:Multi Family
RestrictionsNone Known
DOM21
INTERIOR SNAPSHOT   
Sq Ft:7,500


COMMUNITY DETAILS
Address:1241 5 Avenue NW, Calgary, Alberta T2N 0S1
City:Calgary
Subdivision:West Hillhurst
County:Calgary
Province:Alberta
Postal Code:T2N 0S1
School: Schools
Housing:Housing Market
Statistics:Real Estate Statistics
EXTERIOR
Year Built:1971
Structure Type:Low Rise (2-4 stories)
Zoning:RM-2
ROOM DIMENSIONS


Inclusions: Laundry, window coverings, and appliances



Courtesy: CDN Global Advisors Ltd.


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We would highly recommend Big John and his team. Selling a property can be highly stressful. They alleviated much of that stress by keeping us informed throughout the whole process. Their professional advice was invaluable. We truly appreciated all of the team and thank them for their service
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We had a great experience years ago when Big John was our realtor of choice. Some things have changed but, Big John was every bit as professional now as years ago, Thanks to technology, the photos, video and brochures were absolutely great! When we saw our home on the website, we wanted to buy it. The showing process was also excellent. Easy to approve a showing and easy for us to make arrangements. Hopefully, we won't need Big John's services any time soon but, we will definitely recommend him and his team to anyone that should ask. Thank you for making the experience a positive one. Best regards Jim and Leslie G.
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West Hillhurst Housing Trends


Real Estate Listings: 65
Highest Price: $6,500,000.00
Lowest Priced: $285,000.00
Average Price: $1,030,433.60
Land: 1
November 5th 9:40am

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FAQs about 1241 5 Avenue NW, Calgary,
Alberta, T2N 0S1

1241 5 Avenue NW MLS® A2264673 has an approximate size of 0 Sq. Ft. located in West Hillhurst.

Nearby schools include read Schools & resources

There are 0 bedrooms and 0 bathrooms in this Commercial listing at 1241 5 Avenue NW, MLS® A2264673.

This Commercial listings is priced at $2,200,000.

This property is located at 1241 5 Avenue NW, Calgary, Alberta, T2N 0S1 in the West Hillhurst community on the market for 21 days. View location on Google maps.

You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our West Hillhurst community resources page.