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Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision West Hillhurst
MLS® Listing ID A2264673
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.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning RM-2
Interior
Inclusions Laundry, window coverings, and appliances
Others
Restrictions None Known
Tax ID 101777534
Ownership Private
Listed by CDN Global Advisors Ltd.