1241 5 Avenue NW - MLS® # A2225540

Property Details

List Price:
$2,200,000
Living Area:
0 sqft.
Bedrooms:
N/A
Bathrooms:
N/A
Lot Size Area:
N/A
Taxes:
N/A
Type:
Multi Family (Commercial)
Style:
N/A
Basement:
Year Built:
1971

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.

Listing Provided By

CDN Global Advisors Ltd.

Neighborhood Info

The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.

Change the fields below to automatically calculate your mortgage details.

$
%
$
%
years

Mortgage Details

$
$

Send us your questions about this property and we'll get back to you right away.

Send this to a friend, or email this to yourself

 Real Estate Listing provided by
  • Oleg Lutso
  • 403 708 1777
  • 403 247 5178
  • INFO@OLEGLUTSO.COM
  • RE/MAX Real Estate Mountain View
  • 4625 Varsity Dr NW #222,
  • Calgary, AB
  • T3A 0Z9