Positioned in the heart of Calgary’s highly desirable Hillhurstneighborhood, 1241 5th Avenue NW offers a rare multifamilyinvestment 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 anideal 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 recentupgrades including a new hot water tank (2020), fresh luxury vinylplank flooring throughout common areas, and modern balconyrailings installed in 2023. While all units have received variouslevels of interior renovations over time, there remainsconsiderable value-add potential for an investor seeking tomodernize and reposition the asset to drive rental growth.With one parking stall per unit, solid building fundamentals, and alocation steps from Riley Park, Kensington Village, and CTrainaccess, 1241 5th Avenue NW stands as a prime value-addopportunity in one of Calgary’s most walkable and sought-afterurban communities. (30610055)
Property Type
Multi-family
Building Type
Multi-Family
Subdivision Name
Hillhurst
Annual Property Taxes
$9,210.26 (CAD)
Time on REALTOR.ca
24 days
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