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Hillhurst - NW Calgary Real Estate
Transit
Bus route 405 serves the community of Hillhurst.
Parks & Recreation
Two parks are located within the community of Hillhurst: Hillhurst Sunnyside Park and Riley Park, right next to one another. The latter features ample green space while the former features two tennis courts and one softball field. Parks to the north and east of the community include McHugh Bluff Park, Crescent Heights Park, Prince's Island Park, Eau Claire Park, James Short Park, Central Memorial Park and others. The North Hill Shopping Centre is the nearest hub of shopping.
Schools
● Ecole Madeleine d'Houet Bilingual Junior High School
● Rosedale Elementary/Junior High
● Queen Elizabeth Elementary
● Queen Elizabeth Junior/Senior High School
● Louis Dean Centre
Houses of Worship
● Seventh-Day Adventist Central
● Parkdale Grace Fellowship
● Hillhurst United Church
● Parkdale Grace Fellowship
Hillhurst - NW Calgary MLS® System Listings
1241 5 Avenue NW - MLS® # A2225540
- Property Value $2,200,000
- Type Multi Family (Commercial)
- 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.
1241 5 Avenue NW, Calgary
Listing Provided By
CDN Global Advisors Ltd.
Last Updated
2025-05-29 09:50
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