Overview
Victoria on 5th is a newly completed modern rental building located in one Calgary’s most popular communities, Hillhurst. This six-storey building sits adjacent to Riley Park and consists of 79 rental suites ranging from 600 to 1,200 SF. Conveniently located just steps to the Sunnyside LRT train station and within walking distance to the trendy Kensington neighbourhood, the building affords residents the walkable convenience of an urban village.
Completed in Summer 2021 and improved on a 26,231 SF lot, the property features a suite mix of 35 one-bedrooms, 39 two-bedrooms and 5 three-bedrooms, equating to 64,008 SF of net rentable area. Other highlights include two high-speed elevators, patios/balconies, in-suite laundry, secured bike storage, 72 heated underground parking stalls and an on-site property manager.
The building was constructed with the highest quality of materials including brick and fibre cement siding. Amenities include a fitness centre and an expansive rooftop patio offering views of the mountains and Riley Park.
Financing—free and clear.
Building highlights
- Excellent suite mix with 43% one-bedrooms, 44% two-bedrooms and 5 three-bedrooms
- Stainless-steel Samsung appliances
- Sleek quartz countertops with waterfall sides
- LED Lighting
- Mailbox and parcel delivery boxes
- Full-service fitness centre with exercise yard
- Common roof-top terrace featuring patio heaters, fireplace, lounge sofas, gas BBQ and dining area
- Common penthouse lounge with large kitchen area, TV lounge, games and book exchange
- Lobby features extensive stone and woodwork, with two fireplaces
- Enhanced building safety with key-fob access system
- 10’ ceilings on 1st & 6th floors
- 9’ ceilings on 2nd – 5th floors
Location
Victoria on 5th is located at the fringe of the vibrant inner-city village of Kensington, a bustling neighbourhood located just outside the downtown core. The village is popular for its restaurants, coffee shops and boutique retail shopping experiences located in a mix of modern and historic brick-façade buildings where many people live, work and play.
Situated just north of the Bow River, the property is centrally located amongst many key community amenities including Southern Albert Institute of Technology (15-minute walk), Foothills Medical Centre and the University of Calgary (7-minute drive).
The property is also within a 2-minute walk to the LRT train station, providing convenient access to throughout the rest of the city.
Suite mix
| No. units | Average size | Rent range | |
|---|---|---|---|
| 1 bed + 1 bath | No. units34 | Average size628 | Rent range$1,650–$2,250 |
| 1 bed + 1.5 bath | No. units1 | Average size720 | Rent range$2,250 |
| 2 bed + 2 bath | No. units36 | Average size910 | Rent range$2,250–$2,990 |
| 2 bed + 2.5 bath | No. units3 | Average size954 | Rent range$2,750–$2,900 |
| 3 bed + 2 bath | No. units3 | Average size1,141 | Rent range$3,150–$3,550 |
| 3 bed + 3 bath | No. units2 | Average size1,206 | Rent range$3,050–$3,100 |
Financials
| Financing | Treat as clear title. | |
|---|---|---|
| Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$2,259,180 Vacancy($67,775) Effective gross$2,191,405 Operating expenses($499,895) Net operating income$1,691,509 |
| Notes | Contact Mark Goodman for more information. | |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Manraj Dosanjh
manraj@goodmanreport.com
604 714 4778
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Manraj Dosanjh
manraj@goodmanreport.com
604 714 4778
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
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