1217 Centre Street NW, Crescent Heights, Calgary

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$3,500,000
1217 Centre Street NW, Calgary T2E 2R3
Crescent Heights
NewMLS® A2349331· 3 days on market
—
Bedrooms
—
Bathrooms
—
Sq ft
1978
Year built
$78,185
Property tax (2026)
16,117
Lot sq ft
CalgaryListings Insight
This home at 1217 Centre Street NW, built in 1978. It is located in the community of Crescent Heights. Before writing, ask how this property compares with nearby active and recently sold options. This one is new to market, so showing access and offer timing may matter. MLS® A2349331.

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About this property

An exceptional opportunity to acquire a well-positioned, income-producing commercial asset in Calgary’s established Crescent Heights community. The Hala Building offers prominent Centre Street exposure, a strong multi-tenant profile and an extensive parking offering that includes heated underground parking and surface stalls. The property is home to a diverse mix of established professional and service-oriented tenants, creating a balanced commercial environment and a solid foundation for an investor seeking ongoing income. The location is a significant component of the asset. Situated along Centre Street in Crescent Heights, the property benefits from excellent visibility, strong vehicle and pedestrian exposure, convenient transit access and immediate proximity to Calgary’s downtown core. The surrounding area combines established residential neighbourhoods with a growing mix of professional services, retail, restaurants and amenities, providing a strong tenant base and convenient accessibility. With income-producing tenancy, substantial parking, prominent exposure and an opportunity to further enhance the asset through lease-up, the Hala Building represents a compelling commercial investment opportunity in one of Calgary’s established inner-city corridors.
Property Taxes
$78,185.27/yr (2026)

Listing Information

MLS® NumberA2349331
StatusActive
List Price$3, 500, 000
Days on Market3 days
OccupancyTenant

Property Details

Property TypeOffice
Architectural StyleOther
ZoningC-COR1
Year Built1978

Exterior & Parking

Total Parking30

Site & Lot

Lot Size16, 117 sq ft
Lot Acres0.37 acres
Legal Description3946N

Inclusions

As is.

Property History

1217 Centre Street NW has been listed 4 times before — see each asking price, what happened, and any sold prices.

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What did similar homes here actually sell for?

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Where this price sits in Crescent Heights

Asking $3,500,000. That is about 872% above the $360,000 median sale price for homes of all types in Crescent Heights over October 2025 – September 2026, across 137 recorded sales. Those sales took 43 days on the market on average. Across all home types, sellers in Crescent Heights got 90.0% of their asking price on average and the community was carrying 4.6 months of supply.

Aggregate MLS® statistics from our own published dataset (community medians, methodology). Medians are not adjusted for size, age or condition, and individual sold prices stay members-only under Alberta VOW rules.

Schools near this home

  • Stanley Jones SchoolPublic (CBE) · Elementary/Junior High · 998 m · about 4 mins by carSchool website
  • Crescent Heights High SchoolPublic (CBE) · Senior High · 1.1 km · about 4 mins by carSchool website
  • Rosedale SchoolPublic (CBE) · Elementary/Junior High · 2.0 km · about 7 mins by carSchool website
  • St. Angela SchoolCatholic (CCSD) · about 3 mins by carSchool website
  • Riverside SchoolPublic (CBE) · about 4 mins by carSchool website
  • SAIT PolytechnicPost-Secondary · about 8 mins by carSchool website

Distances and drive times are measured from the centre of Crescent Heights, not from this address. Designation depends on address, grade, program and capacity and changes from year to year — check the CBE or Calgary Catholic finder before you buy.

Commute from Crescent Heights

DestinationBy carBy transit
Downtown Calgary9 mins19 mins
University of Calgary15 mins42 mins
Foothills Medical Centre14 mins37 mins
Mount Royal University16 mins38 mins
Calgary International Airport17 mins49 mins
Westside Recreation Centre26 mins43 mins

Off-peak estimates measured from the centre of Crescent Heights, not from this address. Live traffic varies.

Who lives in Crescent Heights

  • 6,240Population
  • 1.8Average household size
  • 40%Owner-occupied households
  • $72KMedian household income
  • 10%Residents aged 0–14

2021 Census of Canada, via the City of Calgary community profile — long-term neighbourhood context, not current market activity. Full Crescent Heights census profile →

Questions about this home

How much is 1217 Centre Street NW?

1217 Centre Street NW in Crescent Heights is listed for sale at $3,500,000. It has been on the market 3 days.

Is 1217 Centre Street NW priced above or below the Crescent Heights market?

Its $3,500,000 asking price is about 872% above the $360,000 median sale price for homes of all types in Crescent Heights (October 2025 – September 2026, 137 sales). Medians are not adjusted for size, age or condition.

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