116 40 Avenue NW
116 40 Avenue NW is a commercial property in Highland Park, Calgary, built in 1954 on a 15,953 sq ft lot. The City of Calgary assessed it at $2,160,000 for 2026, +0.5% over 3 years.
$2,160,000
2026 assessed value
Change in assessed value
- 3 years+0.5%
- 5 years+2.9%
The change in the City's assessment of the same property, to 2026. Years before the building was finished or before a jump in its value are left out.
Facts
- Kind of property
- Commercial property
- 2025 assessed value
- $2,200,000
- Year built
- 1954
- Lot size
- 15,953 sq ft
- Zoning
- C-N1
- City use code
- C211
Permits (16)
- Dairy Queen - vehicle impactBuilding permit · Mar 2026 · est. $4,943 · completed · BP2026-02515
- New: sign - class e (digital message SIGN)3 yearsDevelopment permit · Mar 2021 · approved · DP2021-0336
- New: sign - class b (fascia sign)Development permit · Jan 2021 · approved · DP2021-0335
- New tenant fit-out (Cannabis Retail)Building permit · Oct 2020 · est. $60,000 · completed · BP2020-13126
- Change of use: cannabis storeDevelopment permit · Sep 2019 · approved · DP2019-4171
From the City of Calgary's open data, up to Oct 2026. The map lists every one. Costs are the applicant's estimate.
Along 40 Avenue NW
- 128 40 Avenue NW$1.16M
- 130 40 Avenue NW$600K
- 134 40 Avenue NW$594K
From the City of Calgary's open assessment data. An assessment is the City's estimate of market value on July 1, 2025, for property tax; it is not a sale price. The map also shows building permits, legal suites and homes for sale or rent.