Calgary · Downtown Commercial Core
118 5 Avenue SE
118 5 Avenue SE is a commercial property in Downtown Commercial Core, Calgary, built in 1950 on a 9,111 sq ft lot. The City of Calgary assessed it at $1,950,000 for 2026, -24.7% over 3 years.
$1,950,000
2026 assessed value
Change in assessed value
- 3 years-24.7%
- 5 years-23.8%
- 10 years-65.1%
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
- $2,450,000
- Year built
- 1950
- Lot size
- 9,111 sq ft
- Zoning
- CR20-C20/R20
- City use code
- C202
Permits (21)
- Fire alarm panel replacementBuilding permit · Aug 2024 · est. $3,500 · completed · BP2024-17674
- 118 5 Ave Restaurant - interior alterationBuilding permit · Feb 2021 · est. $15,000 · completed · BP2020-17304
- Interior Alteration - Paranoia Nightclub/SheshaBuilding permit · Jan 2019 · est. $500 · completed · BP2019-00484
- Change of use: night clubDevelopment permit · Dec 2018 · approved · DP2018-5401
- Change of use: night clubDevelopment permit · Aug 2016 · approved · DP2016-2639
From the City of Calgary's open data, up to Oct 2026. The map lists every one. Costs are the applicant's estimate.
Along 5 Avenue SE
- 114 5 Avenue SE$1.50M
- 149 5 Avenue SE$1.58M
- 230 5 Avenue SE$46.82M
- 320 5 Avenue SE$24.73M
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.