Calgary · East Shepard Industrial
11979 40 Street SE
11979 40 Street SE is a commercial property in East Shepard Industrial, Calgary, built in 2003 on a 187,351 sq ft lot. The City of Calgary assessed it at $14,260,000 for 2026, +18.1% over 3 years.
$14,260,000
2026 assessed value
Change in assessed value
- 3 years+18.1%
- 5 years+15.4%
- 10 years+17.9%
- 20 years+144.6%
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
- $13,850,000
- Year built
- 2003
- Lot size
- 187,351 sq ft
- Zoning
- I-G
- City use code
- I104
Building history
- 2003 · Warehouse/office builtCity assessment records and building permit
- 2009 · Restaurant/drinking establishment builtBuilding permit
Years built from the City's assessment rolls (2020 on), and completed permits for new buildings and demolitions (1999 on). Where they disagree, both are shown.
Permits (53)
- Interior alterations - ROBUST ENGINEERING SERVICES LTD.Building permit · Jun 2026 · completed · BP2026-06400
- Change of use: instructional facilityDevelopment permit · Jul 2024 · approved · DP2024-04953
- Interior alterationBuilding permit · Apr 2024 · est. $1,000 · completed · BP2024-03007
- Existing Tenant alteration (KEO Science).Building permit · Oct 2020 · est. $140,000 · completed · BP2020-13243
- New demising wall.Building permit · Dec 2019 · est. $15,000 · completed · BP2019-15844
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 Street SE
- 11800 40 Street SE$3.71M
- 11807 40 Street SE$5.06M
- 11929 40 Street SE$6.30M
- 12110 40 Street SE$4.90M
- 12111 40 Street SE$12.58M
- 12138 40 Street SE$4.81M
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.