1240 16 Avenue NW
1240 16 Avenue NW is an apartment building in Capitol Hill, Calgary, built in 1968 on a 5,928 sq ft lot. The City of Calgary assessed it at $3,180,000 for 2026, +25.2% over 3 years.
$3,180,000
2026 assessed value
Change in assessed value
- 3 years+25.2%
- 5 years+57.4%
- 10 years+47.2%
- 20 years+154.4%
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
- Apartment building
- 2025 assessed value
- $2,730,000
- Year built
- 1968
- Lot size
- 5,928 sq ft
- Zoning
- C-COR1
- City use code
- R520
Permits (22)
- Temporary use: sign - class f (third party advertising sign - 5 years)Development permit · Jan 2026 · approved · DP2026-00164
- Temporary use: sign - class f (third party advertising sign -5 years )Development permit · Sep 2020 · approved · DP2020-5647
- Group D Gaming CafeBuilding permit · Feb 2019 · est. $11,500 · completed · BP2019-00916
- Change of use: computer games facility, accessory food serviceDevelopment permit · Dec 2018 · approved · DP2018-5230
- Group E MercantileBuilding permit · Apr 2018 · est. $1,200 · completed · BP2018-03353
From the City of Calgary's open data, up to Oct 2026. The map lists every one. Costs are the applicant's estimate.
Along 16 Avenue NW
- 1222 16 Avenue NW$3.45M
- 1222 16 Avenue NW$3.45M
- 1236 16 Avenue NW$614K
- 1301 16 Avenue NW$667.88M
- 1320 16 Avenue NW$2.68M
- 1324 16 Avenue NW$2.56M
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.