1502 48 Street SE
1502 48 Street SE is a house in Forest Lawn, Calgary, built in 1959 on a 6,399 sq ft lot. The City of Calgary assessed it at $523,000 for 2026, +46.3% over 3 years.
$523,000
2026 assessed value · about $3,480 a year in property tax
Change in assessed value
- 3 years+46.3%
- 5 years+89.8%
- 10 years+65.0%
- 20 years+197.2%
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.
Compared with 1,312 detached houses in Forest Lawn
Valued above about 85% of detached houses in Forest Lawn. The typical one is assessed at $474K; this one is 10% higher.
Similar homes nearby
- 1508 48 Street SE$461K · built 1959
- 1512 48 Street SE$465K · built 1959
- 1516 48 Street SE$464K · built 1959
- 4921 14 Avenue SE$499K · built 1962
- 1507 49 Street SE$469K · built 1962
The closest homes of the same kind, built within 8 years of this one and on a lot within 30% of its size. Their middle value is $465K; this one is 13% higher.
Facts
- Kind of property
- House
- 2025 assessed value
- $517,000
- Year built
- 1959
- Lot size
- 6,399 sq ft
- Zoning
- R-CG
- City use code
- R110
Think this value is wrong?
The City of Calgary mails assessment notices each January. During the review period that follows you can ask the City's assessors to look again, and by the deadline printed on your notice you can file a complaint with the Assessment Review Board. Values of similar homes nearby, like the ones above, are the usual starting point. Details are on calgary.ca under property assessment.
Building history
- 1959 · BuiltCity assessment records
- 2026 · Building demolishedBuilding 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.
Legal secondary suite
On the City of Calgary's secondary suite registry: approved and inspected, Dec 2025.
Permits (3)
- 4 Unit 2 Stories RowhouseBuilding permit · Sep 2026 · est. $1,293,639 · 4 new homes · issued · BP2026-12523
- Demolition (demolition)Building permit · May 2026 · completed · BP2026-08906
- Secondary SuiteBuilding permit · Mar 2025 · completed · BP2025-03703
From the City of Calgary's open data, up to Oct 2026. Costs are the applicant's estimate.
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.