222 5 Avenue NE

222 5 Avenue NE is a condominium building with 24 units in Crescent Heights, Calgary, built in 1978 on a 14,999 sq ft lot. The City of Calgary assessed its typical unit at $225,500 for 2026, +26.8% over 3 years.

$225,500

Typical unit, 2026 assessed value · about $1,500 a year in property tax

See it on the 3D map

Change in assessed value

3 years+26.8%
5 years+30.0%
10 years-4.3%
20 years+58.1%

The change in the City's assessment of the same units, to 2026. Years before the building was finished or before a jump in its value are left out.

Compared with 1,012 low-rise condos in Crescent Heights

Valued above about 45% of low-rise condos in Crescent Heights. The typical one is assessed at $239K; this one is 6% lower.

Facts

Kind of property: Condominium building with 24 units
Whole property: $5,410,500
2025 assessed value: $221,250
Year built: 1978
Lot size: 14,999 sq ft
Zoning: M-CG
City use code: R201

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.

Permits (3)

Commercial / multi family project (improvement)Building permit · Sep 2015 · est. $3,280 · completed · BP2015-10772
Interior Partitioning To #207Building permit · May 2001 · est. $20,000 · completed · BP2001-05023
Change of useDevelopment permit · Jan 2001 · approved · DP2000-4048

From the City of Calgary's open data, up to Oct 2026. Costs are the applicant's estimate.

Along 5 Avenue NE

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.