Calgary · Residual Ward 12 - Sub Area 12A
228 Initiative Avenue SE
228 Initiative Avenue SE is a commercial property in Residual Ward 12 - Sub Area 12A, Calgary, built in 2012 on a 1,749 sq ft lot. The City of Calgary assessed it at $431,000 for 2026, +17.4% over 3 years.
$431,000
2026 assessed value
Change in assessed value
- 3 years+17.4%
- 5 years+21.4%
- 10 years+33.4%
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
- Commercial property
- 2025 assessed value
- $400,000
- Year built
- 2012
- Lot size
- 1,749 sq ft
- Zoning
- DC
- City use code
- I101
Permits (3)
- Interior alterations - AUTO LOUNGEBuilding permit · Apr 2025 · refused · BP2025-07934
- Change of use: automotive repair, restoration and/ or storage, sales, service and rentals ancillary to foregoing usesDevelopment permit · Jan 2025 · approved · DP2024-08288
- Interior Mechanical AlterationsBuilding permit · Apr 2018 · est. $3,000 · completed · BP2018-03193
From the City of Calgary's open data, up to Oct 2026. Costs are the applicant's estimate.
Along Initiative Avenue SE
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.