Calgary · Downtown Commercial Core
240 4 Avenue SW
240 4 Avenue SW is a commercial property in Downtown Commercial Core, Calgary, built in 1985 on a 44,629 sq ft lot. The City of Calgary assessed it at $58,300,000 for 2026, -18.9% over 3 years.
$58,300,000
2026 assessed value
Change in assessed value
- 3 years-18.9%
- 5 years-38.6%
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
- $63,540,000
- Year built
- 1985
- Lot size
- 44,629 sq ft
- Zoning
- CR20-C20/R20
- City use code
- C101
Building history
- 1985 · BuiltCity assessment records
- 2007 · Office 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 (217)
- Exterior AlterationsBuilding permit · Aug 2026 · est. $88,000 · issued · BP2026-11796
- Group D Office 3.2.2.56.Building permit · Jul 2026 · est. $8,000 · issued · BP2026-11488
- Interior Alteration - 8 th Floor WhiteboxBuilding permit · Apr 2026 · est. $600,000 · issued · BP2026-04560
- Interior AlterationsBuilding permit · Apr 2026 · est. $225,000 · completed · BP2026-04553
- Leasehold improvementBuilding permit · Apr 2026 · est. $250,000 · completed · BP2026-04552
From the City of Calgary's open data, up to Oct 2026. The map lists every one. Costs are the applicant's estimate.
Along 4 Avenue SW
- 140 4 Avenue SW$88.00M
- 202 4 Avenue SW$12.60M
- 220 4 Avenue SW$67.91M
- 308 4 Avenue SW$226.00M
- 320 4 Avenue SW$68.57M
- 400 4 Avenue SW$57.80M
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.