337 40 Avenue SW
337 40 Avenue SW is a house in Elbow Park, Calgary, built in 2017 on a 18,456 sq ft lot. The City of Calgary assessed it at $5,040,000 for 2026, +43.2% over 3 years.
$5,040,000
2026 assessed value · about $33,520 a year in property tax
Change in assessed value
- 3 years+43.2%
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 1,182 detached houses in Elbow Park
In the top tenth of detached houses in Elbow Park. The typical one is assessed at $1.87M; this one is 170% higher.
Similar homes nearby
- 313 40 Avenue SW$6.48M · built 2022
- 611 Sifton Boulevard SW$5.20M · built 2012
- 4209 Britannia Lane SW$4.63M · built 2015
- 714 Riverdale Avenue SW$4.22M · built 2009
- 701 Sifton Boulevard SW$4.43M · built 2012
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 $4.63M; this one is 9% higher.
Facts
- Kind of property
- House
- 2025 assessed value
- $4,940,000
- Year built
- 2017
- Lot size
- 18,456 sq ft
- Zoning
- R-C1,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
- 2017 · House demolishedBuilding permit
- 2017 · House builtCity assessment records and building 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 (11)
- Addition: single detached dwelling (main, 2ND and third floor - west side)Development permit · Oct 2021 · approved · DP2021-3332
- DeckBuilding permit · Apr 2021 · est. $2,496 · completed · BP2021-05600
- Change of use: single detached dwelling; relaxation: deck - within floodway setbackDevelopment permit · Nov 2020 · approved · DP2020-6251
- Change of use: single detached dwelling (floodway) - proposed deck in floodway setbackDevelopment permit · Jan 2020 · under appeal · DP2019-5600
- New house, basement development, fireplace, garage, deck, porchBuilding permit · Dec 2017 · est. $801,437 · 1 new home · completed · BP2017-15659
From the City of Calgary's open data, up to Oct 2026. The map lists every one. 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.