340 40 Avenue SW
340 40 Avenue SW is a house in Elbow Park, Calgary, built in 1945 on a 4,688 sq ft lot. The City of Calgary assessed it at $2,040,000 for 2026, +46.8% over 3 years.
$2,040,000
2026 assessed value · about $13,570 a year in property tax
Change in assessed value
- 3 years+46.8%
- 5 years+60.6%
- 10 years+35.1%
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
Valued above about 55% of detached houses in Elbow Park. The typical one is assessed at $1.87M; this one is 9% higher.
Similar homes nearby
- 308 40 Avenue SW$1.49M · built 1950
- 4210 5A Street SW$1.25M · built 1948
- 433 Riverdale Avenue SW$1.93M · built 1951
- 319 37 Avenue SW$1.63M · built 1949
- 4220 5A Street SW$1.30M · built 1950
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 $1.49M; this one is 37% higher.
Facts
- Kind of property
- House
- 2025 assessed value
- $1,870,000
- Year built
- 1945
- Lot size
- 4,688 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.
Permits (1)
- Addition to existing dwelling and new detached garage and side yard relaxation for existing dwellingDevelopment permit · Sep 1997 · approved, lapsed · DP1997-2249
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.