374 Somerset Drive SW
374 Somerset Drive SW is a house in Somerset, Calgary, built in 2002 on a 5,960 sq ft lot. The City of Calgary assessed it at $687,000 for 2026, +28.2% over 3 years.
$687,000
2026 assessed value · about $4,570 a year in property tax
Change in assessed value
- 3 years+28.2%
- 5 years+62.0%
- 10 years+55.1%
- 20 years+162.2%
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 2,176 detached houses in Somerset
Valued above about 85% of detached houses in Somerset. The typical one is assessed at $616K; this one is 12% higher.
Similar homes nearby
- 370 Somerset Drive SW$586K · built 2002
- 6 Somerside Crescent SW$658K · built 2002
- 366 Somerset Drive SW$679K · built 2002
- 598 Somerset Drive SW$575K · built 2002
- 10 Somerside Crescent SW$664K · built 2002
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 $658K; this one is 4% higher.
Facts
- Kind of property
- House
- 2025 assessed value
- $671,500
- Year built
- 2002
- Lot size
- 5,960 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.
Legal secondary suite
On the City of Calgary's secondary suite registry: approved and inspected, May 2019.
Permits (3)
- Secondary SuiteBuilding permit · Dec 2018 · est. $15,000 · completed · BP2018-15066
- New: secondary suite (basement)Development permit · Nov 2018 · approved · DP2018-4939
- New house, basement development, fireplace, garage, deck, porchBuilding permit · Jul 2002 · est. $110,422 · 1 new home · completed · BP2002-07971
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.