4037 42 Street NW
4037 42 Street NW is a condominium building with 87 units in Varsity, Calgary, built in 1979 on a 249,228 sq ft lot. The City of Calgary assessed its typical unit at $518,000 for 2026, +28.4% over 3 years.
$518,000
Typical unit, 2026 assessed value · about $3,440 a year in property tax
Change in assessed value
- 3 years+28.4%
- 5 years+37.6%
- 10 years+18.3%
The change in the City's assessment of the same units, to 2026. Years before the building was finished or before a jump in its value are left out.
Compared with 879 townhouses in Varsity
Valued above about 65% of townhouses in Varsity. The typical one is assessed at $466K; this one is 11% higher.
Facts
- Kind of property
- Condominium building with 87 units
- Whole property
- $46,431,000
- 2025 assessed value
- $558,000
- Year built
- 1979
- Lot size
- 249,228 sq ft
- Zoning
- M-C1
- City use code
- R402
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 (10)
- ImprovementsBuilding permit · Jun 2024 · est. $32,782 · completed · BP2024-08813
- ImprovementsBuilding permit · Oct 2020 · est. $30,000 · completed · BP2020-14037
- Retaining Walls at Shaganappi EstateBuilding permit · Jun 2018 · est. $16,000 · completed · BP2018-07384
- Changes to site plan: multi-residential development (retaining walls west portion of bldg N9 & N12)Development permit · Dec 2017 · approved · DP2017-5079
- Interior alteration - townhouseBuilding permit · Jun 2016 · est. $1,500 · completed · BP2016-06423
From the City of Calgary's open data, up to Oct 2026. The map lists every one. Costs are the applicant's estimate.
Along 42 Street NW
- 3720 42 Street NW$6.22M
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.