4223 40 Street NW
4223 40 Street NW is a house in Varsity, Calgary, built in 1965 on a 6,322 sq ft lot. The City of Calgary assessed it at $950,500 for 2026, +32.7% over 3 years.
$950,500
2026 assessed value · about $6,320 a year in property tax
Change in assessed value
- 3 years+32.7%
- 5 years+108.2%
- 10 years+106.0%
- 20 years+250.7%
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 2,599 detached houses in Varsity
Valued above about 50% of detached houses in Varsity. The typical one is assessed at $944K; this one is about the same.
Similar homes nearby
- 4219 40 Street NW$779K · built 1964
- 4227 40 Street NW$759K · built 1965
- 4215 40 Street NW$816K · built 1965
- 4231 40 Street NW$704K · built 1965
- 4227 Vauxhall Crescent NW$879K · built 1964
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 $779K; this one is 22% higher.
Facts
- Kind of property
- House
- 2025 assessed value
- $931,000
- Year built
- 1965
- Lot size
- 6,322 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, Jan 2022.
Permits (3)
- Relaxation: accessory residential building (existing pergola) - separation from main residential buildingDevelopment permit · Mar 2022 · approved · DP2022-01606
- Secondary SuiteBuilding permit · Jun 2020 · est. $7,000 · completed · BP2020-07923
- New: secondary suite (existing basement)Development permit · Aug 2019 · approved · DP2019-3237
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.