4246 40 Avenue NW
4246 40 Avenue NW is a house in Varsity, Calgary, built in 1971 on a 3,688 sq ft lot. The City of Calgary assessed it at $496,500 for 2026, +34.7% over 3 years.
$496,500
2026 assessed value · about $3,300 a year in property tax
Change in assessed value
- 3 years+34.7%
- 5 years+54.0%
- 10 years+41.9%
- 20 years+144.6%
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 80 duplexes in Varsity
Valued above about 15% of duplexes in Varsity. The typical one is assessed at $571K; this one is 13% lower.
Similar homes nearby
- 4248 40 Avenue NW$491K · built 1971
- 4250 40 Avenue NW$503K · built 1971
- 4252 40 Avenue NW$503K · built 1971
- 4228 40 Avenue NW$487K · built 1968
- 4226 40 Avenue NW$486K · built 1968
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 $491K; this one is about the same.
Facts
- Kind of property
- House
- 2025 assessed value
- $516,500
- Year built
- 1971
- Lot size
- 3,688 sq ft
- Zoning
- R-C2,R-CG
- City use code
- R120
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)
- DeckBuilding permit · Aug 2012 · est. $2,727 · completed · BP2012-11797
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.