4935 40 Avenue NW
4935 40 Avenue NW is a commercial property in Varsity, Calgary, built in 1978 on a 127,313 sq ft lot. The City of Calgary assessed it at $20,290,000 for 2026, -2.4% over 3 years.
$20,290,000
2026 assessed value
Change in assessed value
- 3 years-2.4%
- 5 years-9.7%
- 10 years-37.9%
- 20 years+39.5%
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.
Facts
- Kind of property
- Commercial property
- 2025 assessed value
- $19,700,000
- Year built
- 1978
- Lot size
- 127,313 sq ft
- Zoning
- C-COR2
- City use code
- C103
Building history
- 1978 · BuiltCity assessment records
- 2008 · Radio/tv tower builtBuilding permit
Years built from the City's assessment rolls (2020 on), and completed permits for new buildings and demolitions (1999 on). Where they disagree, both are shown.
Permits (80)
- Leasehold improvement - Post tensioning repairsBuilding permit · Jul 2026 · est. $200,000 · issued · BP2026-11557
- Group D OfficeBuilding permit · Feb 2026 · est. $63,910 · completed · BP2025-24272
- Exterior AlterationBuilding permit · Feb 2026 · est. $269,296 · issued · BP2025-21951
- Interior alteration - OfficeBuilding permit · Sep 2025 · est. $90,000 · completed · BP2025-14890
- Interior AlterationBuilding permit · Feb 2025 · est. $120,000 · completed · BP2024-26280
From the City of Calgary's open data, up to Oct 2026. The map lists every one. Costs are the applicant's estimate.
Along 40 Avenue NW
- 4924 40 Avenue NW$658K
- 4928 40 Avenue NW$662K
- 4932 40 Avenue NW$644K
- 4936 40 Avenue NW$692K
- 5008 40 Avenue NW$756K
- 5012 40 Avenue NW$706K
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.