501 40 Avenue NW
501 40 Avenue NW is an apartment building in Queens Park Village, Calgary, built in 1978 on a 288,407 sq ft lot. The City of Calgary assessed it at $48,200,000 for 2026, +43.2% over 3 years.
$48,200,000
2026 assessed value
Change in assessed value
- 3 years+43.2%
- 5 years+80.9%
- 10 years+21.5%
- 20 years+169.6%
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.
Facts
- Kind of property
- Apartment building
- 2025 assessed value
- $42,860,000
- Year built
- 1978
- Lot size
- 288,407 sq ft
- Zoning
- M-C1
- City use code
- X062
Permits (7)
- Exterior AlterationBuilding permit · Apr 2013 · est. $460,000 · completed · BP2013-02661
- RepairBuilding permit · Jun 2012 · est. $425,251 · completed · BP2012-07716
- Repair after fireBuilding permit · Apr 2007 · est. $52,286 · completed · BP2007-04889
- Home occupation - (class 1) office for furniture assembly and delivery companyDevelopment permit · Sep 1994 · approved, lapsed · DP1994-3362
- Home occupation - (class 1) freelance photographerDevelopment permit · Aug 1994 · approved, lapsed · DP1994-3075
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
- 360 40 Avenue NW$2.30M
- 400 40 Avenue NW$17.81M
- 405 40 Avenue NW$1K
- 512 40 Avenue NW$651K
- 516 40 Avenue NW$591K
- 520 40 Avenue NW$608K
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.