520 5 Street NE

520 5 Street NE is a condominium building with 10 units in Bridgeland/Riverside, Calgary, built in 1978 on a 8,004 sq ft lot. The City of Calgary assessed its typical unit at $243,000 for 2026, +34.3% over 3 years.

$243,000

Typical unit, 2026 assessed value · about $1,620 a year in property tax

See it on the 3D map

Change in assessed value

3 years+34.3%
5 years+36.9%
10 years+6.6%

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 731 low-rise condos in Bridgeland/Riverside

Valued above about 20% of low-rise condos in Bridgeland/Riverside. The typical one is assessed at $310K; this one is 21% lower.

Facts

Kind of property: Condominium building with 10 units
Whole property: $2,404,000
2025 assessed value: $255,500
Year built: 1978
Lot size: 8,004 sq ft
Zoning: M-C1
City use code: R202

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 (2)

Suite legalization.Building permit · Jun 2020 · est. $5,000 · completed · BP2020-01002
Revision: multi-residential development (increase to dwelling units)Development permit · Jan 2020 · approved · DP2019-0631

From the City of Calgary's open data, up to Oct 2026. Costs are the applicant's estimate.

Along 5 Street NE

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.