Calgary · Downtown Commercial Core
622 5 Avenue SW
622 5 Avenue SW is a commercial property in Downtown Commercial Core, Calgary, built in 1978 on a 12,332 sq ft lot. The City of Calgary assessed it at $2,340,000 for 2026, -47.2% over 3 years.
$2,340,000
2026 assessed value
Change in assessed value
- 3 years-47.2%
- 5 years-61.6%
- 10 years-72.1%
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
- $2,830,000
- Year built
- 1978
- Lot size
- 12,332 sq ft
- Zoning
- CR20-C20/R20
- City use code
- C101
Permits (11)
- Commercial / multi family project (improvement)Building permit · Sep 2026 · est. $11,000,000 · in review · BP2026-17224
- Commercial / multi family project (improvement)Building permit · May 2026 · est. $11,000,000 · refused · BP2026-09632
- Signs - class 1: fascia signDevelopment permit · Dec 2012 · approved · DP2012-4966
- Interior AlterationBuilding permit · Jul 2012 · est. $1,500,000 · completed · BP2012-08123
- Exterior renovations and fascia signageDevelopment permit · Sep 2005 · approved · DP2005-2696
From the City of Calgary's open data, up to Oct 2026. The map lists every one. Costs are the applicant's estimate.
Along 5 Avenue SW
- 540 5 Avenue SW$14.50M
- 605 5 Avenue SW$34.70M
- 618 5 Avenue SW$69.20M
- 639 5 Avenue SW$18.75M
- 640 5 Avenue SW$16.50M
- 715 5 Avenue SW$34.20M
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.