407 2 St SW
Office · high-rise office building · built 1974 · 407 2 St SW
407 2 St SW is a 74.8 m high-rise office building in Downtown Commercial Core, Calgary, recorded on the City assessment roll as built in 1974. Its main structure is the 62nd tallest office roof of the 775 ranked in this record, and 50th of 119 in Downtown Commercial Core. The City assesses the parcel at $15.9M on the 2026 roll, 128th of 822 sites in the record by assessed value. A Plus 15 walkway touches the parcel. The nearest CTrain platform is 3rd Street SW, 298 m away in a straight line. 2,074 scheduled transit trips call within 300 m of the parcel on a weekday. Since 2012 the City has recorded 86 building permits and 1 development permit on the parcel, the largest a $700,000 office permit for alteration, applied for in 2021.
- Civic address
- 407 2 St SW, Calgary, AB
- Community
- Downtown Commercial Core (DNC)
- City sub-property use
- C101 Office · all Office sites
- Land use district
- CR20-C20/R20 — Commercial - Residential Core (Commercial - Core)
- Height rank
- #62 of 785 citywide · #50 of 111 in Downtown Commercial Core
- Footprint to parcel
- 93% of the parcel under LiDAR footprints
- Parcel pieces
- 1 titled piece · roll 068051507
- Coordinates
- 51.0492, -114.068135
Slav Loban and the Commercially × Real Broker team give Calgary commercial owners a confidential pricing opinion based on the public record shown on this page: assessment history, permits, land use and the surrounding market. It is a broker’s opinion of value, not a formal appraisal. You do not need to be ready to list to start the conversation.
Massing and site plan
Left: isometric massing of every LiDAR structure on the parcel, at true scale, viewed from the south-west with 3.9 m storey lines. Right: plan of the parcel with surrounding footprints, Plus 15 walkways and nearby stations. Open this building in the 3D city →
How it compares
Roof height against the Downtown Commercial Core median and tallest, and against the city.
Access
Public-geometry tests only; confirm routes, entrances and hours with the building.
CTrain
Nearest station: 3rd Street SW, 298 m straight-line (route 201/202). Planned Green Line station 7 Avenue SW is 233 m away (Downtown Segment, per the City’s Green Line map).
Plus 15
The City’s Plus 15 walkway geometry touches this parcel; the plan above shows the connected segments in lime. Confirm access points, hours and the interior route with the building.
Cycling
The best-rated cycling facility within 400 m of the parcel is a protected lane (Cycle Track), 366 m away.
Winter access
The parcel fronts a Priority 1 snow and ice clearing route, 11 m from its edge. Priority 1 routes are cleared first after a snowfall.
Accessible crossing
The nearest accessible pedestrian signal is at 4 Avenue and 3 Street, 143 m from the parcel. The closest signalised crossing, 4 Avenue and 2 Street at 43 m, has no accessible signal recorded.
Straight-line tests against The City of Calgary Calgary Bikeways, Snow and Ice Clearing Priority Routes and Traffic Signals, retrieved 2026-09-24. Bikeways are ranked by the City's comfort level, where 1 is a protected lane and 4 a major street. Snow priority is a clearing order, not a clearing time. An accessible pedestrian signal gives audible and tactile crossing cues; a signal recorded as unknown is not counted as having none.
Transit service
Scheduled Calgary Transit service at the door, not only the distance to a platform.
2,074 scheduled transit trips call within 300 m of this parcel on a representative weekday, 291 of them between 07:00 and 09:00, across 31 routes and 26 stops. The closest stop is WB 4 AV SW @ 2 ST SW, 59 m away.
| Service class | Trips on the service day |
|---|---|
| REGULAR | 1,275 |
| MAX | 374 |
| LRT | 336 |
| BRT | 62 |
| EXPRESS | 27 |
Routes: 1 Bowness/Forest Lawn · 2 Mount Pleasant/Killarney 17 Av SW · 3 Sandstone/Elbow Dr SW · 4 Huntington · 5 North Haven · 6 Killarney/26 Av SW · 7 Marda Loop · 10 City Hall/Southcentre · 13 Altadore · 15 Deerfoot Meadows · 17 Renfrew/Ramsay · 22 Richmond Rd SW · 24 Ogden · 62 Hidden Valley · 64 MacEwan · 66 Lakeview · 90 Bridgeland/University of Calgary · 101 Inglewood · 109 Harvest Hills · 116 Coventry Hills · 117 McKenzie Towne Express · 131 East Bow Express · 142 Panorama · 151 New Brighton Express · 201 Red Line - Somerset - Bridlewood/Tuscany CTrain · 202 Blue Line - Saddletowne/69 Street CTrain · 302 BRT Southeast/City Centre · 500 Airport Express · 503 Symons Valley Express · MG MAX Green North Pointe/ City Centre · MY MAX Yellow Woodpark/City Centre.
Calgary Transit Scheduling Data (GTFS), service day 2026-09-28 inside the 2026-09-15 to 2026-12-20 service period. A trip is counted once however many stops it calls at inside the radius. Schedules change each service period; this is the schedule, not observed service.
Parking
What the City’s own tariff record says about kerbside parking beside this parcel.
Paid on-street parking within 200 m
338 metered stalls across 52 City parking zones touching this walking radius, at $1.00 to $4.50 per hour depending on zone and time of day. Maximum stay 20 to 120 minutes. Tariff zones 4a, 5.
Enforced 0710-1750 MON-FRI, 0910-1750 SAT; 0710-1750 MON-FRI,0910-1750 SAT; 0840-1520 MON-FRI, 0910-1750 SAT; 0910-1750 MON-SAT.
Closest zone
4 Av SW, Fr 2 St Sw To 3 St SW — 4 m from the parcel, 6 parallel stalls, tariff zone 4a, 120-minute maximum.
| When | Rate |
|---|---|
| Mon-Fri 8:30 AM to 11:00 AM | $3.75 per Hour |
| Mon-Fri 11:00 AM to 1:30 PM | $4.50 per Hour |
| Mon-Fri 1:30 PM to 3:30 PM | $3.75 per Hour |
| No Parking at this time | See Street Signs |
| Saturday: 9:00 AM to 6:00 PM | $1.00 per Hour |
| Sunday/Holidays: | Free parking |
| Free parking to 7 AM Mon-Fri | See Signs /Parking Restrictions |
The City of Calgary On-Street Parking Zones with Rates, retrieved 2026-09-24. Counts cover Active paid parking zones only: loading bays, taxi stands, accessible stalls and permit-only zones are excluded, and off-street parkades are not in this dataset. Tariffs and enforcement hours change; confirm on the sign.
Assessment history
Assessed values are The City of Calgary’s taxation figures by roll year, not sale prices or rents; Alberta does not publish transaction prices.
Roll 068051507 · Office
Series not charted. The City’s published values for this roll number change by more than half or double between years, which usually signals a re-numbered, split or partially assessed account rather than a market movement. The published figures are listed below without a trend claim.
Published values by roll year
| Roll year | Assessed value | Change |
|---|---|---|
| 2005 | $27.7M | — |
| 2006 | $34.4M | 23.9% |
| 2007 | $49.3M | 43.3% |
| 2008 | $59.8M | 21.5% |
| 2009 | $73.7M | 23.2% |
| 2010 | $59.7M | -19.1% |
| 2011 | $29.6M | -50.4% |
| 2012 | $44.6M | 50.6% |
| 2013 | $82.8M | 85.8% |
| 2014 | $94.6M | 14.1% |
| 2015 | $93.7M | -0.9% |
| 2016 | $53.2M | -43.2% |
| 2017 | $30.5M | -42.7% |
| 2018 | $24.3M | -20.4% |
| 2019 | $17.7M | -27.2% |
| 2020 | $15.3M | -13.7% |
| 2021 | $12.9M | -15.1% |
| 2022 | $8.6M | -33.4% |
| 2023 | $8.6M | 0.0% |
| 2024 | $8.1M | -6.1% |
| 2025 | $17.7M | 118.8% |
| 2026 | $15.9M | -10.1% |
Development and building permits
Applications the City has located on this parcel since 2012, from the Development Permits and Building Permits datasets.
Recent development permits 1 since 2012
| Applied | Permit | Category · description | Status |
|---|---|---|---|
| 2019-10-18 | DP2019-5420 | Signs - Permitted Use NEW: SIGN - CLASS B (FASCIA SIGNS - 3) | Released Approval |
Recent building permits 86 since 2012 · 80 in the City’s office class
| Applied | Permit | Class · work | Est. cost | Status |
|---|---|---|---|---|
| 2026-09-03 | BP2026-16889 | 3402 - Office · Fire/ Security Alarm Fire alarm alterations | $5,000 | Hold - Pending Plans Review |
| 2026-02-26 | BP2026-02951 | 3402 - Office · Fire/ Security Alarm Fire Alarm | $40,000 | Issued Permit |
| 2026-01-16 | BP2026-00697 | 3402 - Office · Alteration Interior alterations | $128,336 | Completed |
| 2025-08-26 | BP2025-16606 | 3402 - Office · Alteration Interior altarations | $25,000 | Completed |
| 2025-05-09 | BP2025-08678 | 3402 - Office · Alteration Interior Alteration | $35,000 | Completed |
| 2024-05-17 | BP2024-09513 | 3402 - Office · Alteration Interior Alteration - Office Renovation | $16,354 | Completed |
| 2024-01-02 | BP2024-00018 | 3402 - Office · Alteration Interior Alterations | $420,000 | Completed |
| 2023-12-08 | BP2023-21149 | 3402 - Office · Alteration Interior Alterations | $110,000 | Completed |
Declared estimated project cost across all 86 non-residential building permits on the parcel since 2012: $8.8M. Permit descriptions are the City’s records at retrieval; applicant and contractor names are not reproduced.
Inspections
What City inspectors recorded against the permits on this parcel.
249 inspection results are published against 73 of the 86 building permits on this parcel, from 2012-07-19 to 2026-05-14. The most recent occupancy inspection was accepted on 2019-12-04. 26 inspections used a life-safety checklist and 2 a barrier-free checklist.
What was inspected
Result of each visit
| Outcome | Inspections |
|---|---|
| Acceptable Add Inspection | 110 |
| Acceptable | 74 |
| Acceptable with Conditions | 48 |
| Not Acceptable | 17 |
Stage
| Inspection type | Count |
|---|---|
| Progress | 120 |
| Final | 101 |
| Framing | 24 |
| Occupancy | 4 |
The 14 most recent inspection results
| Date | Permit | Stage | Checklist | Outcome | Inspector note |
|---|---|---|---|---|---|
| 2026-05-14 | BP2026-00697 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2026-05-14 | BP2026-00697 | Progress | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2025-12-18 | BP2025-16606 | Progress | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2025-12-18 | BP2025-16606 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2025-10-09 | BP2025-08678 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2025-09-18 | BP2025-08678 | Progress | All Directives | Acceptable with Conditions | No infractions noted. Call for Final Inspection next. Progress inspection for a small renovation to an existing tenant space. All work being done is cosmetic and does not require trade permits. Call for a final inspection once the scope of work is completed. ACCEPTABLE WITH CONDITIONS outcome given. |
| 2024-09-26 | BP2024-09513 | Progress | All Directives | Acceptable with Conditions | Inspections can be booked at inspections.calgary.ca - Install exit sign, call for final inspection when ready. |
| 2024-09-26 | BP2024-09513 | Progress | NBC AE 3.4. Exits | Acceptable with Conditions | NBC AE Division B 3.4.5.1. Exit Signs - Exit sign to be installed above relocated door. |
| 2024-03-19 | BP2023-21149 | Final | Emergency Lighting and Exit Signs | Acceptable | *3.4.5.1. Exit sign to be visible on approach to the exit move and re-direct rear exit sign in direction of exit |
| 2024-03-19 | BP2023-21149 | Final | Directives | Acceptable | Correct Noted Infractions- No Further BLDG Inspect Required file closed. |
| 2024-03-13 | BP2024-00018 | Final | Emergency Lighting and Exit Signs | Acceptable | *3.4.5.1. Exit sign is to be a green pictogram - Swap one sided exit sign for double sided as reviewed. |
| 2024-03-13 | BP2024-00018 | Final | Directives | Acceptable | Contractor to complete items, then may continue - Ok to proceed. Correct deficiency, no further building inspection required. |
| 2024-03-06 | BP2023-21149 | Final | Documents Commercial | Not Acceptable | Fire Alarm Verification Required: - Provide fire alarm VI for any modifications to system. |
| 2024-03-06 | BP2023-21149 | Final | Documents Commercial | Not Acceptable | Sprinkler Verification Required: - Provide sprinkler verification for any modifications to sprinkler system. |
An inspection result is a record of one visit, not a verdict on the building. 17 of these 249 results are recorded as Not Acceptable. In the City's process a Not Acceptable result is an ordinary step: the inspector lists what must change and the work is re-inspected, which is why the most common outcome across the record is Acceptable Add Inspection. Most results relate to a single tenant improvement rather than the whole building. Inspector notes are The City of Calgary's own text at retrieval, with contact details removed; applicant and contractor names are never read.
The City of Calgary Building Inspections Results, joined to building permits by permit number, retrieved 2026-09-24.
Occupiers and licensed businesses
The public record of who operates on the parcel, labelled by source.
Businesses licensed by the City on this parcel 4 as of 2026-09-24
| Licensed business | Address | Licence type | Status | Licensed since |
|---|---|---|---|---|
| Berlitz Canada | 407 2 St SW | School (Prov. Not Required) | Licensed | 2024 |
| Marubeni-Itochu Tubulars Canada | 407 2 St SW | Wholesaler | Licensed | 2024 |
| Site Resource Group | 407 2 St SW | Contractor (No Provincial Licence Required) | Licensed | 2024 |
| Trimark Tubulars | 407 2 St SW | Wholesaler | Licensed | 2024 |
Not a tenant roster. The City licenses specific business types (retail, food service, personal services, contractors, wholesalers, schools and similar). Most office occupiers such as professional firms need no municipal licence and do not appear here. Matched by civic address and by licence location inside the parcel; home-based licences are excluded.
No individuals are named. The City issues many personal-service licences to people trading under their own name. Suite numbers are never published, and where a licence reads as an individual rather than an organisation the name is withheld and only the licence category is shown. Names of sources this site does not use are omitted.
Nearby office buildings
The six nearest office building sites in the record, by straight-line distance between parcel centroids.
- Jamieson Place308 4 Ave SW
- Alberta Wheat Pool Building505 2 St SW
- Bow Valley Square250 6 Ave SW
Where this building sits in the record
Every collection this building belongs to, from the same public data shown above.
407 2 St SW questions
Answers drawn from the record.
How tall is 407 2 St SW?
The main structure on the parcel has a LiDAR roof height of 74.8 m in The City of Calgary’s 3D building data, a storey-equivalent of about 19 at 3.9 m per storey.
When was 407 2 St SW built?
The City’s assessment roll records 1974 as the year of construction.
What is the assessed value of 407 2 St SW?
The City of Calgary assesses this parcel at $15.9M in total on the 2026 roll, 128th of 822 sites in this record. Assessed value is the City’s figure for property tax, not a sale price or an asking price.
What is 407 2 St SW zoned?
The parcel is designated CR20-C20/R20, Commercial - Residential Core, under the City of Calgary Land Use Bylaw. Confirm the designation and any amendments with the City before relying on it.
Which CTrain station is closest to 407 2 St SW?
3rd Street SW Station, 298 m in a straight line from the parcel centroid.
Who is in 407 2 St SW?
The City of Calgary business licence register lists 4 licensed businesses at this address or inside the parcel as of 2026-09-24, shown in the occupiers section. Most office occupiers such as professional firms do not need a municipal licence, so the register is not a tenant roster.
Has 407 2 St SW been inspected?
The City publishes 249 inspection results against 73 permits here, between 2012-07-19 and 2026-05-14. 26 used a life-safety checklist such as fire separations, firestopping or emergency lighting. 2 used the barrier-free checklist. The most recent occupancy inspection was accepted on 2019-12-04. Each result records one visit and most relate to a single tenant improvement, so this is not a verdict on the building.
How good is transit at 407 2 St SW?
2,074 scheduled transit trips call within 300 m of the parcel on a representative weekday, 291 of them in the morning peak, across 31 routes. The closest stop is WB 4 AV SW @ 2 ST SW, 59 m away. That is the published schedule for one service period, not observed service, and it counts each trip once however many stops it makes nearby.
Can staff cycle or get there in winter at 407 2 St SW?
The best-rated cycling facility within 400 m is a protected lane, 366 m away. The parcel fronts a Priority 1 snow and ice clearing route. These are straight-line tests against City layers.
Where can visitors park at 407 2 St SW?
The City of Calgary's tariff record shows 338 paid on-street stalls in 52 zones within 200 m of the parcel, at $1.00 to $4.50 per hour. The closest is 4 Av SW, Fr 2 St Sw To 3 St SW, 4 m away. Loading bays, taxi stands, accessible stalls and off-street parkades are not counted, and rates change, so confirm on the sign.
Is office space available at 407 2 St SW?
This profile is built from public records and does not track availability, rents or tenancy. Submit a private requirement and current options in the building or nearby will be confirmed through Commercially.
Public record sources: Current Year Property Assessments (Parcel), Historical Property Assessments (Parcel), Assessment Subproperty Use Codes, 3D Buildings - Citywide (LiDAR roof outlines), Land Use Districts, Transit LRT Stations, Green Line Stations, Plus 15, Historic Resource (Inventory of Evaluated Historic Resources), Development Permits, Building Permits, Calgary Existing Buildings - Performance Metrics (BenchmarkYYC), Calgary Business Licenses, On-Street Parking Zones with Rates, Building Inspections Results, Residential Parking Zones, Snow and Ice Clearing Priority Routes, Traffic Signals, Calgary Bikeways — The City of Calgary, retrieved 2026-09-24. Contains information licensed under the Open Government Licence – City of Calgary. Building names, floor counts and architects, where shown, come from Wikidata (CC0). No brokerage, listing-data or commercial research source is used.
Boundary: Assessed values are the City’s assessment-roll figures for taxation and are not sale prices, asking rents, vacancy or availability; Alberta does not publish transaction prices. LiDAR heights are roof-surface elevations above the lowest ground point at the building perimeter and can differ from architectural heights. Storey equivalents are derived at 3.9 m per storey and are not floor counts. Distances are straight-line. Permit descriptions are the City’s records at retrieval and do not establish current use, tenancy or availability. Read the methodology.