Fifth Avenue Place
Office · office tower · built 1980 · 425 1 St SW
Fifth Avenue Place (425 1 St SW) is a 133.4 m office tower in Downtown Commercial Core, Calgary, recorded on the City assessment roll as built in 1980. Its main structure is the 19th tallest office roof of the 775 ranked in this record, and 16th of 119 in Downtown Commercial Core. The City assesses the parcel at $193.5M on the 2026 roll, 13th of 822 sites in the record by assessed value. A Plus 15 walkway touches the parcel. The nearest CTrain platform is 1st Street SW, 292 m away in a straight line. 2,174 scheduled transit trips call within 300 m of the parcel on a weekday. Since 2012 the City has recorded 164 building permits and 11 development permits on the parcel, the largest a $9.1M office permit for alteration, applied for in 2012.
- Civic address
- 425 1 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
- #19 of 785 citywide · #16 of 111 in Downtown Commercial Core
- Footprint to parcel
- 38% of the parcel under LiDAR footprints
- Parcel pieces
- 2 titled pieces · roll 068049907
- Coordinates
- 51.048936, -114.06597
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: 1st Street SW, 292 m straight-line (route 201/202). Planned Green Line station 7 Avenue SW is 243 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), 376 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 1 Street, 73 m from the parcel. The closest signalised crossing, 5 Avenue and 1 Street at 70 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.
2,174 scheduled transit trips call within 300 m of this parcel on a representative weekday, 305 of them between 07:00 and 09:00, across 30 routes and 35 stops. The closest stop is SB 1 ST SW @ 4 AV SW, 47 m away.
| Service class | Trips on the service day |
|---|---|
| REGULAR | 1,268 |
| MAX | 481 |
| 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 · 24 Ogden · 62 Hidden Valley · 64 MacEwan · 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 · MP MAX Purple City Centre/East Hills · 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
466 metered stalls across 66 City parking zones touching this walking radius, at $1.00 to $4.50 per hour depending on zone and time of day. Maximum stay 15 to 120 minutes. Tariff zones 3, 4a, 5.
Enforced 0710-1750 MON-FRI, 0910-1750 SAT; 0840-1520 MON-FRI, 0910-1750 SAT; 0910-1520 MON-FRI, 0910-1750 SAT; 0910-1750 MON-SAT.
Closest zone
5 Av SW, Fr 1 St SW To 2 St SW — 4 m from the parcel, 10 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.
Named building record
Public-domain building facts from Wikidata attached by location. Where a stated height differs from the LiDAR roof, the difference usually reflects spires, screens or datum.
- Name
- Fifth Avenue Place
- Description
- building in Alberta, Canada
- Floors
- 35
- Opened
- 1981
- Identifier
- Wikidata Q5447478 (CC0)
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 068049907 · Office
Published values by roll year
| Roll year | Assessed value | Change |
|---|---|---|
| 2005 | $300.2M | — |
| 2006 | $368.2M | 22.7% |
| 2007 | $533.3M | 44.8% |
| 2008 | $686.2M | 28.7% |
| 2009 | $720.4M | 5.0% |
| 2010 | $607.3M | -15.7% |
| 2011 | $463.2M | -23.7% |
| 2012 | $516.6M | 11.5% |
| 2013 | $703.4M | 36.2% |
| 2014 | $854.3M | 21.4% |
| 2015 | $916.0M | 7.2% |
| 2016 | $782.8M | -14.5% |
| 2017 | $588.9M | -24.8% |
| 2018 | $429.1M | -27.1% |
| 2019 | $231.3M | -46.1% |
| 2020 | $252.5M | 9.2% |
| 2021 | $258.6M | 2.4% |
| 2022 | $212.5M | -17.8% |
| 2023 | $213.0M | 0.2% |
| 2024 | $232.4M | 9.1% |
| 2025 | $215.1M | -7.5% |
| 2026 | $193.5M | -10.0% |
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 11 since 2012
| Applied | Permit | Category · description | Status |
|---|---|---|---|
| 2019-04-23 | DP2019-1963 | Special Function Tents TEMPORARY USE: SPECIAL FUNCTION - CLASS 1 | Cancelled |
| 2018-12-12 | DP2018-5792 | Signs - Discretionary Use NEW: SIGN - CLASS E (DIGITAL MESSAGE SIGN- 2) | Released Approval |
| 2016-05-27 | DP2016-2078 | Signs - Discretionary Use NEW: SIGN - CLASS C (FREESTANDING SIGNS- 4) | Released Approval |
| 2016-03-10 | DP2016-0916 | Change of Use - Permitted Use CHANGE OF USE: OFFICE | Cancelled |
| 2016-01-22 | DP2016-0233 | Change of Use - Discretionary Use or Relaxations Required CHANGE OF USE: RESTAURANT: LICENSED - MEDIUM | Released Approval |
| 2015-06-09 | DP2015-2403 | Change of Use - Permitted Use CHANGE OF USE: RESTAURANT: FOOD SERVICE ONLY - MEDIUM | Released Approval |
| 2015-05-11 | DP2015-1941 | Change of Use - Permitted Use CHANGE OF USE: TAKE OUT FOOD SERVICE | Released Approval |
| 2015-04-29 | DP2015-1734 | Change of Use - Permitted Use CHANGE OF USE: RESTAURANT: FOOD SERVICE ONLY - SMALL | Released Approval |
Recent building permits 164 since 2012 · 96 in the City’s office class
| Applied | Permit | Class · work | Est. cost | Status |
|---|---|---|---|---|
| 2026-09-15 | BP2026-17646 | 3402 - Office · Alteration | $150,000 | Pending Plans Review Assignment |
| 2026-08-14 | BP2026-15502 | 3402 - Office · Alteration Interior Alteration - Office | $675,000 | Issued Permit |
| 2026-05-06 | BP2026-07717 | 3402 - Office · Alteration Interior Alteration | $250,000 | Issued Permit |
| 2026-04-08 | BP2026-05457 | 3402 - Office · Alteration Interior Alteration - APMC Renovation | $1.1M | Completed |
| 2026-03-24 | BP2026-04565 | 3402 - Office · Alteration Interior alterations | $947,000 | Issued Permit |
| 2026-01-29 | BP2026-01360 | 3402 - Office · Alteration Interior alterations | $3.2M | Issued Permit |
| 2026-01-07 | BP2026-00226 | 3499 - Office/Bank/Professional Misc. · Alteration Interior Alteration - Servus Credit Union | $50,000 | Completed |
| 2025-12-22 | BP2025-24055 | 3402 - Office · Alteration Leasehold improvement - FAP-ET Main and 2nd Floor Lobby Reno | $850,000 | Issued Permit |
Declared estimated project cost across all 164 non-residential building permits on the parcel since 2012: $128.8M. 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.
700 inspection results are published against 133 of the 164 building permits on this parcel, from 2012-05-24 to 2026-08-20. The most recent occupancy inspection was accepted on 2026-01-26. 83 inspections used a life-safety checklist and 12 a barrier-free checklist.
What was inspected
Result of each visit
| Outcome | Inspections |
|---|---|
| Acceptable Add Inspection | 374 |
| Acceptable with Conditions | 157 |
| Acceptable | 124 |
| Not Acceptable | 43 |
| Cancelled | 1 |
| Not Required | 1 |
Stage
| Inspection type | Count |
|---|---|
| Progress | 435 |
| Final | 154 |
| Occupancy | 56 |
| Framing | 55 |
The 14 most recent inspection results
| Date | Permit | Stage | Checklist | Outcome | Inspector note |
|---|---|---|---|---|---|
| 2026-08-20 | BP2026-05457 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. -Final inspection completed. |
| 2026-04-17 | BP2026-00226 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2026-04-17 | BP2025-19256 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2026-04-17 | BP2025-19256 | Progress | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2026-03-11 | BP2020-03495 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2026-03-03 | BP2020-03495 | Progress | All Documents | Not Acceptable | NBC AE Division C 2.2.13.5. Inspection - Final inspection required. |
| 2026-03-03 | BP2020-03495 | Progress | All Directives | Not Acceptable | Correct noted deficiencies and recall building inspection. |
| 2026-03-03 | BP2020-03495 | Progress | All Directives | Acceptable with Conditions | Inspections can be booked at inspections.calgary.ca - Documents from 2020 received. |
| 2026-03-02 | BP2025-22872 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2026-02-27 | BP2025-18230 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2026-01-26 | BP2025-17224 | Occupancy | All Occupancy Permit | Acceptable | Occupancy Permit Pertains Only For: Slalom - Calgary Office. No deficiencies noted and SCO closing file and issuing occupancy permit. |
| 2026-01-26 | BP2025-17224 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2026-01-23 | BP2025-17224 | Final | All Directives | Not Acceptable | Required documents have not been provided. Recall inspection. |
| 2026-01-20 | BP2025-04792 | Progress | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
An inspection result is a record of one visit, not a verdict on the building. 43 of these 700 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 16 as of 2026-09-24
| Licensed business | Address | Licence type | Status | Licensed since |
|---|---|---|---|---|
| Catania Market And Deli | 420 2 St SW | Food Service - Premises | Licensed | 2024 |
| Charlotte'S Web Florists | 425 1 St SW | Retail Dealer - Premises | Licensed | 2019 |
| City Time Watch Clock & Jewellery | 425 1 St SW | Retail Dealer - Premises | Licensed | 2006 |
| Fifth Avenue Place Chiropractic & Massage Therapy | 420 2 St SW | Massage Centre (Commercial) | Licensed | 2006 |
| Freshii | 420 2 St SW | Food Service - Premises (No Seating) | Renewal pending | 2017 |
| Gateway Newstands | 420 2 St SW | Food Service - Premises, Retail Dealer - Premises, Tobacco Retailer, Vape Retailer | Licensed | 2023 |
| Ginger Beef Express | 420 2 St SW | Food Service - Premises (No Seating) | Licensed | 2014 |
| Hallmark Cards | 420 2 St SW | Food Service - Premises, Retail Dealer - Premises | Licensed | 2022 |
| Madison & Page | 425 1 St SW | Retail Dealer - Premises | Licensed | 2002 |
| Monogram Coffee | 420 2 St SW | Retail Dealer - Premises, Food Service - Premises (Seating) | Licensed | 2016 |
| Mucho Burrito Mb00036 | 420 2 St SW | Food Service - Premises (No Seating) | Licensed | 2025 |
| Sandstone Pharmacies Fifth Ave | 425 1 St SW | Tobacco Retailer, Retail Dealer - Premises, Food Service - Premises | Licensed | 2005 |
| Second Cup (The) | 420 2 St SW | Retail Dealer - Premises, Food Service - Premises (Seating) | Licensed | 2001 |
| Subway Sandwiches | 420 2 St SW | Food Service - Premises (No Seating) | Licensed | 2001 |
| Tuk Tuk Thai | 420 2 St SW | Food Service - Premises (No Seating) | Licensed | 2024 |
| Individually licensed practitioner | 425 1 St SW | Personal Service | Renewal pending | 2022 |
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; 1 of the 16 licences on this parcel is withheld on that basis. 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.
- TC Energy Tower120 5 Ave SW
- Bow Valley Square250 6 Ave SW
- Suncor Energy Centre117 5 Ave SW
Where this building sits in the record
Every collection this building belongs to, from the same public data shown above.
Fifth Avenue Place questions
Answers drawn from the record.
How tall is Fifth Avenue Place?
The main structure on the parcel has a LiDAR roof height of 133.4 m in The City of Calgary’s 3D building data, a storey-equivalent of about 34 at 3.9 m per storey. Wikidata records 35 floors.
When was Fifth Avenue Place built?
The City’s assessment roll records 1980 as the year of construction. Wikidata records 1981 as the opening year.
What is the assessed value of Fifth Avenue Place?
The City of Calgary assesses this parcel at $193.5M in total on the 2026 roll, 13th 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 Fifth Avenue Place 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 Fifth Avenue Place?
1st Street SW Station, 292 m in a straight line from the parcel centroid.
Who is in Fifth Avenue Place?
The City of Calgary business licence register lists 16 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 Fifth Avenue Place been inspected?
The City publishes 700 inspection results against 133 permits here, between 2012-05-24 and 2026-08-20. 83 used a life-safety checklist such as fire separations, firestopping or emergency lighting. 12 used the barrier-free checklist. The most recent occupancy inspection was accepted on 2026-01-26. 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 Fifth Avenue Place?
2,174 scheduled transit trips call within 300 m of the parcel on a representative weekday, 305 of them in the morning peak, across 30 routes. The closest stop is SB 1 ST SW @ 4 AV SW, 47 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 Fifth Avenue Place?
The best-rated cycling facility within 400 m is a protected lane, 376 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 Fifth Avenue Place?
The City of Calgary's tariff record shows 466 paid on-street stalls in 66 zones within 200 m of the parcel, at $1.00 to $4.50 per hour. The closest is 5 Av SW, Fr 1 St SW To 2 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 Fifth Avenue Place?
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.