4935 40 Ave NW
Medical/Dental Office · low-rise office building · built 1978 · 4935 40 Ave NW
4935 40 Ave NW is a 14.6 m low-rise office building in Varsity, Calgary, recorded on the City assessment roll as built in 1978. Its main structure is the 366th tallest office roof of the 775 ranked in this record, and 9th of 15 in Varsity. The City assesses the parcel at $20.3M on the 2026 roll, 96th of 822 sites in the record by assessed value. 283 scheduled transit trips call within 300 m of the parcel on a weekday. Since 2012 the City has recorded 44 building permits and 9 development permits on the parcel, the largest a $1.1M medical misc. permit for alteration, applied for in 2016.
- Civic address
- 4935 40 Ave NW, Calgary, AB
- Community
- Varsity (VAR)
- City sub-property use
- C103 Medical/Dental Office · all Medical/Dental Office sites
- Land use district
- C-COR2 — Commercial - Corridor 2 (Commercial)
- Height rank
- #366 of 785 citywide · #9 of 15 in Varsity
- Footprint to parcel
- 23% of the parcel under LiDAR footprints
- Parcel pieces
- 1 titled piece · roll 200355790
- Coordinates
- 51.087242, -114.158012
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 Varsity median and tallest, and against the city.
Access
Public-geometry tests only; confirm routes, entrances and hours with the building.
CTrain
Nearest station: Dalhousie, 1.8 km straight-line (route 201).
Plus 15
Outside the Plus 15 network area.
Cycling
The best-rated cycling facility within 400 m of the parcel is a community street (On-Street Bikeway), 94 m away.
Winter access
The parcel fronts a Priority 2 snow and ice clearing route, 8 m from its edge. Priority 2 routes are cleared after the Priority 1 network.
Accessible crossing
The nearest accessible pedestrian signal is at 40 Avenue and Market Mall Entrance, 182 m from the parcel. The closest signalised crossing, 3719 and 49 Street at 117 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.
283 scheduled transit trips call within 300 m of this parcel on a representative weekday, 35 of them between 07:00 and 09:00, across 4 routes and 8 stops. The closest stop is NB 49 ST NW @ S. of 40 AV NW, 56 m away.
| Service class | Trips on the service day |
|---|---|
| REGULAR | 283 |
Routes: 19 16 Avenue North · 53 Brentwood Station/Greenwood · 65 Market Mall/Downtown West · 422 Dalhousie/Montgomery.
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.
No Active paid on-street parking zone lies within 200 m of this parcel in the City’s tariff dataset. That is not a statement that parking is unavailable: free, permit-only and off-street parking are not recorded in this source.
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 200355790 · Medical/Dental Office
Published values by roll year
| Roll year | Assessed value | Change |
|---|---|---|
| 2005 | $14.0M | — |
| 2006 | $14.6M | 4.2% |
| 2007 | $21.8M | 49.5% |
| 2008 | $20.8M | -4.2% |
| 2009 | $32.7M | 57.1% |
| 2010 | $25.1M | -23.2% |
| 2011 | $25.7M | 2.3% |
| 2012 | $28.9M | 12.4% |
| 2013 | $33.2M | 15.0% |
| 2014 | $33.3M | 0.3% |
| 2015 | $37.5M | 12.6% |
| 2016 | $32.6M | -13.0% |
| 2017 | $33.9M | 3.7% |
| 2018 | $33.7M | -0.6% |
| 2019 | $30.3M | -10.0% |
| 2020 | $27.1M | -10.5% |
| 2021 | $22.5M | -17.2% |
| 2022 | $22.7M | 1.0% |
| 2023 | $20.8M | -8.4% |
| 2024 | $19.6M | -5.4% |
| 2025 | $19.7M | 0.3% |
| 2026 | $20.3M | 3.0% |
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 9 since 2012
| Applied | Permit | Category · description | Status |
|---|---|---|---|
| 2025-01-08 | DP2025-00094 | Signs - Permitted Use with Relaxation NEW: SIGN - CLASS B (FASCIA SIGN) - ILLUMINATION | Released Approval |
| 2024-11-08 | DP2024-07944 | Signs - Permitted Use NEW: SIGN - CLASS B (FASCIA SIGN) | Released Approval |
| 2020-06-04 | DP2020-3483 | Change of Use - Discretionary Use or Relaxations Required CHANGE OF USE: MEDICAL CLINIC | Released Approval |
| 2019-09-12 | DP2019-4744 | Change of Use - Permitted Use CHANGE OF USE: HEALTH SERVICES LABORATORY - WITH CLIENTS | Released Approval |
| 2019-06-26 | DP2019-3271 | Change of Use - Discretionary Use or Relaxations Required CHANGE OF USE: MEDICAL CLINIC - RELAXATION OF 7 PARKING STALLS | Released Approval |
| 2018-01-26 | DP2018-0344 | Change of Use - Permitted Use CHANGE OF USE: MEDICAL CLINIC | Released Approval |
| 2017-12-14 | DP2017-5716 | Change of Use - Discretionary Use or Relaxations Required CHANGE OF USE: MEDICAL CLINIC - RELAXATION OF 2 PARKING STALLS | Released Approval |
| 2014-11-25 | DP2014-5629 | Change of Use - Permitted Use CHANGE OF USE: OFFICE | Released Approval |
Recent building permits 44 since 2012 · 18 in the City’s office class
| Applied | Permit | Class · work | Est. cost | Status |
|---|---|---|---|---|
| 2026-06-23 | BP2026-11557 | 2306 - Parking Garage · Repair Leasehold improvement - Post tensioning repairs | $200,000 | Issued Permit |
| 2025-12-30 | BP2025-24272 | 3403 - Office, Medical · Alteration Group D Office | $63,910 | Completed |
| 2025-11-12 | BP2025-21951 | 3499 - Office/Bank/Professional Misc. · Alteration Exterior Alteration | $269,296 | Issued Permit |
| 2025-07-31 | BP2025-14890 | 3402 - Office · Alteration Interior alteration - Office | $90,000 | Completed |
| 2024-12-20 | BP2024-26280 | 5299 - Medical Misc. · Alteration Interior Alteration | $120,000 | Completed |
| 2024-09-24 | BP2024-20297 | 3403 - Office, Medical · Alteration Maple Respiratory Group Market Mall | $140,000 | Completed |
| 2024-08-22 | BP2024-17614 | 3402 - Office · Alteration Internal alterations | $125,000 | Completed |
| 2024-08-20 | BP2024-17389 | 3402 - Office · Alteration Interior Alteration - Demolition | $15,000 | Completed |
Declared estimated project cost across all 44 non-residential building permits on the parcel since 2012: $7.0M. 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.
147 inspection results are published against 30 of the 44 building permits on this parcel, from 2012-06-19 to 2026-08-24. The most recent occupancy inspection was accepted on 2023-09-22. 23 inspections used a life-safety checklist and 4 a barrier-free checklist.
What was inspected
Result of each visit
| Outcome | Inspections |
|---|---|
| Acceptable Add Inspection | 73 |
| Acceptable | 31 |
| Acceptable with Conditions | 27 |
| Not Acceptable | 16 |
Stage
| Inspection type | Count |
|---|---|
| Progress | 75 |
| Final | 34 |
| Framing | 32 |
| Occupancy | 6 |
The 14 most recent inspection results
| Date | Permit | Stage | Checklist | Outcome | Inspector note |
|---|---|---|---|---|---|
| 2026-08-24 | BP2024-17389 | Progress | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2026-04-17 | BP2025-24272 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections are required. |
| 2026-04-14 | BP2025-24272 | Final | All Directives | Not Acceptable | File complete upon receipt of required documents. Recall inspection when document has been obtained. No additional site inspection required. |
| 2026-03-20 | BP2025-24272 | Progress | All Documents | Acceptable with Conditions | NBC AE Division C 2.4.1.3. Fire Suppression System Designs (Sprinkler VI) Provide sprinkler verification at final |
| 2026-03-20 | BP2025-24272 | Progress | All Directives | Acceptable with Conditions | Correct noted deficiencies, then may continue. Call for final when ready. |
| 2025-12-02 | BP2025-14890 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections required. File Closed. |
| 2025-06-06 | BP2024-26280 | Progress | All Directives | Acceptable with Conditions | Electrical compliance is required prior to occupancy. |
| 2025-03-20 | BP2024-20297 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections are required. - project is acceptable and permit will be closed |
| 2025-03-14 | BP2024-20297 | Final | All Directives | Not Acceptable | Required documents have not been provided. Recall inspection. --C schedules not available at time of inspection. Reschedule final inspection when documents are available for SCO. Fire Alarm verification and Sprinkler verification physical copies have been provided to SCO. |
| 2024-11-26 | BP2024-17614 | Final | All Documents | Not Acceptable | NBC AE Division C 2.4.2. Schedules of Professional Involvement Mechanical & Electrical C schedules required as per permit conditions. |
| 2024-11-26 | BP2024-17614 | Final | All Directives | Not Acceptable | Required documents have not been provided. Recall inspection. File will be complete upon receipt of documents. No additional site inspection required. |
| 2024-11-08 | BP2024-12806 | Final | All Directives | Acceptable | No deficiencies noted. No further building inspections are required. |
| 2024-10-15 | BP2024-12806 | Progress | NBC AE 3.1. General | Acceptable with Conditions | NBC AE Division B 3.1.9.2. Service Equipment Penetrations through floor shall be firestopped with a approved listed system. |
| 2024-10-15 | BP2024-12806 | Progress | NBC AE 3.4. Exits | Acceptable with Conditions | NBC AE Division B 3.4.5.1. Exit Signs Every exit sign providing visual information shall a) be visible on approach to the exit, b) consist of a green and white or lightly tinted graphical symbol meeting the colour specifications referred to in ISO 3864-1, ¿Graphical symbols ¿ Safety colours and safety signs ¿ Part 1: D |
An inspection result is a record of one visit, not a verdict on the building. 16 of these 147 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 8 as of 2026-09-24
| Licensed business | Address | Licence type | Status | Licensed since |
|---|---|---|---|---|
| Fresh Laser Skin Studio | 4935 40 Ave NW | Personal Service | Licensed | 2015 |
| Maple Respiratory Group | 4935 40 Ave NW | Retail Dealer - Premises | Licensed | 2026 |
| Market Mall Medicine Centre Pharmacy | 4935 40 Ave NW | Retail Dealer - Premises, Food Service - Premises | Licensed | 2025 |
| Paragon Homes | 4935 40 Ave NW | Contractor | Licensed | 2026 |
| Welcome Drywall & Construction | 4935 40 Ave NW | Contractor (No Provincial Licence Required) | Licensed | 2025 |
| Individually licensed practitioner | 4935 40 Ave NW | Personal Service | Licensed | 2026 |
| Individually licensed practitioner | 4935 40 Ave NW | Massage Centre (Commercial) | Licensed | 2026 |
| Individually licensed practitioner | 4935 40 Ave NW | Personal Service (Microblading) | Licensed | 2025 |
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; 3 of the 8 licences on this parcel are 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.
Where this building sits in the record
Every collection this building belongs to, from the same public data shown above.
4935 40 Ave NW questions
Answers drawn from the record.
How tall is 4935 40 Ave NW?
The main structure on the parcel has a LiDAR roof height of 14.6 m in The City of Calgary’s 3D building data, a storey-equivalent of about 4 at 3.9 m per storey.
When was 4935 40 Ave NW built?
The City’s assessment roll records 1978 as the year of construction.
What is the assessed value of 4935 40 Ave NW?
The City of Calgary assesses this parcel at $20.3M in total on the 2026 roll, 96th 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 4935 40 Ave NW zoned?
The parcel is designated C-COR2, Commercial - Corridor 2, 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 4935 40 Ave NW?
Dalhousie Station, 1.8 km in a straight line from the parcel centroid.
Who is in 4935 40 Ave NW?
The City of Calgary business licence register lists 8 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 4935 40 Ave NW been inspected?
The City publishes 147 inspection results against 30 permits here, between 2012-06-19 and 2026-08-24. 23 used a life-safety checklist such as fire separations, firestopping or emergency lighting. 4 used the barrier-free checklist. The most recent occupancy inspection was accepted on 2023-09-22. 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 4935 40 Ave NW?
283 scheduled transit trips call within 300 m of the parcel on a representative weekday, 35 of them in the morning peak, across 4 routes. The closest stop is NB 49 ST NW @ S. of 40 AV NW, 56 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 4935 40 Ave NW?
The best-rated cycling facility within 400 m is a community street, 94 m away. The parcel fronts a Priority 2 snow and ice clearing route. These are straight-line tests against City layers.
Where can visitors park at 4935 40 Ave NW?
No Active paid on-street parking zone lies within 200 m of this parcel in the City's tariff dataset. Free, permit-only and off-street parking are not recorded in that source, so this is not a statement that parking is unavailable.
Is office space available at 4935 40 Ave NW?
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.