Elbow Park, Calgary · MLS® A2324034
1,150 m² lot · Land · Vacant Land · 120 days on market
listed by Giedre Vitkauskaite, The Real Estate District
Just two of the seven riverfront lots in the final phase of the Elbow River Estate Collection remain available in the prestigious inner-city community of Elbow Park. At more than a quarter of an acre of land and 98’ of river frontage, this is one of the larger parcels available. Truly an inner-city location, design will matter to take advantage of the river access while softening the proximity of Elbow Drive. This is an opportunity to combine the urban landscape with the natural environment while creating a legacy in one of Calgary’s deeply historic communities. These properties were acquired by the Province of Alberta while the water-flow system was being remediated and restructured following the 2013 floods. They are now being offered for sale through a transparent and structured process. Additional information is available. Now Open, More Than ¼ Acre with 98 FT of Elbow River Frontage.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Nearest public (CBE) and Catholic schools, by distance
The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.
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Rapid transit: 39 Avenue CTrain station, 1.1 km (about 18 min walk); Erlton/Stampede CTrain station, 2 km (about 31 min walk).
$2,040,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $2,040,000 |
| 2025 | $1,970,000 |
| 2024 | $1,730,000 |
| 2023 | $1,470,000 |
| 2022 | $1,260,000 |
| 2021 | $1,090,000 |
| 2020 | $1,360,000 |
| 2019 | $1,330,000 |
From City of Calgary open data (property assessments), matched to 415 40 AV SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $13,566 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $7,936 a year in property tax.
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.
Rapid transit: 39 Avenue CTrain station, 1.1 km (about 18 min walk); Erlton/Stampede CTrain station, 2 km (about 31 min walk).
Walkability 58/100 · Somewhat walkable: some errands on foot
Within a 10 minute walk: 14 parks and playgrounds, 1 school, 13 transit stops.
mihom score from OpenStreetMap places, by straight line distance.