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521 3 AV SW

DOWNTOWN COMMERCIAL CORE

$60,530,000

Current assessed value

Property

Property Details

Building Type

Unknown

Year Built

1981

Land Size (sq ft)

12,321

Assessment Value & Trend

History of assessed value for this property

$60,530,000

Permits & Renovations

49 permits on record

DateTypeEst. costStatusDescription
Jun 13, 2023Building$142,873CompletedInterior demolition only
May 29, 2021Building$225,000CompletedEau Claire Place II - Show Suite Renovation
Sep 17, 2020Building$25,000ExpiredRepair
Mar 26, 2020Building$1,000CompletedInterior Alteration.
Dec 6, 2019Building$150,000ExpiredInterior Alteration 11th & 15th Floor (Show Suite #1120, #1500A and #1500B)
Dec 6, 2019Building$6,500CompletedFire alarm upgrade
Jan 15, 2019Building$9,000CompletedEau Claire 16th Floor Split Suite 1620
Jan 16, 2018Building$50,000CompletedGroup D Office
Jun 21, 2017Building$115,000CompletedInterior Alteration - Servis Inc.
Feb 24, 2014Building$9,000CompletedInterior Alteration
Feb 5, 2014Building$12,669File ClosedTieback Anchor Upgrade
May 23, 2011Building$70,000CompletedInterior Partitioning
May 22, 2011Building$37,000CompletedInterior Partioning
Mar 22, 2011Building$142,517CompletedInterior Alteration
Oct 1, 2010Building$350,000Completedinterior partitioning
Jul 5, 2010Building$51,750CompletedInterior Alteration - Leasehold Improv.
Jun 12, 2010Building$83,716CompletedInterior Pertition
Mar 16, 2010Building$17,500CompletedINTERIOR ALTERATION
Mar 5, 2010Building$130,000CompletedINTERIOR PARTITION
Dec 21, 2009Building$200,000CompletedInterior Alteration
Dec 11, 2009Building$600,000CompletedCommercial Interior Partition and Business Use Confirmation
Jan 12, 2007Building$45,000CompletedInterior Alterations
Dec 21, 2006Building$25,000CompletedInterior Alteration and Business Use Confirmation
May 3, 2006Building$172,000CompletedElevator and Lobby, Main and 2nd Floor
Dec 23, 2004Building$30,000CompletedInterior Alteration and Use Confirmation
Jun 28, 2004Building$350,000CompletedInterior Alterations
Jun 3, 2004Building$36,000CompletedINTERIOR ALTERATIONS - LEASEHOLD IMPROVEMENT
May 17, 2004Building$80,000CompletedInterior Alterations
Mar 23, 2004Building$40,000CompletedInterior Alteration
Mar 11, 2004Building$50,000CompletedInterior Alterations and Use Approval
Feb 5, 2004Building$110,000CompletedInterior Alteration,Stairwell Infill(Leasehold Improvements)
Aug 15, 2003Building$30,000CompletedCommercial Interior Partition and Business Use Confirmation
Aug 12, 2003Building$20,000CompletedCommercial Interior Partition
Oct 25, 2002Building$5,000CompletedInterior Alterations
Nov 29, 2001Building$45,000CompletedInterior Partioning
Nov 23, 2001Building$4,000CompletedInterior Partioning
May 30, 2001Building$85,000CompletedInterior Alteration
Feb 28, 2001Building$433,000CompletedInterior renovations for main lobby area / common area 1-17 floors
Feb 13, 2001Building$4,000CompletedInt Alt
Oct 30, 2000Building$4,500CompletedInterior Office Alterations
Sep 21, 2000Building$5,000CompletedInterior Alterations for Office Space
Jun 6, 2000Building$11,000Completedinterior alterations
Mar 27, 2000Building$8,000Completedpartition of floor to create new tenancy
Feb 29, 2000Building$5,000Completedinterior alterations
Feb 17, 2000Building$30,000CompletedInterior Alteration
Nov 17, 1999Building$9,624CompletedInterior Partitioning and Expansion
Sep 21, 1999Building$4,200CompletedInterior alterations (one office space to three)
Aug 3, 1999Building$18,000Completedinterior alterations
—Building$92,685Refusedalteration
Total estimated spend(49 permits)$4,180,534

Basement & Legal Suite

Is Finished

No

Is Legal Suite

No

Community context

Low Competition

There are 0 registered legal suites in DOWNTOWN COMMERCIAL CORE. Competition for basement rentals in this community is low.

With low competition in the area, legalizing a basement suite on this property could be a worthwhile investment. Renter demand may exceed available legal units.

Rental opportunity

As of Aug 3, 2026

Active rents in DOWNTOWN COMMERCIAL CORE from RentFaster. Median rents below combine all bedroom sizes for each dwelling type.

Overall

$2,000

223 listings

Median apartment

$2,000

221 listings

Median townhouse

$6,995

1 listing

Median house

$2,250

1 listing

Proximity to Amenities

Nearest LRT

1.0 km

Sunnyside LRT Station (SB 9A ST NW @ 4 AV NW)

Bus Stop 1

90 m

NB 4 ST SW @ 3 AV SW

Bus Stop 2

120 m

SB 5 ST SW @ 2 AV SW

Bus Stop 3

130 m

SB 5 ST SW @ 4 AV SW

Downtown

800 m

Central Memorial Park

Fitness

280 m

GYMVMT Fitness Club - Downtown Calgary

fitness

Costco

6.6 km

Costco

Costco

Grocery

500 m

Safeway

Safeway

Home Improvement

1.5 km

Canadian Tire

Canadian Tire

Elementary

850 m

Sunnyside School

The Calgary School Division

80% utilization

Junior High

1.1 km

Alberta Ballet School

The Alberta Ballet Company

Senior High

610 m

Calgary Chinese Private School

The Calgary Chinese Public School Society

Environmental Factors

Flood zones, emergency-service noise, shelter proximity, and hail exposure for this property and its community.

Flood Hazard

Calgary 1:100 year regulatory map

20 m

to nearest zone / facility

Floodplain

 

Hail Hazard Risk

Historical storm exposure

Moderate

community historical rating

DOWNTOWN COMMERCIAL CORE

 

Emergency Noise

Hospitals, fire & EMS stations

570 m

to nearest zone / facility

Station 06

Fire station

Emergency Shelter

Permanent Calgary shelter sites

870 m

to nearest zone / facility

YWCA Sheriff King Home

Calgary YWCA

Proximity to emergency shelters may correlate with higher foot traffic. This is a lifestyle indicator, not a crime or safety score.

Nearby assessed values

See how this property compares to neighbours on the same block and in the wider surrounding area.

This property

$60,530,000

Lowest nearby

—

Average nearby

—

Highest nearby

—

Based on 0 residential properties within 50 m · 2026 assessment roll.

Location

Community Overview

Community Name

DOWNTOWN COMMERCIAL CORE

Total Properties

3,886

Population

8,225

Crime Rate Trend

Reported incidents in 2018–2025

935 incidents in 2025 · Crime down 19% from 2018

Income

Median income

Compared to Calgary average where available

Household

$51,200

Calgary avg: $98,000

Individual

$33,600

Calgary avg: $44,400

Male individual

$37,600

Calgary avg: $50,400

Female individual

$31,000

Calgary avg: $39,600

Housing

Owners vs renters

% of households by tenure vs Calgary

Housing affordability

% of households by shelter cost burden vs Calgary

Diversity

Immigration status

% of population by immigration status vs Calgary

Religious affiliation

% of population by religion vs Calgary

Education

Education levels

% of population aged 15+ by credential vs Calgary

Languages

Top mother tongues

First language learned at home

RankThis communityCalgary average
1ArabicPunjabi (Panjabi)
2SpanishTagalog (Pilipino, Filipino)
3MandarinYue (Cantonese)
4HindiMandarin
5TeluguSpanish

Immigration

Top countries of birth

Where immigrants in this community were born

RankThis communityCalgary average
1IndiaPhilippines
2PhilippinesIndia
3ChinaChina
4Other places of birth in AsiaUnited Kingdom
5Other places of birth in AfricaPakistan

View full community profile

See all remaining demographics, housing, transportation, and employment details for DOWNTOWN COMMERCIAL CORE.

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