The property is legally described as Lot Ex E Portion, Block PT44B, Plan 88R65868, Roll Number 485220300, civically known as 515 1st Avenue in the City of Regina.

Did the Board of Revision for the City of Regina err in its decision whereby it granted the appeal with regards to the recommendation of the assessor only and ordered the tax exemption for the subject property to be effective June 1, 2004?