Calgary’s 5 most expensive homes for sale right now (February 2025)

930 Prospect Avenue S.W. in Calgary. (Realtor.ca)

The Calgary Real Estate Board says January home sales dropped 12 per cent from last year but remained nearly 30 per cent higher than levels typically recorded for the month.

The board says 1,451 homes changed hands last month, as the residential benchmark price was $583,000 — relatively stable compared to price levels reported at the end of last year and 2.8 higher than January 2024.

There were 2,896 new listings on the market last month, up 35.5 per cent from a year earlier.

The board says January inventory levels skyrocketed to 3,639 units, representing a 68.6 rise from a year ago, with some of the largest gains driven by apartment-style condominiums. While the board called it a significant increase, it says inventory levels remain below the 4,000-plus units typically seen in January.

Ann-Marie Lurie, chief economist at CREB, says Calgary’s supply levels are expected to improve in 2025 after three consecutive years of limited choice, contributing to more balanced conditions and slower price growth.

She cautions that supply increases won’t be equal across all property types and that the board continues to see “persistently tight conditions” for detached, semi-detached and row properties while apartment condominiums “show signs of excess supply” for higher-priced units.

Dreaming of owning a lavish new home?

Here are the city’s five most expensive already-constructed residential homes for sale as of Feb. 4, 2025, according to Realtor.ca:

1) $8.99M historical mansion in Upper Mount Royal

This historic mansion, known as the “Burns Residence,” is in Upper Mount Royal.

The 5,298-square-foot home was built in 1912 and originally owned by Alfred Price, a superintendent with the Canadian Pacific Railway.

Aside from serving as the home for several notable and influential Calgarians, the residence sits on a sprawling half-acre lot surrounded by mature trees and lush landscaping.

The three-storey home has five bedrooms, six full bathrooms and three half-baths.

One of the mansion’s biggest draws may be the pool; it’s situated near a glass cabana that can serve as a bar area or greenhouse.

The three-storey home is located at 930 Prospect Ave. S.W.

The home has been listed on Realtor.ca for 132 days.

2) $8.75M Montreal House in Upper Mount Royal

Built in 2015 by Calgary architect Jeremy Sturgess, “Montreal House” sits in the community of Lower Mount Royal.

The 4,062-square-foot mansion has five bedrooms, three of which are above grade, four bathrooms and an urban courtyard.

Outside the steel-frame home, 18 cantilevered beams provide shade from the sun for the west-facing windows.

“The house’s layout maximizes privacy with east-facing bedrooms that greet the morning sun, and a screened entry set back from the street,” states the listing.

The two-storey home is located at 1308 Montreal Avenue S.W.

The home has been listed on Realtor.ca for 228 days.

3) $7.25M Eagle Ridge bungalow

This gated home in Eagle Ridge sits on a sprawling double lot.

Built in 1971, the home has four above-grade bedrooms and one below grade, plus seven bathrooms.

“Once you step inside past the hand-chiselled walnut doors, you are greeted by a grand foyer that sets the tone for the splendor that awaits,” states the listing.

“The main rooms are nothing short of magnificent, boasting expansive dimensions and exquisite finishes.”

The home may be of interest to culinary enthusiasts due to its walk-in cooler, gas cooktop, double ovens and commercial-grade appliances.

“Whether you’re hosting a grand gala or preparing an intimate meal for loved ones, this culinary haven is sure to impress.”

The bungalow is located at 40 Eagle Ridge Place S.W.

It has been listed on Realtor.ca for 125 days.

4) $7M Upper Mount Royal mansion

Built in 2009, this Upper Mount Royal mansion features a swim-in-place lap pool with underwater treadmill, an elevator, a heated driveway and a theatre.

The home, described by the listing as private and secure, overlooks Cartier Park.

“This exceptional residence, seamlessly combines style and sophistication and luxurious amenities,” states the listing.

“The welcoming front entrance leads to a dramatic free-standing staircase, ascending to the main floor’s spacious living room, boasting sweeping views and a double-sided gas fireplace shared with a cozy family room.”

The home is 5,289 square feet with four bedrooms and six bathrooms.

The garage has room for five cars and includes a rotating platform and a Tesla electric charger.

Not only is the driveway heated, but so are the front stairs and the walkway.

The three-storey home is located at 2906 Marquette Street S.W.

It has been listed on Realtor.ca for 34 days.

5) $6.3M Bel-Aire bungalow

This Bel-Aire bungalow was built in 1972 and is more than 4,000 square feet.

It comes with three bedrooms (and three below grade) plus seven bathrooms and two partial baths.

According to the listing, the main level of the home offers a blend of “elegance and comfort,” featuring a spa-quality en suite bathroom.

In the basement, there’s a wine cellar and a theatre.

The single-storey home is located at 1020 Bel-Aire Drive S.W.

It has been listed on Realtor.ca for 192 days.

- With files from The Canadian Press