Most Expensive House in Calgary

Posted On July 15, 2022

The Lure of Luxury Homes

Luxury is defined as a state of great comfort or elegance, and those who have experienced luxury often wish to live in an uber-rich ambience. They are prepared to go to great lengths to build or buy homes where they can live lavishly and age comfortably.

These expensive homes are very desirable, promising an upgraded lifestyle. Just close your eyes and visualize – floor-to-ceiling windows offering spectacular views beyond the private deck.

It seems like a movie scene, doesn’t it?

Most people enjoy luxury, but only a select few can afford it, especially in real estate

What Makes a House Luxurious?

Are you looking for an oversized triple garage with direct access to the family’s living space? A fully equipped chef’s kitchen with an in-built butler pantry? Or you can take a swim in the heated indoor pool. You name it, and it is all yours if you have the money to pay for it. All that a buyer looking at expensive homes for sale must do is get in touch with a Realtor, and the magic starts to happen.

Uber Luxury homes have gone far beyond an impressive floor plan. Vaulted ceilings, white marble flooring in an ultra-formal dining room, or a wood-burning fireplace in the cozy family room are standard.

Changes in Architecture and Design

Modern luxury homes emphasize natural light with ceiling windows and hardwood floors in the family room. There is an understated elegance about bringing a Pinot Noir from your wine cellar to the dining room for your guests. And on lazy winter days, you can’t deny the profound comfort of heated floors in the master bedroom.

And Yet…

But there are still some things that money can’t buy. And no, we aren’t talking about love or good manners here; we are talking about the views from the private balcony.

Calgary in Alberta, Canada

And this is where Calgary ranks high on all lists. As any Calgary real estate agent will tell you, the oft-repeated mantra “Location, location and location” has never been more accurate than it is in Calgary.

Calgary – Gateway to the Canadian Rockies

Popularly known as the Gateway to the Rocky Mountains, Calgary’s natural beauty makes it a magnificent city. With its stunning backdrop of the Rockies and the quaintly named Bow River and Elbow River flowing through, Calgary is a treat to the eyes.

Sun and Snow

Calgary boasts mild weather all year round and is considered Canada’s sunniest city. On the other hand, the city is a popular destination for winter sports, with its world-class Olympic Oval and the Canada Olympic Park.

A Multicultural and Vibrant City

Calgary and Zurich share the third position of the most liveable cities in the world, according to The Global Liveability Index 2022. And with more than 100 languages spoken in this area, you will be pleasantly surprised by the multicultural ethnicity.

Calgary Real Estate

Calgary is home to several high-end neighbourhoods such as Bel-Aire, Roxboro and Mount Royal. Downtown Calgary is a charming mix of residential and commercial neighbourhoods, including the financial district.

The city is surrounded by the picturesque communities of Rocky View County and Foothills County, driving up the uber-luxury factor.

A Surge in Demand

During the pandemic, Calgary real estate saw a surge in demand. According to the National Association of Realtors, the median home price in August 2021 was up 14.9% from August 2020. By some industry accounts, Calgary’s luxury housing market grew by over 200%.

Second-Home Buyers

Calgary shows a noticeable trend of attracting Canadians from other provinces.  The city is often the first choice of “second movers,”who are people that immigrated to Canada and settled elsewhere (Toronto or Vancouver, for example) before deciding to relocate again.

Investor’s Market

Reinforcing this trend, the Bank of Canada reported that in the second quarter of 2021, about 22% of all mortgage home purchases in Calgary were made by investors—buyers who own multiple homes.

This trend underlines the thriving Calgary’s luxury housing market.

The Most Expensive House in Calgary

The most expensive house in Calgary is located at 44 Aspen Ridge Heights SW, and is aptly named Calgary’s Iconic Castle.

This iconic house is a masterful blend of fairy tale architecture and modern sensibilities.

Floor Area and Add-ons

The property is a completely gated estate, assuring its buyer high levels of exclusivity and security. Situated snugly on a nearly-one-acre property, the 14,000 sq. ft. mansion comes complete with manicured gardens and two five-car garages. The heated garages add extra parking space to the magnificent house.

The estate features six bedrooms, nine bathrooms, a separate carriage house, nanny suite, a wine tasting room and a full spa. The elegant stone facade is set off by a stately stone and wrought iron fence, with exterior lighting that lights us the night sky. 

It can be yours for just about $9 million.

A Disney Castle of Your Own!

The feeling of stepping back in time lingers as one steps into the exquisite foyer. The magnificent pair of sweeping cantilevered stairwells leading to the superb 2-storey parlour vies for attention with the stunning crystal chandelier. The white marble flooring in the striking central hallway adds to the grandeur of the foyer and perfectly complements the wood accents.

Soaring ceilings evoke a bygone era of elegant luxury. The living quarters boast a double-height study, a library, a theatre room with a candy lounge, a fitness room with a built-in barre, and a games room with a full wet bar.

On the main floor is a gourmet kitchen with an extensive butler’s pantry and a wine room that can store about 400 bottles. The outdoor kitchen has a covered deck with a built-in barbecue, perfect for summer parties.

Offering what seems like countless rooms for both work and pleasure, the castle’s primary suite is in a wing of its own. In line with the impressive floor plans, the bedrooms have spacious walk-in closets, built-in writing desks, and a media room. 

.Another Stunning Property

Another architectural masterpiece, Terre Blanche, is a chateau-inspired estate on 2.62 acres of magnificent landscaping and beautifully laid out gardens with panoramic views of the Rocky Mountains.

Originally meant to be a luxurious family home, Terre Blanche features ten bedrooms. It has a six-car garage, a half-court basketball gymnasium, a ventilated cigar room, an art deco home theatre, and a games room.

The property recently changed hands for about $6 million.

And Finally

Although Calgary has had a significant rise in housing prices, real estate remains cheaper than in other major Canadian cities. The Calgary Real Estate Board reported that Calgary experienced an influx of new homeowners over the past two years. 

While we have shown you a glimpse of palatial architectural grace, Calgary also offers a wide array of houses for buyers of all categories. Talk to us when you decide to buy a property in Calgary, and we will be happy to find the best deal for you.