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

A look at 980 101 Street S.W. in Calgary, Alta. (evergroupcalgary.com)

The Calgary Real Estate Board says home sales in the city decreased again on a year-over-year basis last month amid uncertainty over the economy, while new listings and inventory both grew.

The board says 2,236 homes were sold in April, marking a 22.3 per cent decrease compared with the same month last year, as sales in Calgary slowed across all property types.

CREB chief economist Ann-Marie Lurie says that while sales have been softening in recent months, activity is still outpacing the levels seen during the economic downturn that plagued the city leading up to the pandemic, thanks to previous migration gains, relatively stable employment levels, lower lending rates, and better supply.

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There were 4,038 new listings on the market last month, up 15.7 per cent from a year earlier, as the city’s inventory reached 5,867 homes for sale — more than double the supply available at the same time last year.

The board says the rise in inventory has helped the market shift to balanced conditions, however lower-priced detached and semi-detached properties continue to struggle with insufficient supply.

The residential benchmark price was $591,100, marking a 1.4 decrease from April 2024 and a month-over-month decrease of 0.2 per cent.

Dreaming of owning a lavish new home?

Here are the city’s five most expensive already-constructed residential homes for sale as of May 1, 2025, according to Realtor.ca:

$7.5M 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 home is located at 930 Prospect Ave. S.W.

It has been listed on Realtor.ca for 53 days.

$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 Pl. S.W.

It has been listed on Realtor.ca for 211 days.

$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 ensuite bathroom.

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

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

It has been listed on Realtor.ca for 278 days.

$6.3M Bel-Aire estate

Nestled into a 0.30-acre lot, this 5,817-square-foot home is surrounded by the Calgary Golf & Country Club, the Glenmore Reservoir and the Elbow River valley.

Built in 2003, it has three bedrooms, seven bathrooms and three half-baths.

“This one-of-a-kind estate offers an unparalleled fusion of modern design, natural elements and masterful craftsmanship,” states the listing.

The home’s outdoor lounge is accessible via multiple sliding glass doors and is accented by two six-foot fireplaces.

It has an outdoor pool with a power cover and is next to a covered outdoor kitchen.

The estate also has as a state-of-the-art home theatre, a gym and yoga studio, a wine wall and a chef’s kitchen with high-end cabinetry and top-tier appliances.

It also has a heated front driveway.

The two-storey home is located at 1016 Bel-Aire Drive S.W.

It has been listed on Realtor.ca for 29 days.

$6M West Springs mega mansion

This 9,032-square-foot-home sits atop a ridge on the western edge of the city and includes almost 10 acres of land.

“This magnificent custom concrete estate home exceeds all expectations,” says the listing.

It has four bedrooms, nine bathrooms and two half-baths.

The concrete castle, built in 2012, also has a home theatre, gym, indoor pool and hot tub, sauna and a five-car garage.

The two-storey home is located at 980 101 St. S.W.

It has been listed on Realtor.ca for 37 days.

- With files from The Canadian Press