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

A look at 930 Prospect Avenue S.W. in Calgary. (Remax.ca)

The Calgary Real Estate Board says home sales in the city declined 8.8 per cent in August compared with last year but remained above long-term trends, reflecting relatively strong demand.

The board says 1,989 homes changed hands last month compared with 2,182 sales in August 2024.

There were 3,478 new listings on the market last month, down 1.7 per cent from a year earlier, as the city’s inventory grew 48.2 per cent to 6,661 homes for sale.

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The board says improved supply has “changed the dynamics of the Calgary market” by driving price declines, with the residential benchmark price decreasing 4.1 per cent year-over-year to $577,200 last month.

But CREB chief economist Ann-Marie Lurie says recent price declines “have not offset all the gains that have occurred over the past several years.”

The most significant price declines have been for row and apartment-style homes, which have seen the largest gains in inventory, while the detached and semi-detached markets range from modest price growth in some areas to declines in neighbourhoods with large supply growth.

Dreaming of owning a lavish new home?

Here are the city’s five most expensive already-constructed residential homes for sale as of Sept. 3, 2025, according to Realtor.ca:

$13.5M mansion on Crescent Road

Calgary most expensive home for sale is a mansion sitting on a prestigious stretch of road in the city’s northwest.

The 8,700-square-foot home was built in 2022 by Maillot Homes and features six total bedrooms (four above grade and two below), 10 bathrooms and three half-baths.

The home is seated along Crescent Road N.W, in the community of Rosedale, and features an unobstructed view of the city’s downtown skyline.

The outside of the mansion is clad in white Turkish limestone, while the inside was decorated by Julie Lanctot at Paul Lavoie Interior Design, who took inspiration from Alice in Wonderland.

The 2.5-storey home is located at 732 Crescent Road N.W.

It has been listed on Realtor.ca for 111 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 336 days.

$6.99M Elbow Park Mansion

Built in 2009, this 3,343-square-foot home along the Elbow River sits on a tree-lined street close to the bustling downtown core.

It has four total bedrooms – one above grade and three below – and five total bathrooms.

Designed by architect Mark Burkart and built by Mission Custom Homes, the home features a grand front courtyard with a reflecting pool.

It has an elevator, 19-foot ceilings in the great room, a limestone fireplace and a 30-foot retractable glass wall that opens to a rear terrace overlooking the Elbow River.

The terrace has phantom screens, infrared heaters and built-in speakers that the listing says make it “perfect for year-round enjoyment,” according to the listing.

The single-storey home is located at 714 Riverdale Avenue S.W.

It has been listed on Realtor.ca for 49 days.

$6.75M historical mansion in Upper Mount Royal

The 5,322-square-foot mansion in Upper Mount Royal was built in 1912.

The residence sits on a gated half-acre lot surrounded by mature trees and lush landscaping.

The three-storey home has five bedrooms, five full bathrooms and two 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 0 days.

$6.5M mansion in Upper Mount Royal

This mansion in Upper Mount Royal was built in 2014 and includes five total bedrooms (four above grade and one below grade) and eight total bathrooms (six full and two half-baths).

The fully furnished home is 5,098 square feet and, according to the listing on Realtor.ca, offers “the ultimate blend of family functionality and elevated entertaining.”

“From the moment you step inside, you’re greeted by a dramatic grand staircase set beneath an expansive skylight, flooding the entry with natural light and setting the stage for the architectural elegance found throughout,” states the listing.

“Every space is a masterclass in luxury, designed by renowned interior designer Paul Lavoie and awarded Western Living’s Best Home of the Year in 2022.”

The two-storey home is located at 1118 Premier Way S.W.

It has been listed on Realtor.ca for 110 days.

- With files from The Canadian Press