Calgary is home to some of the most luxurious and wealthy neighbourhoods in Canada. They provide a perfect blend of high-quality living, scenic beauty, and close access to the urban facilities for all its residents. Whether you are a real estate buyer or just curious about some high-end residential areas of the city, find information below on the most expensive neighbourhoods in Calgary.
14 of the Most Expensive Neighbourhoods in Calgary of 2024
Altadore
A community in the southwest, Altadore explodes with excitement, variety, and ownership, from condos to million-dollar exclusive homes. Price points begin in the high $700,000s and rise to around $3.5 million, so there is a touch of the good life for anybody in Altadore. Amenities in Altadore include Sandy Beach Park, River Park, and the bustling district of Marda Loop. Due to the architectural blend of modern and classic designs, it has become the most sought-after neighbourhood in terms of luxury and convenience.
Aspen Woods
Aspen Woods is the jewel resting in Calgary's upscale, western region, known for its magnificent rocky mountains. Aspen Woods starts at $1.5 million and goes up to the highs of $8 million. Luxury homes, beautiful mountain views, and ample lot sizes. Residents can also access the various amenities at the West Hills Town Centre, Edworthy Park, and numerous golf courses. The community also takes pride in having the facilities of the Westside Rec Center, enabling residents to lead a life of balance between relaxation and luxury.
Bearspaw
Bearspaw offers a general ethereal escape to upper-class residents who enjoy large acreage estates and picturesque mountain views. This tranquil community just west of Calgary allows for truly luxurious living, with home prices starting at approximately $1.7 million and over $10 million. The estate communities have gated entrances, very large lots, and some stunning features that make the Bearspaw estate community highly sought after.
The area's beauty, seclusion, and ability to be close to the bright lights, if you desire them, make Bearspaw a top choice for luxury estates near Calgary.
Britannia
Established in 1956, Britannia resides on the east bank of the Elbow River, and the community has an eclectic mixture of single-family homes and luxury flats. The average price of homes here is over $2.6 million, but executive homes with views of the Rocky Mountains and the River Valley are sold at a premium. The mature trees, walkability, and being close to dining, shopping, and river walks make this location a highly desired luxury living area.
Eagle Ridge
Eagle Ridge is smaller than most other communities surrounding it and well connected to comfort east of the Glenmore Reservoir. Most homes in this community are bungalows and luxury homes priced at an average of approximately $1.13 million. High-end real estate sells for more than $2 million in Eagle Ridge. The community is accessible to outdoor activities, such as bike pathways, walking, and parks, making this the perfect place for luxury living amidst the active way of life.
Elbow Park
Founded in 1910, Elbow Park is amongst Calgary's early and richer communities. The place is home to several historical buildings with pricey homes, the median price of homes being slightly over $1.3 million. The community is highly walkable, offering convenience to its residents in entertaining, retail, recreation, eating out, and more. A unique blend of historic appeal with modern flair defines Elbow Park, Calgary.
Roxboro
This is a character neighbourhood established in 1923. It has many mature trees and quiet residential streets and is located close to the Elbow River. Home prices vary from $1,400,000 to $5 million. The community has a vista of walking and bike paths, fine dining, and locally owned coffee shops, making it a tranquil, upscale neighbourhood.
Andrews Heights
St. Andrews Heights started as a luxury golf course community before the 1950s when houses first went up. The community boasts winding roads that follow the slopes of the area, while homes take advantage of beautiful views of the Bow River and inner-city views. The average price for a St. Andrews Heights home is a bit over $1.3 million, so it is certainly a luxury community.
Andrews Heights Homes for Sale
Bayview
This small, luxury neighbourhood with waterfront recreation and breathtaking views is situated on the edge of Glenmore Reservoir. In Bayview, the average list price is above $1 million, and the topmost price is above $1.5 million. The area is known for being quiet, close to many outdoor activities, and providing quick downtown access.
Parkdale
Parkdale, a riverside community running along the Bow River, is another neighbourhood where the real estate is predominantly newer single-family house developments with some housing redevelopment. Not everyone can afford to buy a home here; in most areas, home prices average between $1 million and $3 million. Still, residents are close to entertainment, recreation, and homegrown cafes and shops. There are many locally-owned cafes and shops. So, anyone who loves historic charm and modern convenience will find Parkdale a prime location for luxury living.
Rosedale
Centrally located in Calgary, Rosedale is also abundant with old and new homes on tree-lined streets. Here, a house price ranges from around $1.3 million to $2.7 million, making it a community of luxury living. Being centrally located makes it easy to access downtown Calgary, universities, and colleges, making it an ideal and prestigious community.
Upper Mount Royal
Description of setting: The prestigious community is located in Calgary. Anyone interested in buying a house for sale in Upper Mount Royal should expect to spend not less than $1.5 million, going for as high as $5 million. A quick reach to Downtown Calgary and a short reach to the bustling commercial area along 17th Avenue make this community one of the most desired and exclusive within the city.
Lower Mount Royal
Lower Mount Royal consists of a mix of older homes, modern condos, and commercial areas for shopping and dining. Real estate values within this community range from $700,000 to $3 million for those looking for a relaxed, urban lifestyle. Lower Mount Royal is a high-energy area with plenty of character and layers. Bel-Aire offers a vintage/contemporary mix of living space, with homes and lots of character. It takes the modern dwellers back in time, coupled with modern amenities, making it the perfect scenario for anyone wanting to dig into Calgary's full city life.
Bel-Aire
Bel-Aire is an extremely quiet and considered high-class community located east of the Calgary Golf & Country Club. House prices range from $1.8 million to $3.7 million. The neighbourhood features panoramic scenes of town and mountains, lots of pathways for walking, and a relatively short commute downtown. Luxury, convenience, and natural charm make Bel-Aire one of the most desired communities within the Calgary city limits.
Mayfair
With Glenmore Reservoir and Heritage Park located nearby, Mayfair is one of the average $1.35 million housing neighbourhoods. The neighbourhood offers great outdoor activities, including full access to Glenmore's Athletic Park and Weaselhead Flats, besides other wonderful shopping opportunities. Mayfair offers great, spacious, and luxurious living and recreation space; hence, it is loved by Calgarians the most.
Pump Hill
Pump Hill is not far from some of the most expensive houses in Calgary. Houses in the area sell for everything from $950,000 to $10 million. Take the word in amazing views of Bow River Valley and luxury residences.
Where Do Calgary Millionaires Live?
The well-to-do of Calgary live in leafy neighbourhoods, which give them luxury, privacy, and easy access to high-end amenities. The highest-demand areas include Altadore, Aspen Woods, Bearspaw, Britannia, and Upper Mount Royal. The demographic of these neighbourhoods is upmarket homes with great views and desirable living environments, making them the first choice of millionaires in the city.
Calgary's most costly neighbourhoods are a mix of extravagance, comfort, and natural beauty. Be it a historical community like Elbow Park or a modern one such as Aspen Woods, they provide a diverse range of high-end living—nothing but the best one could expect Calgary to offer.
Whether you are looking to buy in one of these 'exclusive' neighbourhoods or want to learn more about what the aspirational real estate market in Calgary has to offer, a local real estate advisor is available to assist you in finding your dream home.