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July 18, 2011

Calgary’s million-dollar condos

Cowtown may as well be Cashtown with its wealth of ultra luxury condos

Pepper Rodriguez

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A sure sign of prosperity in any city is the number of million dollar homes they have, and likewise Calgary’s wealth can be measured in terms of these ultra luxurious condos and townhomes. In this special photo feature we select a few of the most outstanding condos available in the market today. Both highrise condos and townhomes are included, most are located along the inner city corridor. Opulence and comfort go hand-in-hand.

Sotheby’s International Realty Canada’s sales director, Julie Dempsey, says Calgary offers a diverse and active real estate market with varying types of homes available in many different locations. 

“And, if I had a million dollars and was spending at that level, there is a broad range of home choices.  The market conditions are favourable for buying.  There is a good choice of product, the economy is improving (GDP in Alberta is projected to grow at 4.3 per cent this year) and prices have corrected as a result of the recession. Now, as the market improves, we expect a firming in price followed by the inevitable price rise.  The time to buy is before market prices start to rise more quickly,” she tells Condo Living.

“Homes in the upper end of the market are selling quite actively right now. At Sotheby’s International Realty Canada we have been very pleased with our ability to gain listings in the million-dollar-plus market and undertake trades at those levels.  It tells us that those in the upper end of the market have confidence in Calgary and that are timing in entering the Calgary market has been very good.”

Here are some choice condos that will make us all wish we had a million dollars — although you probably need more for some of them.

It feels like every room in Montana’s 2,511-square-foot penthouse suite has a “wow” moment, and it even has four decks where owners can enjoy the bejeweled spectacle of a vibrant city at night, or the majesty of the nearby Rockies at sunrise. You get a 180-degree view of the surroundings, the cityscape, the southern Alberta prairies and the Canadian Rockies, it’s a priceless picture of serenity and calm. It has a price to match, with Suite 2500 (the Nellie) valued at a cool $2.1 million.

Mission Crossing
The Mission Crossing is a true one-of-a-kind executive townhome development, the likes of which Calgary has never seen before. It’s a terrific example of European design elan with a decidedly James Bond kind of suave sophistication to it. This becomes immediately apparent with its stately Khars engineered hardwood flooring in the main floor, open riser stairs with stainless steel spindles, and metal clad, oversized windows. The last unit is listed at $1.3 million.

Union Square
Union Square is one of the tallest highrises in the city, soaring 27 stories into the prairie sky and its Infinity Penthouse valued at $1.3 million is one of the most luxurious. You even get a flush to the wall fireplace in the attached master ensuite. This home has been lavished with such vibrant detail that could be your very own castle in the sky where the scenic wonders of the city and the Rockies lay at your feet.

This luxury-class concrete 19-storey tower in the heart of the Connaught district offers 106 suites, and many come with large corner balconies some measuring up to 260 square- feet. This one is on the market for $1.05 million. The spacious suites feature floor-to-ceiling windows, fine interior furnishings and central air conditioning. Nine-foot high ceilings are standard, with penthouses having 10-foot ceilings, and rising to 18 feet over living room areas.

Churchill Estates
The Churchill Estates Premier Residences is a landmark 11-storey condominium building in the posh Eau Claire area just north of downtown at 701 3rd Avenue. Churchill Estates has been designed to provide real privacy in an apartment setting. There are penthouses on the top two floors, one of which occupies the whole 11th floor. 


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