Calgary Real Estate Area Index

Jim Sparrow
Royal LePage Solutions

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#16, 11625 Elbow Drive SW,
Calgary, AB. T2W 1G8
Direct: (403) 703-2404
Office: (403) 252-5900
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$10.3-Mil Calgary Sale Sets Record

Posted by Jim Sparrow on Sunday, August 16th, 2009 at 10:48pm.

A $10.3-million inner city property sale just set the record for all-time highest metro Calgary MLS sale. The custom built estate home, which features an incredible 12,700 sq ft of living space, is located along the banks of the Elbow River in east Elbow Park.

Elbow Park Real Estate

The Elbow Park home was owned by former Calgary Flames & Detroit Red Wings goalie Mike Vernon and his wife Jane, who commissioned Zeidler Architects to design their home in 2002 and construction was completed in 2006.

Above grade, the master bedroom along with 4 children's bedrooms each have an ensuite bathroom. The basement has a sixth bedroom with ensuite bath, as well as a bar, wine room, an entertainment/media room, and indoor floor hockey arena. City property taxes were $51,000 in 2008. The finished house included a sweeping staircase with hand-wrought balustrades in the entry hall, antique French fireplaces in the major rooms acquired from various trips to Paris and a generous French Country kitchen with beamed ceilings and a herbarium overlooking the croquet lawn and dining terrace, limestone flooring and spectacular cabinetry. "Just about every element of that house was created by hand by remarkable craftsmen," says Stephen Carruthers, managing Partner of Zeidler Architects' Western Offices. "The Vernons were in complete agreement that only natural materials would be used," says Carruthers, adding that this included the building's slate roofs, copper flashing and rainwater leaders and locally quarried sandstone.

Prior to the sale, which was finalized August 16th, the most expensive metro Calgary home sale was $7.5-mil for a 2008 sale in Crescent Heights. The $10.3 million sale price was 98% of the $10.5 million list price.

The $10.3-million dollar sale increased Calgary's current month average house sale price by more than $20,000, taking it from $442,000 to over $463,000.

Jim Sparrow sells Calgary Real Estate with Royal LePage Calgary & specializes in South Calgary estate and luxury homes. Visit our website Calgary Luxury Real Estate our blog Living in Calgary or page me directly at Royal LePage Solutions 403.252.5900

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1 Response to "$10.3-Mil Calgary Sale Sets Record"

Marc Rasmussen wrote:
Nice post and sale. Sarasota, Florida just had a sale just over $7.4 million. People with money are looking at property which is a good sign. I think recovery will be a bumpy road but there is hope.

Posted on Tuesday, August 18th, 2009 at 6:33 PM.



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