Record $12.25 Million MLS Listing for a Calgary Existing Home

An English-style manor home wrapped entirely in stone is the city’s most expensive ever MLS residential listing, with an asking price of $12.25 million.

Sotheby’s International Realty Canada has listed the nearly 10,000-square-foot Aspen Estates home, which includes five bedrooms, seven bathrooms and a 1,200-square-foot patio.

The Aspen Ridge Lane S.W. home — which sits on a full acre — was custom-built by its owner, Jim Quinn of QuinnCorp Communities, the original developer of Aspen Estates, said realtor Corinne Poffenroth, who has the listing.

Poffenroth said the listing includes two separate lots that can be developed. An enclosed galleria connects the primary residence to a 1,000-square-foot carriage house that sits atop a two-level, seven-car garage.

Ann-Marie Lurie, CREB’s chief economist, said the luxury sector comprises about 2.8 per cent of the overall market. For the past couple of years, it was just over three per cent.

It is an overall sign, a reflection, of what’s happening in the economy, adding that new listings in the luxury market represent a greater share of the overall market.

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