Top 15 Richest Neighbourhoods in Calgary

What Are Calgary’s Richest Neighbourhoods?

Calgary’s residential real estate market is home to many different affluent communities located in nearly all districts of the city, as well as many ultra private acreage-style retreats in the surrounding areas such as the Rocky View and Foothills Counties. These “richest” neighbourhoods in Calgary often share common features that make them highly sought after among luxury homebuyers, such as an exclusive location, large lots, high-end finishings and design, and panoramic views. Some of Calgary’s wealthiest communities include Altadore, Aspen Woods, Bayview, Bel-Aire, Bearspaw, Elbow Valley, Pump Hill, Springbank, and Upper Mount Royal to name a few, although there are several more on our list below for you to explore.

So, if you’re looking for the most expensive neighbourhoods in Calgary, below we go over the top 20 wealthiest communities that may be of interest to you, along with the average detached and maximum sold prices sourced from Pillar Nine. Begin your search of Calgary million-dollar listings today!

#1 – Altadore

Average Sold Price 2024: $1,472,439
Maximum Sold Price 2024: $3,225,000

No list of the richest neighbourhoods in Calgary would be complete without Altadore. Known for its high-end infill developments, Altadore real estate is conveniently situated near the Elbow River parks and pathways, Marda Loop District and Mount Royal University. Downtown is also not too far away, about a 10-minute drive, making the area a top choice for many executives and professionals. Altadore’s most expensive listing sold in 2024 went for $3.225 million, while the average detached house sold for $1.472 million that same year.

New infill properties in the area can easily range from the $800,000s to $2 million depending on the build and size. There are also a select few sprawling estate mansion homes worth several million dollars that line the inner city parks to the east along the river, which are not listed on the market very often, but instead conducted privately, which sell for more than $3 million in some cases – the epitome of luxury living in Calgary.

#2 – Aspen Woods

Average Sold Price 2024: $1,565,210
Maximum Sold Price 2024: $7,525,000

Located on the brim of the West District, Aspen Woods is known as one of Calgary’s most expensive neighbourhoods where you’ll find some of our city’s premier estate homes. Aspen Woods real estate is known for its close-to-everything location and beautiful setting amid the rolling foothills of the west part of Calgary. Homeowners enjoy easy access to the Westside Recreation Centre and foothills and mountains to the west. Aspen’s most expensive home sold for a whopping $7.525 million in 2024, while the average sold price for detached houses was $1.565 million that same year.

If you’re looking for a luxury neighbourhood that has multi-million-dollar estate homes with all the high-end bells and whistles you would expect, then Aspen Estates is an excellent place to begin your search. Other areas of Aspen Woods are also affluent, with top-of-the-line estate homes featuring panoramic mountain views, sprawling lots, and lots of privacy provided by the beautiful aspen groves lining the foothills.

#3 – Bayview

Average Sold Price 2024: $1,576,875
Maximum Sold Price 2024: $2,440,000

If you are looking for an estate home with easy access to outdoor recreation, then this well-established southwest luxury community might be for you. One of the most affluent neighbourhoods in Calgary, Bayview homes are known for their mixture of historical and modern architectural charm, as it is a neighbourhood where homeowners tend to stay for the long term. As a result, many of Bayview’s sprawling estate properties have been fully renovated over the years, reinvigorating the community’s streetscapes with stylish luxury houses that will catch the eye of almost any high-end homebuyer. The average sold price in Bayview was at just over $1.57 million in 2024, with the most expensive home selling for $2.44 million.

Many Bayview houses sit on massive lots that back out onto the Glenmore Reservoir, providing owners with direct access to the pathways for leisure and recreation along its stunning waterscapes that extend for many kilometres in all directions. Bayview lots are typically deep and wide with mature vegetation, offering families the ultimate privacy and escape from the city’s hustle and bustle. Nearby amenities include Macleod Trail, Southland Leisure Centre, Glenmore Landing, and so much more, while downtown is a short 15-minute drive.

#4 – Bel-Aire

Average Sold Price 2024: $2,901,200
Maximum Sold Price 2022:  $4,875,000

If the name doesn’t give it away as one of Calgary’s richest neighbourhoods, then perhaps the average price of single-family homes will. Bel-Aire is by far one of the most expensive neighbourhoods in Calgary where many executives and their families tend to stay for the long term. Located just a few minutes from the popular Beltline District and downtown business core, the neighbourhood is perfect for urban professionals looking to spend less time in traffic and more time doing the things they love, like working or spending time with family. Bel-Aire’s most expensive home sold in 2024 went for nearly $4.9 million, while the average house price came in at roughly $2.9 million.

With just 385 total households, Bel-Aire real estate is as exclusive as it is luxurious. Residents have direct access to the Glenmore Reservoir and its pathways, as well as trails that lead to downtown along the Elbow River, making year-round leisure and recreation a breeze. Enjoy the beautiful waterscapes along the Elbow River during the spring and summer, and if you’re brave, head to work using these pathways in the winter – a great way to stay active throughout the year.

#5 – Britannia

Average Sold Price 2024: $2,463,636
Maximum Sold Price 2024: $4,800,000

Britannia is favourable for high-end homebuyers looking for a property that backs out onto natural rivers and park areas while enjoying all the benefits of luxury living. Found just a few minutes’ drive south of downtown, Britannia another one of the richest communities in Calgary where many families tend to stay for the long term because of the convenience its exceptional inner city location provides, but also, its lavish real estate which includes semi-estate and estate infill developments with stunning architectural designs. Britannia’s most expensive home sold in 2024 went for $4.8 million, while its average house price was just under $2.5 million.

Britannia real estate offers residents immediate access to outdoor leisure and recreation at several nearby parks such as Riverdale Park and Sandy Beach Park. Interconnecting pathways run north to the City Centre, and south to the Glenmore Reservoir. The MNP Community & Sport Centre, situated in the beautiful Lindsay Park, is just a short walk to the north and easily reachable via the Elbow River’s pathways, while many restaurants, shops, and professional services are found along the nearby Macleod Trail and in the Beltline.

#6 – Elbow Park

Average Sold Price 2024: $2,057,622
Maximum Sold Price 2024: $5,000,000

Elbow Park is another one of the wealthiest neighbourhoods in Calgary, nestled between Upper Mount Royal to the north and Britannia to the south, providing many benefits of inner city living. Established in 1910, this well-established neighbourhood is well known for its huge estate lots and redeveloped luxury homes that demonstrate its reputation as one of the most expensive communities in Calgary. Elbow Park saw an average detached sold price of just over $2 million last year, and its most expensive listing sold in 2024 went for a hefty price of $5 million.

Located just a few minutes’ drive from the downtown business core, Elbow Park real estate is ideal for urban professionals and their families who desire to live, work and play in the city centre. The affluent Calgary riverside community offers residents walkability via the Elbow River and its paved pathway system, offering convenient access to the Beltline, East Village, Inglewood, St. Patrick’s Island to the north, and the Glenmore Reservoir, Weaselhead Flats Natural Area and more to the south!

#7 – Elboya

Average Sold Price 2024: $1,456,566
Maximum Sold Price 2024: $3,000,000

Like its neighbours Britannia, Elbow Park and Rideau Park, Elboya is also one of the richest neighbourhoods in Calgary where you’ll find riverside luxury estates valued in the $1-3 million range. With a healthy mixture of high-end luxury homes, new infills and redevelopment properties, it is a sought-after neighbourhood close to all the inner city amenities you could hope for. Elboya’s average detached sold price in 2024 was just over $1.45 million, while the most expensive listing in the area sold for $3 million that same year.

Elboya real estate offers residents quick access to the City Centre and nearby amenity hubs like Mission, the Fourth Street BIA, and Beltline. Only five minutes from the downtown business core and situated along the Elbow River, it’s no wonder Elboya is a highly sought-after luxury neighbourhood by many urban professionals. Residents have easy access to leisure and recreation along the Elbow River pathways. Also, the MNP Community Centre (formerly the Repsol Centre or Talisman Centre), one of Calgary’s best indoor recreation facilities, is a short walk away amid the lush Lindsay Park.

#8 – Patterson

Average Sold Price 2024: $1,283,658
Maximum Sold Price 2024: $2,125,000

Luxury buyers looking for homes with some of the best city views should turn their sights toward Patterson. Located on an escarpment overlooking the Bow River and northwest, Patterson, specifically its subdivision of Patterson Heights, is home to large estate homes worth millions with stunning panoramic views that add another level of luxury. Patterson saw a maximum sold price in 2024 of $2.125 million and an average detached house sold price of just over $1.283 million.

Patterson homes for sale come in all shapes and sizes. However, the newer construction properties built on the escarpment furthest to the north and west are the most luxurious, with features that will catch the eye of any luxury home buyer. Residents living in this wealthy Calgary neighbourhood enjoy convenient access to all that the West District has to offer including Aspen Landing, West Springs Village, and much more to come!

#9 – Heritage Pointe

Average Sold Price 2024: $1,387,391
Maximum Sold Price 2024: $2,400,000

Located just outside the south city limits in Foothills County is Heritage Pointe, an exclusive lake and golf community designed for upscale buyers that dawns our list of the richest communities in Calgary. This beautiful neighbourhood is just a few minutes from the South District’s city limits and just north of De Winton, with an average sale price in 2024 of $1,387,391 and a maximum sale price of $2.4 million.

Heritage Pointe real estate is highly sought after by high-end buyers looking for huge estate lots in an exceptionally crafted master-planned community. At the centre of Heritage Pointe is a man-made lake which features walkout estate homes and private docks. The neighbourhood is home to the exclusive Heritage Pointe Golf Club which only takes on a limited number of memberships every year. In fact, the community is the perfect place for golf enthusiasts, with the complete course (Desert and Heritage) featuring 10,500 yards across 27 signature holes and ranked in the top 50 courses in Canada.

#10 – Parkhill / Stanley Park

Average Sold Price 2024: $1,340,079
Maximum Sold Price 2024: $3,050,000

Parkhill/Stanley Park is a highly desirable and luxurious inner city community where many families choose to stay long-term – and for good reason. Host to multi-million-dollar ridge walkouts with stunning views of downtown, it joins Roxboro, Britannia, Elboya, and others as another one of Calgary’s richest neighbourhoods in the inner city area near beautiful Elbow River and its extensive network of parks and pathways. Head north along the Elbow River pathways and you’ll reach Lindsay Park and the MNP Community & Sport Centre within minutes. Go a bit further than that and you’ll find the Beltline and East Village, both vibrant parts of the city that are host to countless restaurants, shops and services. Just to the east, you’ll find Macleod Trail and all the amenities you could hope for including Chinook Mall, our city’s largest indoor mall. Parkhill/Stanley Park saw a maximum detached sold price of just over $3 million in 2024, and an average detached house sold price of $1.34 million.

Overall, Parkhill / Stanley Park real estate is sought after by many luxury buyers because of its convenient location and the incredible downtown views offered by its homes. Today, several redevelopment opportunities remain in the area, which serve to bring down the average detached price above. But don’t be fooled, Parkhill is undoubtedly an extremely wealthy part of Calgary where many affluent people live.

#11 – Pump Hill

Average Sold Price 2024: $1,223,766
Maximum Sold Price 2024: $1,693,025

Pump Hill has long been known as one of the richest neighbourhoods in Calgary with its estate-style luxury homes, several of which have been redeveloped inside and out over the years by homeowners who have stayed in the community for the long term. In the past, Pump Hill real estate has set luxury home sale price records, with some listings reaching nearly $10 million. The area’s estate-sized lots provide lots of room for families to grow with one another, and multi-generational living isn’t uncommon for the family-oriented community. In 2024, the maximum detached home sold price was nearly $1.7 million, while the average detached home sale price was just over $1.22 million.

Located in the South District, about a 15-minute drive from downtown, homeowners have convenient access to Southland Leisure Centre, Glenmore Reservoir, Chinook Centre, Macleod Trail, Glenmore Landing, Rocky View Hospital, and so much more. In short, life is convenient in this affluent community of Calgary.

#12 – Rideau Park

Average Sold Price 2024: $1,815,000
Maximum Sold Price 2022: $2,495,000

Rideau Park is an exclusive inner city community where you’ll find some of the best riverfront properties in the city. Often with fewer than ten home sales per year in the area, it is an excellent neighbourhood for affluent home buyers looking to live close to downtown, and many families often stay in the area for the long term. Last year, the maximum sold price for a detached home in the area was just under $2.5 million, while the average detached price was just over $1.8 million – making it one of the most expensive communities in Calgary to buy a home.

Rideau Park real estate has a lot to offer discerning luxury buyers; known as one of Calgary’s richest neighbourhoods, its properties offer immense value due to their riverside/inner city location and redevelopment potential. Today, you’ll see many new luxury infills in the area, with stunning architecture and custom features that will awe even the most high-end homebuyer. Residents have a lot to enjoy nearby all reachable on foot, including the MNP Community & Sport Centre, Stampede Grounds, Elbow River and pathways, Lindsay Park, and so much more.

#13 – Rosedale

Average Sold Price 2024: $1,500,308
Maximum Sold Price 2024: $3,025,000

Nestled between Crescent Heights and the SAIT campus, Rosedale is home to several stunning infill homes that will give any driver-by a severe case of rubberneck. Known for its exclusivity often with fewer than 15 detached properties sold annually, this affluent Calgary neighbourhood spans along an escarpment overlooking the downtown business core which provides many homes with spectacular city views. Many lots along this southern ridge feature high-end luxury properties built to take advantage of the spectacular downtown and river views with expansive windows and beautiful architecture to boot. In 2024, Rosedale saw a maximum detached home sale price of just over $3 million, and an average detached sale price of approximately $1.5 million.

These luxury ridge properties also make Rosedale one of the most expensive neighbourhoods in Calgary in which to buy a home. Rosedale real estate is always in high demand; developers and homebuyers alike are quick to jump on listings, given it’s a community where homeowners tend to stay for the long haul and new entries into the MLS® don’t come often. In-community schools and the nearby Kensington District – home to over a hundred restaurants, shops, and services – also make Rosedale particularly sought-after among upscale buyers for the convenience they offer.

#14 – Roxboro

Average Sold Price 2024: $1,797,857
Maximum Sold Price 2024: $2,750,000

Roxboro is another affluent riverfront community in the south inner-city region of Calgary in the same area as Rideau Park, Upper Mount Royal, and Britannia. As one of Calgary’s most expensive neighbourhoods to buy in, it is a destination of choice particularly for downtown executives looking to live, work, and play in the sought-after inner city. The small, exclusive community borders the Elbow River to the north and Roxboro Park to the east and south, with fewer than 150 lots in the area. Like its neighbours Rideau Park and Britannia, you’ll find stunning infills all over the community, with multi-million dollar estate homes along the embankments of the Elbow River. The most expensive detached home sold in Roxboro last year went for $2.75 million, while the average detached sale price came out at just under $1.8 million.

Living a healthy outdoor lifestyle is convenient when living in Roxboro real estate, with quick access to the network of river parks and pathways along the Elbow River. Residents can easily reach downtown within a short walk north, and have a full spectrum of amenities available at their fingertips along the Fourth Street SW Business Improvement Area, in Mission, and also the nearby 17th Avenue SW Shopping District and Beltline.

#15 – Upper Mount Royal

Average Sold Price 2024: $2,163,984
Maximum Sold Price 2024: $5,500,000

Last but not least is perhaps Calgary’s richest neighbourhood. Multi-million-dollar homes are of the norm for Upper Mount Royal, where you’ll find some of the city’s most affluent families and most expensive properties. A great example of this is the fact that in 2024, the maximum sold detached home in Upper Mount Royal went for a staggering $5.5 million, while the average single-family sold price rang in at more than $2.16 million.

Upper Mount Royal real estate is characterized by expansive estate lots with a mix of historical and modern charm. As one of the richest neighbourhoods in Calgary, it offers residents an inner city lifestyle to the fullest just minutes away from downtown and near the Elbow River parks and pathways. It is an ideal family-community for downtown executives looking to live an estate-sized lifestyle just a short drive from the office. Calgary’s reputed Elbow River pathways are just a short walk away when living in Upper Mount Royal. Other nearby destinations include Stanley Park, Macleod Trail, Chinook Centre, and so much more.

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Questions about the Richest Neighbourhoods in Calgary?

As highly experienced luxury real estate agents and professional Realtors®, we can answer any questions you have about the most expensive neighbourhoods in Calgary and their respective real estate! Contact Cody, Jordan and the Calgaryism Team anytime at 403.370.4008 to chat about your real estate goals and we will be happy to help!

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