The River Condo Sets Calgary MLS® Record

A unit listed yesterday at THE RIVER boasts the highest asking price ever for a Calgary condominium on MLS®.

Listed at $7,990,000, it surpasses the previous highest list price of $6,250,000 which was a Princeton Grande unit  in Eau Claire. That unit ultimately sold nearly a year later at $4.1M, the highest ever SOLD price of a condo listed on MLS® in Calgary.

It will interesting to watch what this unit and the 2 others listed in the building sell for and when – I’ll keep us posted.

(Click here to view the listing)

Note: Although news was made earlier in January for a $8.3M pre-sale at the River, it wasn’t listed on MLS®.

In BMO’s Spring Housing Market survey released earlier this week, the senior vice-president of Sotheby’s International Realty Canada, said the boom in the luxury single-family home and condo markets continues to be strong, with Calgary seen as a “developing market” in the high-end housing market.

About the River

The River: 38 total homes. 7 three-storey townhomes with rooftop gardens, and a 15-storey tower.
Developer: 26th Avenue River Investments Inc.
Builder: Ledcor Developments
Location: 26th Avenue and 2nd Street S.W. on the Elbow River. The show suite is located at 100 396 11th Ave. S.W.

Mike Fotiou is an Associate Broker with First Place Realty and is registered as a Certified Condominium Specialist and Commissioner for Oaths in the Province of Alberta. Whenever you’re ready to buy or sell real estate, please call 403-554-2284 or email at: mike@findcalgary.com

2 responses to “The River Condo Sets Calgary MLS® Record

  1. Flip of the Day

    Community: Brentwood
    Sold for $685,000 on April 12th
    Previously sold in November for $450,000
    +52.2%

  2. just amazed as always what people will pay for a Calgary property. I still can not see how people can afford these prices. But it looks like Calagry is taking off again sellers maket once again.

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