A piece of Calgary Flames history is for sale and it just saw a $2M price drop

Oct 10 2025, 10:32 am

A piece of Calgary Flames history is up for grabs, as a penthouse owned by Harley and Rebecca Hotchkiss has hit the market at a newly reduced price.

The penthouse, located at 1201, 690 Princeton Way SW, is owned by the Hotchkiss Family Estate and has never been for sale before. It was custom-built by Hotchkiss in 2002.

Harley was one of six Calgary businessmen who bought and moved the NHL’s Atlanta Flames hockey franchise to Calgary in 1980, along with being a key player in overseeing the construction of the Scotiabank Saddledome.

He passed away at the age of 83 back in 2011.

The penthouse first hit the market last December for $9,500,000 and has been relisted for $7,500,000.

Coldwell Banker Mountain Central

Coldwell Banker Mountain Central

Coldwell Banker Mountain Central

The penthouse is situated alongside the Bow River and across from Prince’s Island Park, and offers two bedrooms and six bathrooms across its nearly 5,000 square feet of living space.

Coldwell Banker Mountain Central

calgary flames penthouse

Coldwell Banker Mountain Central

calgary flames penthouse

Coldwell Banker Mountain Central

The property was architecturally designed by Gibbs Gage Architects in conjunction with interior design curated by Arthur Fishman, per its listing, and is on the southwest side of the top three floors of the building.

Just look at that oval staircase! Talk about elegance.

calgary flames penthouse

Coldwell Banker Mountain Central

Coldwell Banker Mountain Central

calgary flames penthouse

Coldwell Banker Mountain Central

The breakfast nook is one of our favourite rooms in the house, as sunshine beams flow through the east, south, and west windows.

The main bedroom also has two sets of doors that lead to a French terrace, a fireplace, and a library sitting area.

The east wing of the penthouse holds the large guest quarters, with room for two double beds and a sitting area. The adjoining ensuite has a soaking bathtub and a stunning vanity.

calgary flames penthouse

Coldwell Banker Mountain Central

calgary flames penthouse

Coldwell Banker Mountain Central

When you add the exterior living space, you come to a grand total of more than 5,500 square feet of space, and it’s so snazzy that the millwork detailing, interior design elements, and furnishings are modelled after Chateau de Versailles.

calgary flames penthouse

Coldwell Banker Mountain Central

calgary flames penthouse

Coldwell Banker Mountain Central

Just look at that view of the Peace Bridge and Bow River from the penthouse — who wouldn’t want to live here? Simply stunning.

If you’re on the hunt for more real estate, here are seven Calgary neighbourhoods that are the most in-demand right now, along with five Calgary neighbourhoods that are the most expensive to buy a house in.

You can check out the full listing online.

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