Stunning riverside Calgary mansion sees $800K price drop

A stunning Calgary mansion sitting right on the riverside just hit the market again after seeing a huge price drop.
It was previously listed in July 2025 for $7.8 million, but the price has since been reduced by over $800,000 to $6.99 million.

Calgary Real Estate Photos | Real Estate Professionals Inc.
Located at 714 Riverdale Ave. SW, Calgary, this custom-built home spans a whopping 6,600 sq. ft. with five bedrooms and four bathrooms to flit between.

Calgary Real Estate Photos | Real Estate Professionals Inc.
Featuring a blend of modern design and natural materials, this interior is light and open with plenty of space to sprawl and make yourself comfortable. There’s been no expense spared for the exterior finishes with Saint Marc limestone, copper roofing, and Meranti hardwood soffits.
The home features plenty of outdoor space, with a front courtyard complete with a reflecting pool and a 30-foot retractable glass wall that opens onto a back terrace overlooking the Elbow River.

Calgary Real Estate Photos | Real Estate Professionals Inc.

Calgary Real Estate Photos | Real Estate Professionals Inc.
The chef’s kitchen is outfitted with top-of-the-line appliances and custom tigerwood cabinetry. The open floor plan and seamless transition to the dining area make the space perfect for those who like to entertain.

Calgary Real Estate Photos | Real Estate Professionals Inc.
The primary bedroom is a real retreat with floor-to-ceiling windows, silk wall coverings, and heated marble floors. There’s also a spa-like ensuite with all the fixings like a Bianca Carrera marble, a steam shower, a freestanding tub and a walk-in closet with custom cabinetry.

Calgary Real Estate Photos | Real Estate Professionals Inc.
There’s even a professional-grade gym, a custom wine room and a 12-foot wet bar. The whole house is also equipped with smart technology for cost savings that still tend to every creature comfort.
Of course, it’s the outdoors that’s the real selling point here, with three distinct patio areas including a limestone-encased hot tub, a rundle stone firepit patio surrounded by lush perennial gardens, and a built-in BBQ area.
You can view the full listing online.
With files from Alicia Lyons