Mount Royal estate home for sale at just under $4 million
Once the home of P. Burns and Company executive
This Mount Royal estate home, for sale at just under $4 million, was the former home of John Burns, nephew to the legendary Patrick Burns.
Photograph by: Photos courtesy Justin Mah, of JUST RAW Studios. , Handout
CALGARY — A Mount Royal estate home, once owned by the legendary Burns family group of companies, is for sale for just under $4 million, the Herald has learned.
The three-storey, brick home built in 1912 was once the home of John Burns, nephew of Patrick Burns, a legendary figure in Calgary, who was one of a handful of people who helped start the Calgary Stampede.
John Burns took over P. Burns & Company Ltd., from Senator Pat Burns.
“This is a true mansion with character and charm,” said Dennis Plintz, a realtor with Sotheby’s International Realty Canada, who will soon be officially listing the property.
The property once encompassed all the block on Prospect Avenue S.W. in the prestigious Mount Royal neighbourhood.
It includes about 6,000 feet with the basement and a third storey guest suite which is “really rare,” added Plintz.
It also has a Japanese pagoda in the backyard.
“It’s one of Calgary’s remaining mansions. You don’t see that these days,” said Plintz.
The house, which has undergone renovations, is on sale for $3.99 million.
“Brick, sandstone. Trees that are 100, 150 feet tall on half an acre. That’s really the special part. You have a lot that’s massive relative to most. And then a house that actually fits the lot with character and charm. When you look inside, it’s been restored with all of the features in terms of security, wiring and technology. That’s really the benefit,” said Plintz.
“It’s got a really good story in terms of where it started, people who lived here. What it was used for. Who entertained here.”
Calgary’s luxury home market has been on fire in the past two years. According to the Calgary Real Estate Board, year-to-date until April 28, there have been 228 MLS sales in the city for properties over $1 million compared with 160 for the same period a year ago.
The top communities in the city for luxury home sales this year are: Elbow Park/Glencoe, 25; Altadore/River Park, 15; Springbank Hill, 15; West Hillhurst, 11; Aspen Woods, 9; Elboya, 8; Eau Claire, 8; Lakeview Village, 8; Discovery Ridge, 6; West Springs, 6; and Mount Royal, 6.
Last year set a record for the most luxury home sales ever in the city at 544, eclipsing the previous mark of 458 in 2007.
Just last week, the home of former Calgary Flames’ captain Jarome Iginla sold for full list price of $3.995 million in the southwest Elboya neighbourhood after being on the market for just one day.
A recent report by Sotheby’s said Calgary is one of Canada’s most robust markets for luxury homes and the baseline entry point for a luxury single-family home is $2 million, which is in line with that of Toronto.
The Top Tier Trends Report: A Comparative Survey of Canada’s Luxury Real Estate Market said the demand is predominantly driven by younger buyers, largely in the 35 to 40 year old range who have a skew in preference towards inner-city and Beltline living.
mtoneguzzi@calgaryherald.com
Twitter.com/MTone123
The three-storey, brick home built in 1912 was once the home of John Burns, nephew of Patrick Burns, a legendary figure in Calgary, who was one of a handful of people who helped start the Calgary Stampede.
John Burns took over P. Burns & Company Ltd., from Senator Pat Burns.
“This is a true mansion with character and charm,” said Dennis Plintz, a realtor with Sotheby’s International Realty Canada, who will soon be officially listing the property.
The property once encompassed all the block on Prospect Avenue S.W. in the prestigious Mount Royal neighbourhood.
It includes about 6,000 feet with the basement and a third storey guest suite which is “really rare,” added Plintz.
It also has a Japanese pagoda in the backyard.
“It’s one of Calgary’s remaining mansions. You don’t see that these days,” said Plintz.
The house, which has undergone renovations, is on sale for $3.99 million.
“Brick, sandstone. Trees that are 100, 150 feet tall on half an acre. That’s really the special part. You have a lot that’s massive relative to most. And then a house that actually fits the lot with character and charm. When you look inside, it’s been restored with all of the features in terms of security, wiring and technology. That’s really the benefit,” said Plintz.
“It’s got a really good story in terms of where it started, people who lived here. What it was used for. Who entertained here.”
Calgary’s luxury home market has been on fire in the past two years. According to the Calgary Real Estate Board, year-to-date until April 28, there have been 228 MLS sales in the city for properties over $1 million compared with 160 for the same period a year ago.
The top communities in the city for luxury home sales this year are: Elbow Park/Glencoe, 25; Altadore/River Park, 15; Springbank Hill, 15; West Hillhurst, 11; Aspen Woods, 9; Elboya, 8; Eau Claire, 8; Lakeview Village, 8; Discovery Ridge, 6; West Springs, 6; and Mount Royal, 6.
Last year set a record for the most luxury home sales ever in the city at 544, eclipsing the previous mark of 458 in 2007.
Just last week, the home of former Calgary Flames’ captain Jarome Iginla sold for full list price of $3.995 million in the southwest Elboya neighbourhood after being on the market for just one day.
A recent report by Sotheby’s said Calgary is one of Canada’s most robust markets for luxury homes and the baseline entry point for a luxury single-family home is $2 million, which is in line with that of Toronto.
The Top Tier Trends Report: A Comparative Survey of Canada’s Luxury Real Estate Market said the demand is predominantly driven by younger buyers, largely in the 35 to 40 year old range who have a skew in preference towards inner-city and Beltline living.
mtoneguzzi@calgaryherald.com
Twitter.com/MTone123
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