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531 47 Avenue SW
homes for sale · Calgary · Elboya
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$3,990,000

531 47 Avenue SW

Elboya, Calgary · MLS® A2345467

682

4,639 sq ft · 557 m² lot · House · Single Family · built 2015 · 38 days on market

listed by Elaine Choy, Century 21 Bravo Realty

realtor's description

A rare expression of design, craftsmanship and technology in Elboya, this residence was designed by Lighthouse Studios, with interiors by acclaimed designer Paul Lavoie, and built by Riverview Custom Homes. Set on a quiet street overlooking green space, with a south-facing backyard and downtown views, it offers approximately 7,386 sq. ft. of developed living space across four finished levels, including approximately 4,639 sq. ft. above grade, with six bedrooms and eight bathrooms. The main level blends grand entertaining with comfortable daily living, showcasing exquisite millwork, designer lighting and selected finishes. The formal dining room seats fourteen, while a dramatic 180-bottle wine display with accent lighting leads to the chef's kitchen. Centred around a 14-foot island, it features two Miele refrigerators, Bosch dishwashers, a 60-inch Wolf dual range with two ovens, six burners and a 24-inch griddle, plus Wolf ventilation, convection and steam appliances, a Silhouette beverage refrigerator, walk-in pantry and bright breakfast nook. The great room is anchored by a striking concrete fireplace wall with integrated seating and surround sound. Dual sliding doors open to the patio for seamless indoor-outdoor entertaining. A private den, designer powder room, mudroom with custom lockers and second powder room complete the level. Upstairs, the expansive primary retreat overlooks Elboya Park and offers exceptional millwork, separate dressing areas, a sitting area and a spa-inspired ensuite with heated floors, podium tub, dual vanities and steam shower with multiple rain heads and body wands. Three additional bedrooms include one with a private ensuite and two sharing a Jack-and-Jill bathroom. The oversized laundry room provides two stacking LG washer/dryer sets, cabinetry, counters, sink and pull-out drying racks. The third level features a family room, wet bar, private office/den, three-piece bathroom and rooftop terrace with downtown views, exterior audio, ligh ting and natural gas connection. The fully developed lower level adds a large recreation room and wet bar, 5.2 surround sound, professionally appointed gym with its own audio zone and television, two ensuite bedrooms and separate guest laundry. The upgraded Elan G! smart-home system controls 16 audio zones, security, cameras, CentraLite lighting, automated window coverings and irrigation, supported by a dedicated server. Central vacuum with retractable hoses is integrated throughout. A distinctive interior tunnel connects the lower level to a flex room beneath the garage and the oversized 25' x 21' heated double garage with 12-foot ceilings, designed for a vehicle lift. Outside, the gardens and grounds have been renewed, landscaped and replanted. With its architectural pedigree, Paul Lavoie interiors, exceptional entertaining spaces and advanced infrastructure, 531 47 Avenue SW is a one-of-a-kind inner-city estate that would be difficult to replicate today.

property details

type
House, Single Family
bedrooms
6
bathrooms
8
living area
4,639 sq ft
lot
557 m²
parking
2
year built
2015
property tax
$20,880 / yr
days on market
38
MLS®
A2345467

features

  • Back lane
  • Wet bar
  • Closet Organizers
  • No Animal Home
  • No Smoking Home
  • Golf Course Development

monthly cost

$19,124/mo
Mortgage $17,384 · Tax $1,740

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$17,384/ monthly
loan $3,192,000
25-year amortization
total interest
$2,023,214
land title fees
$7,285
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$805,285
down + land title fees
total paid
$5,215,214

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Elboya, CalgaryGoogle Maps ↗

Rapid transit: 39 Avenue CTrain station, 1.2 km (about 19 min walk); Chinook CTrain station, 1.7 km (about 27 min walk).

schools

Nearest public (CBE) and Catholic schools, by distance

  • Elementary · CBE Elboya School176 m
  • Secondary · CBE Calgary Home Education721 m
  • Elementary · Catholic St. Anthony275 m

The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Elaine Choy
Century 21 Bravo Realty
call Elaine · 403-975-2829
Powered by: REALTOR.ca
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similar homes nearby

city assessment

$3,140,000

2026 assessment · market value as of July 1, 2025

  • Up 7.2% from $2,930,000 in 2025
  • $1,500,000 in 2016 (109% over ten years)
  • Asking price is 27% above the assessment
  • Built 2014
  • Lot 557 m² (5,999 sq ft)
roll yearassessed
2026$3,140,000
2025$2,930,000
2024$2,620,000
2023$2,440,000
2022$2,340,000
2021$2,300,000
2020$2,290,000
2019$2,490,000

From City of Calgary open data (property assessments), matched to 531 47 AV SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $20,881 a year

The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $20,880 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

location

Elboya, CalgaryGoogle Maps ↗

Rapid transit: 39 Avenue CTrain station, 1.2 km (about 19 min walk); Chinook CTrain station, 1.7 km (about 27 min walk).

Drive times
  • Elboya1 min
  • Rockyview General Hospital9 min
  • Alternative High9 min
  • University of Calgary Downtown Campus9 min
  • Downtown Calgary10 min
  • YYC airport25 min
85

Walkability 85/100 · Very walkable: most errands on foot

Within a 10 minute walk: 2 grocery stores, 6 places to eat or drink, 2 cafes, 17 parks and playgrounds, 2 schools, 1 pharmacy, 15 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

601 Madison Avenue SW, Calgary
601 Madison Avenue SW, Calgary, photo 2
601 Madison Avenue SW, Calgary, photo 3
601 Madison Avenue SW, Calgary, photo 4
601 Madison Avenue SW, Calgary, photo 5
601 Madison Avenue SW, Calgary, photo 6
House
$3,990,000
4methe deep dive
601 Madison Avenue SW
Elboya, Calgary58 days on market
listed by RE/MAX Realty Professionals
6624,495 sq ft
MLS® A2340061