Bank-owned New

$4,500,000

1020 Bel-Aire Drive SW

Bel-Aire, City Centre Calgary, AB T2V 2B9

5 bedrooms · 6 bathrooms · 4,131 sq ft

Buying a bank-owned home

Can I put conditions on my offer?
Yes. Banks usually accept financing, inspection and condo document conditions.
Will they counter or negotiate?
Yes. The bank is on title, so it can counter-offer like a regular seller.
How long until I know?
Usually a few days, rarely more than a week.

How bank-owned sales work →

About this house

OPEN HOUSE: SUNDAY NOVEMBER 15 2-4PM. Welcome to an extraordinary custom residence in the prestigious community of Bel-Aire, where timeless architecture, exceptional craftsmanship and thoughtful design come together. Meticulously reimagined by the homeowner in collaboration with award-winning designer Paul Lavoie, this remarkable home underwent an extensive transformation, completed in 2014. Taken back to the studs, substantially expanded and rebuilt with carefully selected materials sourced from around the world, every element was considered, from the grand architectural details to the finest finishes. Offering over 8,000 sq. ft. of beautifully developed living space, the home features five bedrooms, each with its own private ensuite and heated floors. The addition of an ICF foundation allowed for impressive 10-foot ceilings in the lower level, while the main floor was redesigned with soaring 12-foot ceilings and expansive windows that fill the principal living spaces with natural light. Heated Crema Marfil marble flooring flows throughout, setting the tone for the exceptional quality found at every turn. At the heart of the home is a beautifully appointed chef's kitchen, featuring premium appliances including a Wolf gas range and Miele refrigerator and freezer. Designed for both everyday living and entertaining, the main level offers generous gathering spaces, an elegant formal dining room and a seamless balance of sophistication and comfort. The private primary retreat is a sanctuary of its own, complete with a fireplace and a spa-inspired ensuite designed for relaxation. A striking walnut staircase leads to the fully developed lower level, thoughtfully designed for recreation and entertaining. Enjoy a dedicated golf simulator, music room and temperature-controlled wine cellar. An elevator provides convenient access between levels, further enhancing the home's functionality. The attention to detail continues into the heated double attached garage, designed to accommodate the future installation of two vehicle lifts, while the oversized driveway provides parking for four additional vehicles. Outdoors, the beautifully landscaped backyard offers a private retreat surrounded by towering mature spruce trees. An outdoor fireplace creates an inviting setting for quiet evenings or entertaining, with a sense of seclusion rarely found in an inner-city location. Situated on one of Calgary's most prestigious residential streets, 1020 Bel-Aire Drive SW represents a rare opportunity to own a truly bespoke residence, where architectural excellence, luxurious finishes and exceptional attention to detail define every space. Property AS-IS

Details

Status
Active
MLS® number
A2356927
Type of sale
Bank-owned
Property type
Detached
Community
Bel-Aire
Year built
1972
Style
Bungalow
Bedrooms
5
Bathrooms
5 full, 2 half
Living area
4,131 sq ft (above grade)
Lot size
13,551 sq ft
Zoning
R-C1L
Price per sq ft
$1,089
Basement
Full, Finished
Parking
Double Garage Attached
Ensuite
Yes
Fireplaces
3
Possession
60 Days / Neg
Listed
November 12, 2026

Features

Heating & cooling
In Floor, Fireplace(s), Forced Air, Central Air
Flooring
Hardwood, Marble, Stone, Tile
Appliances
Bar Fridge, Built-In Freezer, Built-In Refrigerator, Central Air Conditioner, Dishwasher, Garage Control(s), Gas Range, Microwave, Range Hood, Tankless Water Heater, Washer/Dryer, Water Purifier, Water Softener, Window Coverings, Wine Refrigerator
Interior
Bar, Bidet, Bookcases, Breakfast Bar, Built-in Features, Central Vacuum, Chandelier, Closet Organizers, Crown Molding, Double Vanity, Elevator, French Door, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Skylight(s), Soaking Tub, Storage, Sump Pump(s), Tankless Hot Water, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
Exterior
Courtyard, Garden, Private Yard, ICFs (Insulated Concrete Forms), Post & Beam, Stone, Stucco, Wood Frame

Location

Use Up close to check for busy roads, train tracks and commercial neighbours.

Estimated monthly cost

Mortgage (20% down, 4.49%, 25 years)$19,905
Property tax (2026: $21,013 ÷ 12)$1,751
Total before utilities and insurance$21,656

An estimate only. Your rate, down payment and mortgage insurance will change it.

What houses sold for in Bel-Aire

In the last 12 months, 6 houses sold in Bel-Aire (all sales, not just foreclosures) at a median price of $2,350,000 ($760 per sq ft), after a median of 3 days on the market. This one is listed at $1,089 per sq ft, 43% above that median.

Price per square foot doesn't account for condition, upgrades, lot, view or parking, and foreclosures are sold as is. Ask Jerry for a full comparison before you offer.

Listing courtesy of Century 21 Masters. MLS® A2356927.

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All City Centre Calgary foreclosures → All foreclosure houses →