Calgary Flames Penthouse Slashes Price by $2 Million

A significant piece of Calgary Flames history has been listed for sale at a reduced price. The penthouse, previously owned by the late Harley and Rebecca Hotchkiss, is now available for $7,500,000, down from its original listing of $9,500,000. This property, located at 1201, 690 Princeton Way SW, is a unique offering as it has never been on the market before.

Harley Hotchkiss was instrumental in the relocation of the NHL’s Atlanta Flames franchise to Calgary in 1980. He was one of six local businessmen who made this possible and played a crucial role in the construction of the Scotiabank Saddledome. Hotchkiss passed away in 2011 at the age of 83, leaving behind a legacy intertwined with the city’s hockey culture.

Luxury Living with a View

The penthouse spans nearly 5,000 square feet and features two bedrooms and six bathrooms. It is situated alongside the Bow River, directly across from Prince’s Island Park. The property was custom-built in 2002 and designed by Gibbs Gage Architects, with interior design contributions from Arthur Fishman. The penthouse occupies the southwest side of the top three floors of the building.

Notable features of the residence include an elegant oval staircase and a breakfast nook that offers abundant natural light through east, south, and west-facing windows. The main bedroom is complemented by two sets of doors leading to a French terrace, as well as a fireplace and a cozy library area. The guest quarters are equally impressive, accommodating two double beds along with a sitting area and an ensuite bathroom that includes a soaking bathtub and a striking vanity.

Additionally, the penthouse boasts over 5,500 square feet when including its exterior living space. The design details, furnishings, and millwork are inspired by the lavish decor of Chateau de Versailles, enhancing the sense of grandeur throughout the property.

Market Trends and Future Prospects

This listing comes at a time when Calgary’s real estate market shows varied demand. While the luxury segment often fluctuates, the interest in high-profile properties remains robust. Potential buyers might find this penthouse particularly appealing, not only for its historical significance but also for its prime location and exquisite design.

For those interested in exploring Calgary’s real estate landscape, various neighborhoods are currently trending, with some being more desirable than others. The full listing for the penthouse, complete with visuals and additional details, can be accessed through Coldwell Banker Mountain Central.

As this property makes its appearance on the market, it not only represents a luxurious living option but also serves as a reminder of the rich history associated with the Calgary Flames and the city’s vibrant sports culture.