The Lakes Sold Prices & Sale History
See recently sold MLS® listings in The Lakes. Browse sold prices and find out how much homes actually sell for.
Homes sold in the last 30 days
1
Typical sale price
$790,000
Average time to sell
8 days
Finding accurate comps for The Lakes is essential whether you're buying or selling. Our MLS® past sales data shows you exactly what homes sold for — giving you the comparable sales you need to price correctly.
View property values in The Lakes, see the average home price for 2026, and understand what drives market value in this area. This is the MLS® sold real estate data that smart buyers and sellers use.
The Lakes Sold Data Overview
Over the past 2 years, 3 homes have sold in The Lakes, Lacombe, with a median sold price of $560K. Sale prices have ranged from $543K to $790K. The typical home sells in 26 days, showing a balanced market. Homes are selling at 99.4% of their list price — very close to asking price. Median property taxes in the area run approximately $4,494 annually. The most common property types sold include Detached Single Family (3).
Recently Sold in The Lakes
1 homes sold in the last 30 days. Showing 1 of 1 • Updated April 10, 2026 at 7:55 PM
View all 3 on the map
The Lakes Price Trends & Sale Statistics
See how the market is performing — prices, how fast homes are selling, and whether buyers or sellers have the advantage.
$560,000
Avg: $630,900
Range: $542,700 – $790,000
99.4%
Homes selling near asking
21 days
$379
3 homes sold
Click a property type to view its trends in the chart below:
All Property Types
(click to filter chart)2-Year Market Trends: All Property Types
(3 months)Negotiation & Cost Insights
Sold Above Asking
33%
67% sold below
Median Property Tax
$4,494/yr
Avg: $4,933
Home Size Range
1,653 – 1,672
sq ft
Price Spread
±$112,722
standard deviation
3
Homes sold (last 2 years)
1
Currently for sale
1.0
Months of Inventory (MOI)
100.0%
Absorption Rate (30d)
1
New in April 2026
1 vs 0
Sold count (last 30 vs prior 30): 0.0%
Median price: $790,000 vs $0 (0.0%)
How does The Lakes compare to Lacombe?
The Lakes typical sale price
$790,000
1 sold in last 30 days
Lacombe typical sale price
$457,500
21 sold in last 30 days
Neighbourhood Guide: The Lakes, Lacombe
Neighbourhood Overview
The Lakes is a highly desirable, premium residential neighbourhood in Lacombe, Alberta. Known for its quiet atmosphere and picturesque setting, the community is nestled around beautiful water features and natural reserves. With its tranquil environment and upscale homes, it appeals strongly to families and retirees seeking a scenic, nature-oriented lifestyle within city limits. Properties in this premium market currently see a median sold price of $560,000.
Location
Located in the scenic city of Lacombe, The Lakes is beautifully situated around a network of local water bodies, including Lake Anne, Cranna Lake, and Elizabeth Lake. The neighbourhood offers a peaceful retreat while remaining closely connected to the rest of the city via extensive municipal walking trails and green spaces.
Housing Character
The dominant property type in The Lakes is the premium detached single-family home. The neighbourhood is known for spacious walk-out bungalows, craftsman-style designs, and attached multi-car garages. Many properties boast professionally landscaped, low-maintenance yards with stunning views of the nearby lakes or nature reserves. The market moves steadily here, with homes averaging 21 days on the market.
Schools & Education
The neighbourhood is served by schools from both the Wolf Creek Public Schools and St. Thomas Aquinas Roman Catholic school divisions. Nearby educational options include Father Lacombe Catholic School, École Lacombe Junior High School, and Lacombe Composite High School. Alternative options like Lacombe Christian School and Parkview Adventist Academy are also easily accessible.
Transit & Access
The Lakes is primarily a car-dependent neighbourhood, as Lacombe does not operate a traditional fixed-route public transit system following the discontinuation of the regional bus service. The city does offer the Lacombe Connex dial-a-ride service for seniors and individuals with mobility challenges, but most daily commuting and errands are comfortably handled via personal vehicles.
Shopping & Dining
While The Lakes remains a purely residential enclave, residents are only a short drive from Lacombe's main commercial areas. Downtown Lacombe and the Highway 2A corridor offer a variety of local boutiques, grocery stores, and popular dining spots such as the Milly Oak Café, Totally Gluten-Free Bakery, and local craft breweries.
Parks & Recreation
Outdoor recreation is a hallmark of The Lakes. The neighbourhood is seamlessly integrated into Lacombe's extensive paved walking trails, providing direct access to the scenic loops around Cranna Lake and Elizabeth Lake. Residents also enjoy close proximity to the MEGlobal Athletic Park for organized sports and community events.
Lifestyle & Community
Life in The Lakes is defined by its serene, outdoor-centric appeal. The community offers a relaxed, premium lifestyle where evening strolls along the water and weekend trail walks are part of the daily routine. It is an ideal setting for those who value privacy, nature, and a closely-knit community atmosphere without sacrificing urban conveniences.
Explore nearby neighbourhoods
Compare nearby sold markets around The Lakes.
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Frequently Asked Questions
Website provided by Kelly Grant
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Mortgage values are calculated by hômm and are provided for estimate purposes only.
The hômm Estimate is calculated by instantestimate.house and is provided as a general estimate only.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).
Listing information last updated on April 11, 2026 at 12:00 am (America/Edmonton)
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