Lakewood Homes under $500,000

Welcome to Lakewood, Alberta—a hidden gem nestled in the heart of the province, where community spirit and natural beauty harmoniously blend. This vibrant neighborhood is perfect for families, young professionals, and anyone seeking a serene yet engaging lifestyle. With its picturesque landscapes and well-planned amenities, Lakewood is a place where you can truly feel at home.

One of the standout features of Lakewood is its commitment to outdoor living. Residents enjoy access to lush parks, scenic walking trails, and a variety of recreational facilities that encourage an active lifestyle. Whether you’re jogging along the winding paths, enjoying a picnic with loved ones, or participating in community events, Lakewood fosters a sense of belonging and connection among its residents.

For those considering making Lakewood their home, you’ll be pleased to discover a range of affordable housing options. With homes available for under $500,000, this community offers an excellent opportunity for first-time buyers and those looking to downsize without compromising on quality. From charming single-family homes to modern townhouses, each property is designed with comfort and style in mind, ensuring that you find the perfect fit for your lifestyle.

In addition to its affordable housing market, Lakewood boasts excellent schools, shopping centers, and dining options, making it a convenient and desirable place to live. With a welcoming atmosphere and a strong sense of community, Lakewood is more than just a neighborhood; it’s a place where memories are made and dreams come true. Come and discover the beauty of Lakewood, where your next chapter awaits!

Newest Lakewood Homes under $500,000

$499,996

3 Beds ⋅ 3 Baths ⋅ A2355401 MLS® #

BRAND NEW & READY NOW | QUICK POSSESSION | WALKOUT BASEMENT | DOUBLE ATTACHED GARAGE | 3 BEDROOMS + BONUS ROOMYour new home is ready—why wait? Welcome to 182 Lakewood Crescent in Strathmore’s growing Lakewood community, where a bright, thoughtfully designed layout, generous gathering spaces and a walkout basement create a home with room for every part of your life. Construction is complete, showings are available and quick possession puts your next chapter within reach.The open-concept main floor brings everyone together. Prepare dinner while staying connected to the conversation, gather around the dining table, or settle into the living room beside the cozy fireplace. Step onto the rear deck for fresh air and outdoor entertaining. A convenient pantry, mudroom, welcoming foyer and 2-piece bathroom keep daily life organized, while the double attached garage provides parking and valuable storage.Upstairs, your spacious primary retreat measures approximately 12'5" x 18'1", offering room to unwind, a walk-in closet and a 5-piece ensuite. Two additional bedrooms and a 4-piece bathroom provide space for family or guests, and upper-floor laundry puts convenience exactly where you need it. The generous bonus room is a standout: create your movie-night destination, a playroom, a home office or a comfortable second lounge.The walkout lower level adds another exciting dimension, with a large recreation area, storage and utility space, and direct access to the rear patio. Imagine the possibilities for a home gym, games area or additional gathering space, with flexibility to suit your needs.Three bedrooms. A bonus room. Outdoor living on two levels. A walkout basement. A double attached garage. All in a brand-new home you can see today and move into soon.Book your showing and discover how good your next chapter could look at 182 Lakewood Crescent!

182 Lakewood Crescent, Wheatland County

Courtesy of Prep Realty Inc..

$390,000

5 Beds ⋅ 3 Baths ⋅ A2342762 MLS® #

There is something about a mature neighbourhood that you simply can’t recreate. Big trees, lovely neighbours and homes that have been part of the story for decades. Welcome to 642 Lakewood Road E, a solid bungalow with plenty of space, 5 bedrooms, 3 bathrooms and a whole lot more waiting inside than you might expect. Step through the front door and you’ll immediately notice how fresh and bright the main floor feels, with brand new flooring flowing through the living spaces and bedrooms. The living room is anchored by a classic brick wood-burning fireplace, framed by windows that bring in views of the mature trees outside. Around the corner, the kitchen offers an abundance of oak cabinetry, stainless steel appliances, a large peninsula and plenty of room for everyone to gather around the table. Patio doors extend the living space outside to the oversized back deck and yard, making summer suppers and backyard BBQs an easy part of everyday life. The main floor offers three bedrooms, including a spacious primary bedroom with its own ensuite, along with an additional full bathroom. Then head downstairs, because this basement is anything but an afterthought. The expansive family and recreation area gives you room to spread out, whether that means movie nights, a games table, a playroom, home gym or all of the above. Warm wood detailing and a second fireplace give the space character that you just don’t find in every home. 2 more bedrooms, plus a bathroom, laundry room and storage, make the basement full of valuable space! Outside, mature trees surround the property and give this established lot the kind of shade and character that takes years to grow. Here you'll enjoy a double attached and heated garage, Central A/C, Central Vac and BRAND NEW shingles! This is a home with good bones, generous spaces and plenty of personality. Move in, make it yours and start writing the next chapter. Welcome home!

642 Lakewood Road E, Brooks

Courtesy of Real Estate Centre.

$377,900

3 Beds ⋅ 2 Baths ⋅ A2340353 MLS® #

Welcome to this beautifully maintained 1,344 sq. ft. bungalow offering comfort, space, and plenty of recent upgrades. Featuring three bedrooms, two full bathrooms, a large eat-in kitchen, and a cozy fireplace on the main floor, this home has been exceptionally well cared for and is truly move-in ready.Over the past few years, numerous updates have been completed, including newer flooring, windows, bathrooms, fixtures, and several appliances. The result is a home that feels fresh, bright, and welcoming while retaining the comfortable character of a well-loved family home.The lower level offers excellent flexibility with a separate side entrance and plenty of bright, usable space ready for your own creative ideas. It is already pre-plumbed for a full bathroom, or leave it as-is for a spacious recreation area, home gym, office, or additional living space.Outside is where this property also shines. Siding and shingles have been replaced, and the attached workshop provides a fantastic space for hobbies, projects, storage, or the handy homeowner. Underground sprinklers keep it green all season long. But the real showstopper is the private garden escape—an exceptional outdoor retreat that has been thoughtfully developed and lovingly cared for. It is the kind of space you will want to enjoy all summer long. Have you seen the workship ? If you like to create, fix, or build this is could quickly become your favoite place in the home. When guests come, there is ample off street parking. This is a home that has clearly been loved, maintained, and improved over the years. If you are looking for a clean, comfortable bungalow with great living space, valuable upgrades, a flexible lower level, and an outstanding backyard retreat, this one deserves a closer look! Centrally located close to parks, walking paths and schools, make an appointment for showing soon.

3 Lake Bevan Drive E, Brooks

Courtesy of Royal LePage Community Realty.

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Lakewood Homes under $500,000

Newest Lakewood Homes under $500,000

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How much is your home worth?