Terrace Heights, Lacombe · MLS® A2341018
221
1,068 sq ft · 2,124 sq ft lot · Townhouse · Single Family · built 2003 · 53 days on market
listed by Jane Wierzba, RE/MAX real estate central alberta
Looking for a well cared for and cozy place to call home, or an investment to add to your portfolio, with excellent return? This townhome may be your perfect opportunity! Offering a comfortable layout that is perfect for everyday living, entertaining, and making a place feel like home. Step inside to a living room with a gas fireplace and ample natural light from the picture window. The living area flows naturally into the kitchen and dining space. The kitchen and dining room offer ample workspace along with the added convenience of a pantry for extra storage. A conveniently located bathroom and separate laundry room complete the main floor. The upper level hosts the primary bedroom with a generous closet, and offers a good-sized additional bedroom that could easily be used for family, guests, an office, or whatever best suits your lifestyle. A well-appointed full bathroom completes this level. Outside, you’ll appreciate the attractive front lawn and the added privacy of a fenced backyard. With its practical layout, comfortable living spaces, and private outdoor area, this Terrace Heights townhouse is ready for someone to settle in, make it their own, and call it home. Location can’t be beat close to schools, Burnman University and other amenities.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Costs: mortgage $1,067 · tax $192 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Lacombe: CMHC's average there ($1,451) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.
about $2,675 a year
The asking price times Lacombe's 2026 residential rate of 10.92 per $1,000 (municipal and education).
The listing shows $2,304 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. Without the city's assessment this uses the asking price, so it's a rough guide.
Walkability 26/100 · Mostly by car
Within a 10 minute walk: 14 parks and playgrounds, 1 school.
mihom score from OpenStreetMap places, by straight line distance.
nothing comparable on the market right now.