Downtown Lacombe, Lacombe · MLS® A2347661
222
1,124 sq ft · 1,980 sq ft lot · Townhouse · Single Family · built 1992 · 31 days on market
listed by Jessica LeBreton, CIR Realty
AFFORDABLE, LOW MAINTENANCE, & UPDATED with NO condo fees! This 2 bedroom, 2 bathroom townhouse is a great option for first-time buyers, downsizers or investors, with many of the big ticket renovations already taken care of. Perfect opportunity to get into the Lacombe Market! Recent improvements include a new hot water tank (2025), PEX plumbing (2022), HIGH EFFICIENCY furnace (2020), shingles (2022), washer/dryer (2022), energy-efficient QUALITY JELDEN vinyl windows (2020), VINYL PLANK FLOORING, FRESH PAINT, UPDATED LIGHTING and a NEWER ELECTRICAL PANEL. That’s a substantial list of major updates!Inside, the main floor is bright and functional with a spacious living room, kitchen and dining area, convenient 2-piece bathroom and main-floor laundry. Upstairs are two generously sized bedrooms and a full 4-piece bathroom with cheater door from primary.The unfinished basement provides plenty of storage and leaves room to add more living space in the future (or sellers will have finished for you!)Outside, you have your own fully fenced, low-maintenance private yard, making it an especially great setup for anyone with a dog. Enjoy your own outdoor space without spending every weekend maintaining it.Located in an established Lacombe neighborhood close to schools, parks, shopping and amenities. With no condo fees, and the expensive updates already completed, this is an affordable home you can move into and enjoy! (Sellers can finish the basement, adding a THIRD BEDROOM, THIRD BATHROOM and SECOND living room by possession if buyers wanted).
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Costs: mortgage $1,133 · tax $190 · 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
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about $2,839 a year
The asking price times Lacombe's 2026 residential rate of 10.92 per $1,000 (municipal and education).
The listing shows $2,282 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 84/100 · Very walkable: most errands on foot
Within a 10 minute walk: 2 grocery stores, 10 places to eat or drink, 1 cafe, 17 parks and playgrounds, 2 schools, 1 pharmacy.
mihom score from OpenStreetMap places, by straight line distance.