Lakefield, Ontario, Canada
As of August 12, 2026, the median asking price in Lakefield is $680,000, across 17 active MLS® listings.
Those listings have been on the market an average of 70 days.
3 new listings came to market in Lakefield in the last 30 days.
Detached homes in Lakefield are listed at an average of $662,867 across 9 active listings.
Lakefield is a historic village community in Selwyn Township (Peterborough County) centered along the Otonabee River and close to Katchewanooka Lake and the Trent–Severn Waterway. The neighbourhood character is small-town and scenic, with a walkable main street, older heritage homes mixed with newer subdivisions, and a strong lifestyle orientation tied to boating, cottages, and outdoor recreation. Demographics skew toward families and professionals who commute to Peterborough, along with retirees and second-home owners drawn to waterfront access and a slower pace of life.
Key amenities include local shops and services in the village core, parks and trails along the water, marinas/boat launches, and easy access to Highway 7/115 via Peterborough for broader regional connections. Schools commonly serving the area include Lakefield District Public School and Lakefield College School (independent), with additional options in nearby Peterborough; day-to-day transit is primarily car-dependent with limited regional transit connectivity. Real estate trends typically show resilient demand and tighter inventory relative to nearby urban areas, supported by lifestyle buyers and limited developable land near the water; however, rental supply is smaller and seasonality/short-term rental competition can influence achievable rents. Overall, investment prospects are strongest for well-located single-family homes (including suited basements where permitted) and properties appealing to professionals working in Peterborough, with moderate yields but solid long-run appreciation potential.
Lakefield currently has 30 active listings with a median asking price of $659,000 and an average of $422/sqft, giving buyers and investors a clear benchmark for today’s pricing. Homes are taking an average of 92 days to sell, suggesting a more deliberate pace and room for negotiation, while 12 new listings in the past 30 days indicate fresh inventory is continuing to come to market.
The median asking price in Lakefield is $680,000, across 17 active MLS® listings as of August 12, 2026. The average asking price is $640,618. These are list prices on homes currently for sale, not sale prices.
There are 17 active MLS® listings in Lakefield as of August 12, 2026. 3 of them came to market in the last 30 days.
Homes currently listed in Lakefield have been on the market an average of 70 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 17 homes currently listed in Lakefield, 53% detached houses, 12% townhouses, 6% vacant land, 6% duplexes.