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18 Terrace Heights Drive
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Lacombe · Single Family · under $300,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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This welcoming end unit townhome is in a prime neighbourhood, ideally located just minutes from schools, beautiful parks, walking paths, and everyday conveniences. With NO CONDO FEES, and a functional floor plan throughout; this home provides low-maintenance comfort and excellent value. Walking through the front door into the bright foyer, you’re greeted by durable laminate flooring that throughout the main level. The open living and dining area creates a warm and inviting space for relaxing or entertaining. The adjacent kitchen is functional and bright, with ample cabinetry and counter space. Convenient main-floor laundry adds ease to daily routines. Upstairs, you’ll discover two well-sized bedrooms filled with natural light. There is also a full 4 pc. bath. The layout maximizes space while maintaining a cozy, homey feel. Outside, the fully fenced backyard provides plenty of room for outdoor dining, gardening, or unwinding on warm evenings. Whether you’re a first-time buyer, downsizing, or looking for a great investment property; this affordable, easy-care home in a fantastic community, will deliver comfort, convenience, and value from the moment you walk through the door. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | .00 Ft x .00 Ft | |
| Dining room | 10.08 Ft x 4.58 Ft | |
| Kitchen | 10.08 Ft x 12.58 Ft | |
| Living room | 12.25 Ft x 17.17 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 13.42 Ft x 11.92 Ft | |
| Primary Bedroom | 12.00 Ft x 17.25 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
3.78%
Cap rate
5.62%
GRM
11.8
Break-even rent
$1,721
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 8, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.