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Real Estate in Lancaster Meadows, Red Deer

Lancaster Meadows suits buyers who want a quiet, established family neighbourhood in Red Deer''s southwest without sacrificing urban convenience.

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Active listings

6

Median list price

$509,900

Avg list price

$504,904

Homes for Sale in Lancaster Meadows, Red Deer

Showing 3 of 6 active MLS® listings

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110 Lord Close, Red Deer

$509,900

110 Lord Close, Red Deer

Bungalow · 3 bed · 3 bath · 1,332 sqft

83 Lawrence Crescent, Red Deer

$514,900

83 Lawrence Crescent, Red Deer

2 Storey · 3 bed · 3 bath · 1,665 sqft

189 Lampard Crescent, Red Deer

$489,911

189 Lampard Crescent, Red Deer

Bungalow · 2 bed · 3 bath · 1,253 sqft

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Buying in Lancaster Meadows

Who fits here

Lancaster Meadows suits buyers who want a quiet, established family neighbourhood in Red Deer''s southwest without sacrificing urban convenience. The area is characterized by a mix of detached single-family homes, semi-detached properties, and townhomes built primarily in the 2000s and 2010s, giving buyers a range of entry points. Families are well-served by nearby schools in the Red Deer Public and Catholic systems, including Hunting Hills High School roughly 10 minutes away — one of two large high schools in the district with about 1,400 students. The Collicutt Centre, Red Deer''s flagship 250,000-square-foot leisure complex at 3031 30 Avenue, sits a short drive south and offers a wave pool, fitness studio, climbing wall, and arena. Internal park space and pedestrian connections within the neighbourhood make it easy to walk with kids or dogs without heading onto arterials. Buyers typically include young families trading up from condos or rentals, as well as move-down buyers from larger homes who still want a yard and garage. The southwest quadrant has a calmer pace than Red Deer''s more commercial corridors, but Gaetz Avenue and the Bower area put groceries, banks, and restaurants within a five-minute drive. If you want a turnkey family home in a neighbourhood that already has its roots firmly in place, Lancaster Meadows is worth a close look.

Current market in the neighbourhood

Lancaster Meadows homes are currently listed from approximately, with an average list price of $504,904. The neighbourhood''s 6 active listings reflect steady demand from Red Deer''s family buyer pool. Over the past 12 months, homes changed hands, with a median sold price and an average price per square foot. Properties here typically spend days on market before going firm, and sellers achieve a sale-to-list ratio of — both figures pointing to a balanced market where well-presented homes move without excessive negotiation.

Commute and lifestyle

Lancaster Meadows sits in Red Deer''s southwest, putting Gaetz Avenue — the city''s main north-south spine — within a few minutes by car. Downtown Red Deer and most major employment nodes are roughly a 10–15 minute drive, and Quesnel Drive connects the neighbourhood directly to the broader street grid without forcing residents through congested corridors. Red Deer Transit Route 11 runs between Sorensen Station and the Bower Transit Hub via Lancaster, offering bus service every 30 minutes during peak hours for residents who prefer to leave the car at home. Highway 2 access for Calgary or Edmonton commutes is straightforward, keeping both cities under 90 minutes. Day-to-day errands are covered by a grocery and retail cluster near Gaetz Avenue and 67 Street, and the Bower area provides additional shopping and dining options. Bower Ponds — one of Red Deer''s most popular year-round recreation destinations, with paddleboats in summer and skating in winter — is under 10 minutes away. The Waskasoo Park trail network, which threads more than 80 kilometres through the city, is also accessible from the southwest, giving residents off-road running, cycling, and cross-country ski routes right on their doorstep. The combination of quick car commutes, viable transit, and outdoor recreation access makes Lancaster Meadows a practical and livable base.

Long-term context

Red Deer''s real estate market has benefited from Alberta''s broader economic recovery and population growth since 2021, with residential assessed values across the city rising an average of 7% in recent assessment cycles. Lancaster Meadows, as a family-oriented community in the sought-after southwest quadrant, has tracked alongside or slightly above city-wide trends given its concentration of detached single-family homes — a property type that has held its value well in mid-sized Alberta cities. Red Deer''s position as Alberta''s third-largest city and a major Central Alberta service hub for healthcare, oil-and-gas services, and agriculture provides economic resilience that underpins housing demand. Entry prices in Lancaster Meadows remain meaningfully below comparable suburban neighbourhoods in Calgary and Edmonton, giving buyers both near-term affordability and room for appreciation as Alberta''s interprovincial migration continues to direct buyers toward mid-sized cities. Buyers purchasing here today are entering a market where supply remains relatively contained in the established SW quadrant, which limits downside risk on resale.

About Lancaster Meadows

Overview

Lancaster Meadows is a vibrant, family-friendly neighbourhood in Red Deer, Alberta. Known for its ample green spaces, peaceful residential streets, and exceptional access to schools, this community is highly sought after by growing families, professionals, and retirees. With an engaging local atmosphere and premier amenities nearby, homes here typically spend on the market.

Location

Situated in the southern sector of Red Deer, Lancaster Meadows is bordered by desirable communities such as Laredo, Lonsdale, and Lancaster Green. The neighbourhood provides a quiet suburban retreat that is conveniently positioned near major transportation routes, allowing for a relatively quick and straightforward commute into the city's downtown core.

Housing character

The real estate landscape in Lancaster Meadows is defined predominantly by single-family detached homes built after the year 2000, complemented by a selection of modern townhomes and condominiums. The neighbourhood features a calm ambiance with a high rate of homeownership. The community offers mid-range price positioning with an average sold price and homes often achieving a sale-to-list ratio.

Schools

Education is a central pillar of the community, making it a major draw for families. Lancaster Meadows is uniquely positioned near two prominent secondary institutions: Hunting Hills High School and École Secondaire Notre Dame High School. Younger students also benefit from excellent nearby public and Catholic options, including Lancaster School, Mattie McCullough Elementary, and St. Francis of Assisi Middle School.

Transit

Driving is the most practical transportation method in Lancaster Meadows, with easy access to main roads and ample residential parking. While public transit is available via local bus lines with stops dotted throughout the area, the neighbourhood is also highly accommodating to cyclists. The flat terrain and well-maintained cycling infrastructure make biking an excellent option for local travel in the warmer months.

Shopping and dining

While preserving its quiet residential feel, Lancaster Meadows provides convenient access to everyday essentials. Residents can take a short drive to nearby commercial plazas, particularly in the adjoining Lancaster Green area, which hosts grocery stores, cozy cafes, and a variety of casual dining restaurants.

Parks and recreation

Outdoor recreation is a major highlight for the neighbourhood. Lancaster Meadows Park acts as the community's central outdoor hub, offering playgrounds, sports fields, and paved walking trails. Furthermore, residents live right next door to the Collicutt Centre, Red Deer's premier leisure and wellness facility, featuring a large indoor pool, waterslides, and comprehensive fitness amenities.

Lifestyle

Life in Lancaster Meadows is active, engaging, and deeply rooted in community spirit. A dedicated local community association frequently organizes neighborhood events, from summer barbecues to holiday celebrations, fostering a strong sense of belonging among neighbours. The blend of excellent recreational facilities and peaceful green spaces creates an ideal setting for a balanced, family-oriented lifestyle.

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Frequently Asked Questions

Lancaster Meadows offers a mix of single-family detached homes, semi-detached properties, and townhomes. Most were built between the early 2000s and 2010s. Detached homes are the most common type, typically offering attached garages and private yards suited to family buyers.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Mortgage values are calculated by hômm and are provided for estimate purposes only.

The hômm Estimate is generated by an automated valuation model using publicly available data, including municipal property assessments. It is a general estimate only, not an appraisal.

Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).

Listing information last updated on September 10, 2026 at 2:00 am (America/Edmonton)