Lakeroad, Montreal - August 2026 Real Estate Report

Lakeroad, Montreal: Your Home Is Worth More Than the City Thinks

If you own a home in Lakeroad and you haven't checked your HonestDoor Price lately, you're probably leaving money on the table. The average HonestDoor Price here just hit $719,450 - up 11.77% from the previous period. That's not a rounding error. That's real equity growth that your last tax assessment almost certainly missed.

The Vibe: What's Actually Happening in Our Market

Let's break it down by property type, because houses and condos are telling two different stories right now.

Houses - Strong, But Watch the Short Term

The predicted market value for a house in Lakeroad sits at $949,542. That's the number that matters for us. Recent sales are showing an average of $425,900, with price per square foot around $381. Only 1 house sold last month, so we're working with a tight inventory picture - which tends to keep prices firm.

The 3-month moving average is $956,714, so values have dipped slightly by -1.46% in the very recent window. That's not a crash - it's a breather. The bigger story is where Lakeroad sits on the neighbourhood leaderboard: growth ranks 2 out of 8 comparable areas in Dollard-Des Ormeaux. That puts us solidly above average. And on affordability, we rank 6 out of 6 - meaning Lakeroad is the most accessible entry point in the area compared to neighbours like Fairview ($986,213) and West Park ($812,863).

• Predicted House Value: $949,542
• 3-Month Moving Average: $956,714
• Recent Value Change: -1.46%
• Estimated Monthly Rent: $3,846
• Rental Yield: 4.95%
• Growth Rank: 2 out of 8 in Dollard-Des Ormeaux (above average)
• Price Rank: 6 out of 6 (most affordable in the area)

Condos - Quietly Climbing

Condo owners, here's your good news. Predicted value is $477,052 and it's trending up - the 3-month moving average is $476,719, so we're moving in the right direction. The recent change of +0.17% is modest, but the direction matters. Growth ranks 3 out of 4 comparable condo markets in Dollard-Des Ormeaux, which puts us in the below-average tier for now. Still, Lakeroad condos are priced well above nearby Pierrefonds Roxboro ($393,711), which tells you something about how the market values this address.

• Predicted Condo Value: $477,052
• 3-Month Moving Average: $476,719
• Recent Value Change: +0.17%
• Estimated Monthly Rent: $2,409
• Rental Yield: 3.88%
• Growth Rank: 3 out of 4 in Dollard-Des Ormeaux (below average)

The Secret Sauce: Why Your HonestDoor Price Is the Number That Actually Matters

Here's the honest truth about government assessments: they're snapshots from the past. By the time the city mails you that paper, the market has already moved. The HonestDoor Price is updated in real time, pulling from actual sales data and current market signals. When your HonestDoor Price says $719,450 and it's up nearly 12%, that's not a projection - that's the market talking right now.

For Lakeroad homeowners, the gap between what the city assessed your property at and what a buyer would actually pay today could be significant. Knowing that number gives you leverage - whether you're refinancing, selling, or just figuring out if your insurance coverage still makes sense.

The "So What?" - Should You Sell This Summer?

If you're a house owner thinking about listing this summer, the timing has something going for it. You're sitting in a neighbourhood that ranks 2nd for growth in Dollard-Des Ormeaux, you're the most affordable option compared to Fairview and West Park, and buyers who get priced out of those areas will look at Lakeroad next. That's a real demand driver.

The slight recent dip of -1.46% on houses is worth watching, but one month of data with one sale is not a trend. It's noise. The 11.77% jump in the broader HonestDoor Price tells the real story of where this neighbourhood has been heading.

For condo owners, summer is a reasonable window too. Values are inching up, rental demand is real at $2,409 per month estimated, and a 3.88% yield gives investors a reason to look here. You're not in a hot sprint right now, but you're not standing still either.

Bottom line - check your HonestDoor Price before you make any move. It's the real-world number, not the city's best guess from two years ago.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.