Welcome to Slave Lake
Slave Lake, Alberta, is a small town located in the Lesser Slave River No. 124, Municipal District in central Alberta, Canada.
It is situated approximately 200 km northwest of Edmonton and is named after the nearby Lesser Slave Lake. From a real estate perspective, Slave Lake offers a range of property types, from single-family homes to townhouses and apartment buildings, catering to a variety of lifestyle and budget preferences. The median house price in Slave Lake is lower than the national average, making it an affordable option for homebuyers.
Featured Slave Lake Properties
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A neighbourhood for everyone.
The town has a diverse real estate market with properties that offer beautiful views of the lake and surrounding natural beauty. The community is well-planned with residential areas, commercial spaces, and recreational facilities. The town's real estate market has remained relatively stable over the years, making it a potentially good investment for those looking to buy property. Whether you are looking for a new family home, an investment property, or a retirement nest, Slave Lake offers a variety of options to choose from.
From a livability perspective, Slave Lake is an excellent place to live, especially for those who love the outdoors. The town is surrounded by stunning natural beauty, including the Lesser Slave Lake Provincial Park, which offers opportunities for fishing, boating, hiking, and bird watching. The community is known for its friendly and welcoming residents, creating a warm and inviting atmosphere for newcomers.
Market Insights
Market Activity
27
Active listings
Average Price
$653,378
Across active sale listings
Avg. Days on Market
309
Days, across active sale listings
Popular Types
Manufactured Home
Most common listing type
Frequently Asked Questions
Is Slave Lake a good place to live?
Slave Lake offers a balanced lifestyle with strong community amenities, diverse housing options, and convenient access to essential services. The area attracts families, young professionals, and retirees seeking quality of life.
What are the best neighbourhoods in Slave Lake?
Slave Lake has diverse neighbourhoods suited to different lifestyles — family-friendly communities with top schools, walkable urban cores with amenities, and quieter residential streets. The best choice depends on your priorities like commute, lifestyle, and budget.
How much do homes cost in Slave Lake?
The average home price in Slave Lake is $653,378. Prices range significantly by neighbourhood and property type, from affordable condos to luxury detached homes.
How competitive is the housing market in Slave Lake?
Market competitiveness varies by season and inventory. There are currently 27 active listings. During high-demand periods properties may receive multiple offers — a local Sutton agent helps you navigate conditions.
How is commuting and transit in Slave Lake?
Slave Lake offers various transportation options including public transit, major highways, and cycling infrastructure. Commute times vary by neighbourhood, and many residents benefit from walkable areas with local amenities.