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Lakefield Real Estate

Margaret Laurence wrote here; Prince Andrew studied here — Katchewanooka Lake does the rest

~2,800
Population
~$680K
Avg Home Price
Village
Municipality Type
Peterborough County
Region

Lakefield sits 15 km north of Peterborough on the Trent-Severn Waterway where the system passes through Katchewanooka Lake, giving the village the kind of waterfront character that turns seasonal visitors into permanent residents. The Lakefield College School — whose alumni include Prince Andrew and various Canadian establishment figures — gives the village an educational prestige unusual for a community of 2,800. Margaret Laurence, one of Canada's greatest novelists, lived her final years in Lakefield, and the quiet, lake-edged, literary atmosphere she found here is still very much present on the main street where she walked.

Peterborough's full services are a short drive south, making Lakefield a true village residence rather than an isolated outpost — you can live in Lakefield and access a hospital, university, theatre, and full retail without the commute that comparable cottage country locations demand. The Trent-Severn Waterway brings summer boating traffic through the village lock, the beaches on Katchewanooka are accessible by kayak from several village launches, and the residential streets behind the main strip have the kind of Victorian homes that come with wraparound porches and histories measured in chapters rather than years.

Village Heritage Homes

Victorian and Edwardian homes on Lakefield's residential streets — within walking distance of the main street, lock, and Katchewanooka Lake. Stable community with strong school and institutional anchors.

~$580K–$950K

Katchewanooka Waterfront

Lake frontage on Katchewanooka — Trent-Severn system access, summer boating, and swimming. The lake connects to the full Trent waterway for those who want to cruise the system.

~$850K–$1.5M

Surrounding County Properties

Smith-Ennismore-Lakefield Township farmland and rural properties — productive Peterborough County land with village proximity and county access without village prices on every lot.

~$480K–$750K

Lakefield Real Estate — FAQ

What is the average home price in Lakefield?
Homes in Lakefield average around $680,000, reflecting the village's Trent-Severn waterway access, Peterborough County amenity proximity, and strong institutional anchors including Lakefield College School.
What is Lakefield College School?
Lakefield College School is one of Canada's premier private boarding schools, founded in 1879. Alumni include Prince Andrew, who attended in 1977, and various Canadian public figures. The school's campus borders Katchewanooka Lake and is one of the defining institutions of the Lakefield community.
What is Lakefield's connection to Margaret Laurence?
Margaret Laurence (1926–1987), author of The Stone Angel, The Diviners, and the Manawaka cycle, spent her final years in Lakefield. She chose the village for its quiet character and lakeside setting, and was a committed community member until her death. The Lakefield Literary Festival honours her legacy annually.
How far is Lakefield from Peterborough?
Lakefield is approximately 15 km north of Peterborough — about 15–20 minutes by car. Peterborough provides the full range of urban services including Peterborough Regional Health Centre, Trent University, and a complete retail and dining scene.
What outdoor activities are near Lakefield?
Trent-Severn Waterway boating, Katchewanooka Lake swimming and kayaking, Warsaw Caves Conservation Area (24 km north), Kawartha Lakes region fishing, and the Otonabee River paddling routes. Algonquin Park's southern access points are about 90 minutes north.
Does Ontario's Land Transfer Tax apply in Lakefield?
Yes. Ontario's provincial LTT: 0.5% on the first $55,000; 1.0% on $55,001–$250,000; 1.5% on $250,001–$400,000; 2.0% on $400,001–$2,000,000. On a $680,000 purchase that's approximately $9,475. No municipal LTT outside Toronto. First-time buyers may claim the FTHB rebate up to $4,000.
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