Lakeridge, Saskatoon: Best for Owner-Occupied Families Who Want Single-Family Housing Near a Lake-Named Street Grid

Lakeridge is an established southeast Saskatoon neighbourhood with housing that is almost entirely single-family and owner-occupied, a profile that tends to suit move-up families and owner-occupied buyers rather than renters, first-time buyers seeking the lowest entry price, or investors seeking a large rental pool.

Lakeridge at a Glance

Lakeridge is an established southeast Saskatoon neighbourhood in Ward 9, built mostly between 1981 and 1990, with streets named after Saskatchewan lakes. It may be a strong fit for move-up families and owner-occupied buyers who want single-family housing, two schools, and a neighbourhood park in a consistent, low-density setting. It may be less suitable for buyers who want rental housing, condos, the lowest possible entry price in the city, or a wide mix of housing types.

According to the City of Saskatoon’s most recent neighbourhood profile (24th edition, December 2025), Lakeridge had a 2025 population of 3,818, a homeownership rate of 97 percent, and an average household size of 2.8. The same profile shows a 2024 dwelling mix of 1,202 single-family dwellings and 6 two-unit dwellings out of 1,208 total dwellings, meaning Lakeridge’s housing stock is almost entirely single-family.

Quick Facts

Category	Lakeridge Details
Area of Saskatoon	Southeast Saskatoon, within Ward 9
Population	3,818, City of Saskatoon 24th edition (December 2025) neighbourhood profile
Homeownership Rate	97 percent owned, 3 percent rented (2021 Census)
Average Household Size	2.8
Main Housing Types	Single-family homes, with a small number of two-unit dwellings
Dwelling Mix	1,202 single-family dwellings and 6 two-unit dwellings out of 1,208 total dwellings (2024), no recorded condo townhouse, apartment condo, or semi-detached units
Neighbourhood Area	121.7 hectares, or 300.8 acres, at 9.9 dwelling units per hectare
Main Parks	Crocus Park
Park Space	7.6 hectares, or 18.8 acres, classified as Neighbourhood-type park space
Schools in the Area	Lakeridge School and Ecole St. Luke School
Nearby Amenities	Lakewood Urban Centre, Boychuk Drive commercial nodes, neighbourhood-level services
Transit and Road Access	Saskatoon Transit Route 55 Lakeridge/University, access to Boychuk Drive, Highway 16, and Circle Drive
Buyer Fit	Move-up families and owner-occupied buyers who value a consistent single-family street grid over housing variety or the lowest entry price

The City profile includes time-sensitive real estate sales data showing average sale prices by property type in Lakeridge. These figures should be treated as historical context, not a current pricing guarantee.

Where Is Lakeridge in Saskatoon?

Lakeridge sits in the southeast portion of Saskatoon, within Ward 9. Wikipedia describes the neighbourhood as bounded by Taylor Street to the north, Weyakwin Drive to the west, Highway 16 to the south, and Boychuk Drive to the east.

For buyers, the location offers road access without being central. Boychuk Drive and Circle Drive connect to the rest of Saskatoon’s road network, and Highway 16 gives residents a route out of the city to the southeast. The neighbourhood sits near Lakeview and the Lakewood Urban Centre, both part of the same general southeast pocket of the city.

Lakeridge has a consistent suburban feel built largely during one construction era. Streets are named after Saskatchewan lakes, a naming pattern shared with neighbouring Lakeview. That consistency, combined with the neighbourhood’s near-total single-family housing stock, gives Lakeridge a distinct identity within Saskatoon’s southeast.

What Is Lakeridge Known For?

Lakeridge is known for being one of the most heavily single-family, owner-occupied neighbourhoods in Saskatoon. The City’s 2024 dwelling count shows 1,202 of 1,208 total dwellings as single-family homes, with only 6 two-unit dwellings and no recorded condo, apartment, or semi-detached units in the dwelling count.

The neighbourhood is also known for its housing age. The City profile shows 66 percent of dwellings were built between 1981 and 1990, with another 30 percent from 1991 to 2000. That means the large majority of homes in Lakeridge share a similar construction era, which can appeal to buyers who want a predictable housing stock, though it also means age-related maintenance items tend to show up across the neighbourhood at similar times.

Lakeridge is known for a very high homeownership rate. The 2021 Census figure cited in the City profile shows 97 percent of households owned their home and only 3 percent rented, one of the highest ownership rates among Saskatoon neighbourhoods.

Who Is Lakeridge a Good Fit For?

Lakeridge fits buyers who want an established, almost entirely owner-occupied suburban setting with single-family housing, schools, and a neighbourhood park close to home. With a homeownership rate of 97 percent and only 3 percent of households renting in the 2021 Census, Lakeridge has one of the smallest rental pools among Saskatoon neighbourhoods, which lines up directly with its single-family-dominant housing mix.

The City profile’s 2024 median multiple of 4.86 is above the Saskatoon citywide average of 3.96, which means Lakeridge is, by the City’s own affordability measure, a comparatively less affordable neighbourhood relative to local incomes than the city overall. The 2022 median total personal income reported for Lakeridge was $59,340, above the citywide figure of $44,650 cited in the same profile.

Families considering Lakeridge should know that the average household size of 2.8 and the household structure data, 975 one-family households out of 1,200 total households in the 2021 Census, point to a neighbourhood weighted toward family living. Lakeridge School (Saskatoon Public Schools, regular program with a Montessori stream, kindergarten to grade 8) and Ecole St. Luke School (Greater Saskatoon Catholic Schools, with a French Language Program) are both located in the neighbourhood.

Lakeridge may be a better fit for buyers who are comfortable with an established neighbourhood built mostly in one era and want single-family housing, a park, and schools within the neighbourhood. It may be less suitable for buyers who want rental housing, condo or apartment options, the newest possible construction, or the lowest entry price in the city.

School availability, programs, transportation, and boundaries should always be confirmed directly with Saskatoon Public Schools or Greater Saskatoon Catholic Schools before buying.

Schools And Childcare

Lakeridge School, located at 305 Waterbury Road, is a Saskatoon Public Schools school offering a regular kindergarten to grade 8 program alongside a Montessori program for early years through grade 6. The City neighbourhood profile shows enrolment of 391 students in 2022, 424 in 2023, and 450 in 2024.

Ecole St. Luke School, located at 275 Emmeline Road, is a Greater Saskatoon Catholic Schools school with a French Language Program. The City profile shows enrolment of 286 students in 2022, 361 in 2023, and 411 in 2024.

Buyers with school-aged children should confirm current attendance areas, programs, and busing directly with Saskatoon Public Schools or Greater Saskatoon Catholic Schools before purchasing.

Parks And Outdoor Space

Lakeridge has 7.6 hectares, or 18.8 acres, of total park space according to the 2025 City profile, all classified as Neighbourhood-type park space and concentrated in Crocus Park. The Lakeridge Community Association lists an outdoor rink and coordinates adult and children’s and youth programs, with registration handled through the association’s own website.

Daily errands depend on the exact address. The Lakewood Urban Centre and commercial nodes along Boychuk Drive are the closest larger commercial areas, since Lakeridge itself is primarily residential.

Housing Types And Price Reality

Lakeridge’s housing stock is overwhelmingly single-family. The City’s 2024 dwelling count shows 1,202 single-family dwellings and 6 two-unit dwellings out of 1,208 total dwellings, with no condo townhouse, high-rise apartment condo, low-rise apartment condo, or semi-detached units recorded.

The age of housing is concentrated in one period. The City profile’s 2021 Census data shows 66 percent of dwellings built between 1981 and 1990, 30 percent between 1991 and 2000, and 3 percent between 1961 and 1980, with 0 percent before 1960 and 0 percent in each band from 2001 onward. For buyers, that means many homes share similar ages for major systems. Important review items may include roofing, furnace and water heater age, windows, electrical panel capacity, and any past renovation work, particularly for homes from the dominant 1981 to 1990 construction wave.

The City profile’s 2024 real estate sales data shows 51 single-family dwelling sales at an average price of $520,321. No condo townhouse, high-rise apartment condo, low-rise apartment condo, semi-detached, or semi-detached two-titles sales were recorded in that period. These figures are historical context from the City profile, not a current pricing guarantee, and buyers should review current comparable sales before making decisions.

Housing affordability data in the same City profile shows a median multiple of 4.86 in 2024 for Lakeridge, compared with 3.96 for Saskatoon overall. The City profile notes that a median multiple of 3.0 or under is rated as affordable, which places Lakeridge above both the citywide average and that affordability threshold. Average owner’s major payments were reported at $1,532 and average gross rent at $1,800 in the 2021 Census data cited in the profile. Given that only 3 percent of Lakeridge households rented in 2021, the average gross rent figure reflects a very small sample and should be treated with caution.

If this neighbourhood is on your shortlist, the full cost of buying a home in Saskatoon will help you plan past the listing price.

Buying in Lakeridge

Lakeridge is worth considering if you want an established, almost entirely owner-occupied southeast Saskatoon neighbourhood with single-family housing, two schools, and a neighbourhood park. The City’s housing data shows a tenure profile weighted overwhelmingly toward ownership, with 97 percent owned and 3 percent rented in 2021, and a housing stock that is almost entirely single-family dwellings.

Buyers should pay attention to the age and condition of individual homes, since most of the neighbourhood was built in a fairly narrow window between 1981 and 1990. A well-maintained or updated home can feel very different from one that has not seen major system upgrades since construction.

Best Fit for Buyers Who Want:

• An established, almost entirely owner-occupied southeast Saskatoon neighbourhood
• Single-family housing as effectively the only home type
• Two schools, including a Montessori option and a French Language Program, within the neighbourhood
• A neighbourhood park and community association programming
• Access to Boychuk Drive, Highway 16, and Circle Drive
• A consistent, low-density street grid

May Not Be the Best Fit for Buyers Who Need:

• The lowest possible entry price in the city
• A median multiple closer to or below the Saskatoon citywide average
• Condo, apartment, or semi-detached housing options
• A meaningful rental housing selection
• Brand-new construction rather than a 1980s-era housing stock
• A neighbourhood with a wide range of construction eras

Selling in Lakeridge

Sellers in Lakeridge need to understand what buyers are comparing against. A buyer may also be looking at Lakeview or other established southeast Saskatoon family neighbourhoods, depending on budget and how much they prioritize Lakeridge’s near-total single-family character versus housing variety elsewhere in the city. That means the listing should make the home’s exact fit clear, including proximity to Crocus Park, the schools, and the specific construction era of the home.

Buyers will likely focus on the age of major systems, given that most of the neighbourhood’s housing stock dates to the 1981 to 1990 period. Roofing, furnace and water heater age, windows, and any updates to electrical or plumbing systems are common points of buyer attention.

Sellers should be careful not to overstate the property. In Lakeridge, honest positioning works better, particularly around the age of major systems and any updates made since the home was built. A well-priced, accurately described home can attract move-up and owner-occupied families, while overstating condition can create problems during showings and inspections.

Investor Notes for Lakeridge

Lakeridge is a limited consideration for investors. A 97 percent homeownership rate and a housing mix that is almost entirely single-family, rather than the multi-unit or condo stock that tends to support rental demand, mean the neighbourhood has one of the smallest rental pools among Saskatoon neighbourhoods covered in this series. The City profile’s 2024 real estate sales data recorded no condo, apartment, or semi-detached sales at all, only single-family dwelling sales.

The City profile’s median multiple of 4.86 in 2024 is above the citywide average of 3.96, which suggests purchase prices in Lakeridge are higher relative to local incomes than in many other Saskatoon neighbourhoods, a factor that works against typical rental yield calculations. The average gross rent figure of $1,800 is 2021 Census data drawn from a very small rented sample (3 percent of households) and should be treated as a weak indicator rather than a reliable current market rate.

Investors should not assume any basement or older home can legally or safely be converted to additional units. Zoning, permits, ceiling height, egress, parking, fire separation, electrical capacity, and building-code requirements must all be confirmed directly with the City of Saskatoon. Investor risks in Lakeridge include a very small pool of comparable rental properties, limited resale comparables outside the single-family category, and age-related maintenance across a housing stock concentrated in one construction era.

No current City of Saskatoon planning documents specific to active Lakeridge redevelopment proposals were verified as part of this draft; investors should confirm any development or zoning changes directly with the City of Saskatoon before relying on them for investment decisions.

Commute And Daily Convenience

Lakeridge has access to Boychuk Drive, Highway 16, and Circle Drive, which connect residents to the rest of Saskatoon’s road network and to routes leaving the city to the southeast. The City map shows Lakeridge bounded by Taylor Street to the north, Weyakwin Drive to the west, Highway 16 to the south, and Boychuk Drive to the east.

The City profile’s 2021 Census data on mode of travel to work shows that the large majority of Lakeridge residents drove, 1,220 as a driver of a car, truck, or van, with smaller numbers walking (45), as passengers (50), cycling (10), using other modes (15), and 0 recorded using public transit in that census count. Saskatoon Transit’s Route 55, Lakeridge/University, serves the neighbourhood. Riders should check the current Saskatoon Transit routes and schedules page or the Transit mobile app for the routes and stops serving a specific address, since schedules and routes can change.

For buyers who commute to the university area or downtown, the drive from Lakeridge is longer than from more central neighbourhoods, so actual commute times should be tested before buying. For buyers who work in the south or southeast industrial areas, Boychuk Drive, Circle Drive, and Highway 16 access may be more convenient.

Winter driving, snow clearing, and parking should be assessed by property. Most homes in Lakeridge have attached garages or driveways typical of a 1980s-era suburban subdivision, but buyers should still confirm the specific parking setup when viewing homes.

Safety And Neighbourhood Perception

No independently verified, current crime statistics for Lakeridge are cited here, none were available from an official source as part of this draft. What can be said from City and community sources is that Lakeridge is an established, almost entirely owner-occupied, single-family-dominant neighbourhood with an active community association and organized programming, factors that can affect how the neighbourhood is perceived compared with newer or more transient areas, but that are not a substitute for current crime data. Buyers who weigh safety perception heavily should walk the specific blocks they are considering at different times of day rather than judging the neighbourhood as a whole, and can request current crime statistics from the Saskatoon Police Service directly.

Pros and Cons of Living in Lakeridge

Pros	Cons
Very high homeownership rate of 97 percent	Limited rental housing pool, only 3 percent of households rented in 2021
Housing stock almost entirely single-family	Median multiple of 4.86 is above both the citywide average and the City’s affordability threshold
Two schools, including a Montessori option and a French Language Program, within the neighbourhood	No condo, apartment, or semi-detached housing options recorded in the dwelling count
Neighbourhood park and active community association	Most homes share a similar age, so maintenance needs may cluster together
Consistent, low-density single-family street grid	Longer commute to downtown or the university area than central neighbourhoods
Access to Boychuk Drive, Highway 16, and Circle Drive	Limited public transit options compared with more central areas
Population has stayed relatively stable, with only a modest decline since 2022	Not as much housing variety as neighbourhoods with a wider range of construction eras

Compared To Nearby Areas

• Lakeview sits adjacent in southeast Saskatoon and shares the lake-named street pattern, but offers more housing variety, including condos and two-unit dwellings, and a lower homeownership rate of 73 percent versus Lakeridge’s 97 percent.
• Lakewood Urban Centre sits nearby and provides much of the area’s larger-format shopping, which may matter to buyers prioritizing daily convenience alongside Lakeridge’s residential character.
• Eastview sits closer to downtown and offers an older, more centrally located alternative, which may suit buyers who want a shorter commute at a different price point and housing mix.
• Parkridge is another southeast Saskatoon neighbourhood with a comparable suburban feel, which may appeal to buyers cross-shopping similar family-oriented areas.
• Buyers wanting condo or rental housing options that Lakeridge does not offer would generally need to look toward Lakeview or other southeast neighbourhoods with more mixed housing stock.

Best Fit By Buyer Type

Lakeridge is worth considering if you want an established, almost entirely owner-occupied southeast Saskatoon neighbourhood with single-family housing, two schools, and a neighbourhood park. It may not be the right fit if you want condo or rental housing options, the lowest possible entry price, or a median multiple closer to the citywide average.

For many buyers, the decision comes down to comfort with a housing stock concentrated in one construction era and almost entirely single-family, and whether Lakeridge’s established, consistently owner-occupied character outweighs the trade-offs of a higher median multiple and a longer commute to the city centre.