Custom Built Two Storey with a legal suite can be a surprisingly powerful safety net for both new home buyers and large families, and it often delivers far more value than people expect. 1. Rental Income That Offsets Your Mortgage
A legal suite can generate steady monthly rent.
For many new buyers, this is the difference between affording a home and thriving in it.
Subsidize your mortgage with your suite rent income. Mortgage payment- rent equals YOUR effective cost drops to Increased Property Value
Homes with legal suites often appraise higher because they:
Provide income potential
Appeal to investors
Offer multi-generational living options
This can strengthen your equity position faster. Community Lakewood will be a true lake destination for all seasons and people of all ages — Strathmore's innovative and destination community. Featuring an 18-acre recreational lake and 13 acres of scenic storm ponds, Lakewood invites residents to embrace nature and enjoy year-round activities such as golfing, walking, biking, paddle-boarding, hockey, cross-country skiing, and snow-shoeing. Lakewood offers something for all aspects of life11 Schools Within 5 Minutes
Strathmore has no shortage of options for your kids. With over 11 schools within 5 minutes, Lakewood truly offers a perfect balance of being peaceful and relaxing yet still connected to everything. New Urban Custom Homes Ltd. From concept to completion, we create exceptional custom homes that reflect your unique vision and lifestyle. Experience craftsmanship that stands the test of time.
Address
164 Lakewood Circle
List Price
$799,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
2 Storey
Transaction Type
Sale
Area
Strathmore
Sub-Area
Lakewood
Bedrooms
5
Bathrooms
4
Floor Area
1,993 Sq. Ft.
Lot Size
3910 Sq. Ft.
Year Built
2025
MLS® Number
A2290716
Listing Brokerage
RE/MAX Landan Real Estate
Basement Area
Full
Postal Code
T1P 1T7
Zoning
R1N
Site Influences
Back Yard, Lake, Other, Park, Pond