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.
Curated features for a sophisticated lifestyle.
164 Lakewood Circle, Strathmore, Alberta, T1P 1T7
Calgary luxury real estate specialist. Whether you are looking to buy, sell, or simply want more information about this property, I am here to help.
Listing courtesy of RE/MAX Landan Real Estate.
Get in touch with Spencer Rivers for a private showing, detailed floor plans, or more information about this listing.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board (CREB). The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Data last updated: April 7, 2026.