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.
In Basement, Laundry Room, Multiple Locations, Upper Level
Lakewood (Strathmore)
Electric Stove, ENERGY STAR Qualified Dishwasher, Microwave, Range Hood, Refrigerator
N/A
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
10'11"3.33 m × 8'5"2.57 m
Main Floor
Kitchen
12'6"3.81 m × 11'3.35 m
Main Floor
Living Room
16'4.88 m × 14'1"4.29 m
Main Floor
Pantry
7'7"2.31 m × 4'10"1.47 m
Main Floor
Mud Room
6'1"1.85 m × 5'1"1.55 m
Main Floor
Entrance
9'7"2.92 m × 6'8"2.03 m
Main Floor
Entrance
7'4"2.24 m × 4'1"1.24 m
2nd Floor
Bonus Room
15'4.57 m × 11'3.35 m
2nd Floor
Laundry
5'1"1.55 m × 0'.00 m
2nd Floor
Bedroom
12'4"3.76 m × 9'2"2.79 m
2nd Floor
Bedroom
12'10"3.91 m × 9'4"2.84 m
2nd Floor
Bedroom - Primary
13'8"4.17 m × 12'5"3.78 m
2nd Floor
Walk-In Closet
11'3.35 m × 6'4"1.93 m
2nd Floor
Laundry
8'2"2.49 m × 3'5"1.04 m
Lower Level
Furnace/Utility Room
12'9"3.89 m × 5'9"1.75 m
Lower Level
Eat in Kitchen
10'4"3.15 m × 8'7"2.62 m
Lower Level
Living Room
11'5"3.48 m × 7'2.13 m
Lower Level
Bedroom
15'2"4.62 m × 9'4"2.84 m
Lower Level
Bedroom
11'5"3.48 m × 9'11"3.02 m
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 5'1"
2nd Floor
No
4
4'11" x 10'8"
2nd Floor
Yes
5
8'10" x 10'11"
Lower Level
No
4
4'11" x 7'11"
Title to Land:
Fee Simple
Community Features:
Lake, Other, Park
Interior Features:
Chandelier, Double Vanity, Granite Counters, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, See Remarks, Separate Entrance, Skylight(s), Soaking Tub, Storage, Vinyl Windows, Walk-In Closet(s)
Data was last updated March 9, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$749,000
Min list price:
$520,000
Max list price:
$925,000
Avg days on market:
37
Min days on market:
2
Max days on market:
346
Avg price per sq.ft.:
$355.31
These statistics are generated based on the current listing's property type
and located in
Lakewood. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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. Used under license.