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.
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.
Property Details
Price:
$780,000
MLS #:
A2290716
Status:
Active
Beds:
5
Baths:
4
Type:
Single Family
Subtype:
Detached
Subdivision:
Lakewood
Listed Date:
Mar 7, 2026
Finished Sq Ft:
1,993
Lot Size:
3,910 sqft / 0.09 acres (approx)
Year Built:
2025
See this Listing
Schools
Interior
Appliances
Electric Stove, ENERGY STAR Qualified Dishwasher, Microwave, Range Hood, Refrigerator
Basement
Full
Bathrooms Full
3
Bathrooms Half
1
Laundry Features
In Basement, Laundry Room, Multiple Locations, Upper Level
Exterior
Exterior Features
Private Entrance
Lot Features
Back Yard
Parking Features
Double Garage Attached, Off Street
Parking Total
4
Patio And Porch Features
Deck
Roof
Asphalt Shingle
Financial
Map
Community
- Address164 Lakewood Circle Strathmore AB
- SubdivisionLakewood
- CityStrathmore
- CountyWheatland County
- Zip CodeT1P 1T7
Subdivisions in Strathmore
- Aspen Creek
- Brentwood Business Park
- Brentwood_Strathmore
- Cambridge Glen
- Crystal Ridge
- Downtown_Strathmore
- Edgefield
- Grande Pointe Estates
- Green Meadow
- Hillview Estates
- Lakewood
- Maplewood
- Orchard Business Park
- Parkwood
- Ranch Estates
- Strathaven
- Strathmore Lakes Estates
- The Ranch_Strathmore
- Westmount_Strathmore
- Wildflower
Market Summary
Current real estate data for Single Family in Strathmore as of Mar 25, 2026
84
Single Family Listed
49
Avg DOM
373
Avg $ / SqFt
$629,016
Avg List Price
Property Summary
- Located in the Lakewood subdivision, 164 Lakewood Circle Strathmore AB is a Single Family for sale in Strathmore, AB, T1P 1T7. It is listed for $780,000 and features 5 beds, 4 baths, and has approximately 1,993 square feet of living space, and was originally constructed in 2025. The current price per square foot is $391. The average price per square foot for Single Family listings in Strathmore is $373. The average listing price for Single Family in Strathmore is $629,016. To schedule a showing of MLS#a2290716 at 164 Lakewood Circle in Strathmore, AB, contact your Rob Johnstone agent at (403) 730-2330 .
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164 Lakewood Circle
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