01 / Property Detail
LAKEWOOD
164 Lakewood Circle , Strathmore, AB
$799,000
Residential · MLS® A22907165Bedrooms
4Bathrooms
1,993Sq Ft
2Garage
2025Year Built
02 / Overview
PROPERTY OVERVIEW
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...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,993 sq ft
Lot Size3,910 sq ft
ZoningR1N
HeatingForced Air • Natural Gas
CoolingNone
ParkingDouble Garage Attached • Off Street
ExteriorPrivate Entrance
BasementFull
Year Built2025
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$197After mortgage & expenses
Cap Rate4.8%Based on market rents
Cash on Cash Return1.5%With 20% down payment
Est. Monthly Rent$3,738Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
LAKEWOOD
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by Debbie Mitzner · RE/MAX Landan Real Estate