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Reduced $20,000 (3%) from $739,000
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164 Lakewood Circle
Beds
5
Baths
4 full + 1 half
Sqft
2,000
Year
2025
Type
Single Family
On market
35d
Lakefront living in Strathmore's premier Lakewood community — with built-in income potential. This custom-built two-storey sits directly across from the pond, offering rare water views, an open-to-above foyer, and a skylit bonus room that fills the home with natural light. The upper floor features three bedrooms, a convenient laundry area, and a primary retreat with custom built-ins and a spa-inspired private bath. The real differentiator? A legal 2-bedroom basement unit with 9-ft ceilings — rent it out, and your monthly carrying costs drop significantly. Legal secondary units also drive higher appraisals, so your equity builds faster than a standard single-family home. Outside, the community delivers four seasons of lifestyle: an 18-acre recreational lake for paddle-boarding and hockey, 13 acres of scenic storm ponds, walking paths, and green space. Over 11 schools within a 5-minute radius. Style, income, and location — all in one address. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Furnace | 5.83 Ft x 12.83 Ft | |
| Kitchen | 7.42 Ft x 10.33 Ft | |
| Recreational, Games room | 8.42 Ft x 11.50 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.00 Ft | |
| Laundry room | — | |
| Bedroom | 15.25 Ft x 11.75 Ft | |
| Bedroom | 12.17 Ft x 11.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 6.67 Ft x 9.58 Ft | |
| Living room | 15.92 Ft x 14.00 Ft | |
| Dining room | 8.42 Ft x 11.00 Ft | |
| Kitchen | 12.50 Ft x 11.00 Ft | |
| 2pc Bathroom | 5.08 Ft x 5.08 Ft | |
| Other | 6.08 Ft x 10.75 Ft | |
| Pantry | — |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.83 Ft x 9.25 Ft | |
| Bedroom | 15.33 Ft x 9.50 Ft | |
| 4pc Bathroom | 4.92 Ft x 10.75 Ft | |
| Family room | 12.00 Ft x 15.58 Ft | |
| Laundry room | 5.08 Ft x 9.33 Ft | |
| Primary Bedroom | 12.42 Ft x 13.67 Ft | |
| 5pc Bathroom | 8.83 Ft x 11.00 Ft | |
| Other | 6.33 Ft x 11.08 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 8, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Strathmore. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.