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212 Lakewood Crescent
Beds
5
Baths
3 full + 1 half
Sqft
1,491
Year
2026
Type
Single Family
On market
137d
Brand-new semi-detached home with double attached garage and a fully developed LEGAL 2-bedroom basement suite in the sought-after Lakewood community of Strathmore—just 30 minutes from Calgary. Ideally located next to a corner lot, close to the pond and lake, and with no rear neighbours, this home offers rare privacy and open views.Step into a grand open-to-above front entry that creates a bright, spacious first impression. The open-concept main floor features a contemporary kitchen with full-height cabinets to the ceiling (texture or high gloss), quartz countertops, and clean modern finishes throughout.Upstairs offers three generously sized bedrooms, including a private primary suite with ensuite, plus a bonus room and a conveniently located laundry room. All spaces are finished with clean, modern selections that blend style and comfort.The fully developed LEGAL 2-bedroom basement suite is ideal for rental income, extended family, or as a mortgage helper, adding outstanding long-term value and flexibility.Additional upgrades include MDF built-in closets and pantry, spindle stair railing, electric fireplace, and full new-home warranty coverage. Appliance package and GST included. Builder incentive: $1,000 toward moving costs, blinds, or washer & dryer. Eligible for GST rebate for first-time buyers.Lakewood is a growing, family-friendly community featuring ponds, walking paths, parks, and green spaces, with easy access to schools with free busing, shopping, recreation, and major highways.One of the best-value double-garage homes with a legal basement suite in the region.Brand new | Legal 2-bedroom basement suite | No rear neighbours | Open-to-above entry | Double garage | 5 bedrooms total | 3.5 bathrooms | 30 minutes to Calgary (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Living room | 8.33 Ft x 12.50 Ft | |
| Bedroom | 11.08 Ft x 10.25 Ft | |
| Bedroom | 11.25 Ft x 9.50 Ft | |
| Kitchen | 5.33 Ft x 9.33 Ft | |
| 3pc Bathroom | 5.42 Ft x 9.33 Ft | |
| Furnace | 5.08 Ft x 9.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Family room | 11.92 Ft x 12.58 Ft | |
| Kitchen | 14.92 Ft x 10.67 Ft | |
| Dining room | 8.75 Ft x 10.58 Ft | |
| Pantry | 5.25 Ft x 5.25 Ft | |
| Other | 5.67 Ft x 5.25 Ft | |
| 2pc Bathroom | 5.25 Ft x 5.00 Ft |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 12.08 Ft x 12.42 Ft | |
| Bedroom | 11.58 Ft x 9.17 Ft | |
| Bedroom | 11.17 Ft x 9.00 Ft | |
| 3pc Bathroom | 5.00 Ft x 9.17 Ft | |
| Laundry room | 5.17 Ft x 8.92 Ft | |
| Other | 5.08 Ft x 10.08 Ft | |
| Other | 5.08 Ft x 10.08 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
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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).
Cash on cash
-1.06%
Cap rate
4.65%
GRM
13.8
Break-even rent
$3,711
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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 2, 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.