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3 Parklane Place
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Strathmore · Single Family · under $375,000 · 1+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to 3 Parklane Place—an exceptionally well-maintained bungalow-style duplex offering spacious, comfortable main-floor living in a desirable 55+ community in Strathmore.Pride of ownership is evident from the moment you arrive. A generous front entry welcomes you into the bright and inviting living room, with a vaulted ceiling and large windows filling the space with natural light. The adjoining formal dining area offers plenty of room for family dinners, holiday gatherings and entertaining friends.The spacious open kitchen features abundant cabinetry, generous counter space, a walk-in pantry and excellent storage. A large west-facing window brings in warm afternoon light, while the adjoining dinette creates a comfortable space for casual meals and morning coffee. A rear door opens directly onto a quaint patio, providing a pleasant spot to sit outside, and enjoy the fresh air , flowers and mature trees.The oversized primary bedroom comfortably accommodates king-size furniture, offering the space and flexibility often missing in newer downsizer homes. A versatile den can easily serve as a guest room, home office, television room, hobby space or quiet retreat.The impressively large four-piece bathroom adds to the home’s comfortable layout with accessibility handles. The main-floor laundry room Is at the garage entrance and includes a generous storage closet and a convenient two-piece bathroom, keeping everyday essentials close at hand.An attached single garage and private driveway provide secure parking and additional storage, while the bungalow design places the principal living areas conveniently on one level.Spotlessly clean, carefully maintained and move-in ready, this welcoming home is ideal for buyers seeking a quieter, more manageable lifestyle without giving up the space they need to live comfortably. Settle in and enjoy easy living in a well-kept Strathmore community. Condo fee $334/month. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.80 M x 10.00 M | |
| Den | 9.20 M x 10.30 M | |
| Kitchen | 11.00 M x 14.60 M | |
| Primary Bedroom | 13.40 M x 11.30 M | |
| 4pc Bathroom | 10.60 M x 5.11 M | |
| Storage | 8.90 M x 4.11 M | |
| 2pc Bathroom | 2.70 M x 6.00 M | |
| Other | 8.11 M x 8.80 M |
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).
Cash on cash
-7.47%
Cap rate
3.37%
GRM
16.7
Break-even rent
$2,146
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.
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Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 12, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.