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3 Strathmore Lakes Bay
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Beds
2
Baths
3
Sqft
1,198
Year
2001
Type
Single Family
On market
298d
Welcome to 3 Strathmore Lakes Bay – a beautifully maintained half-duplex bungalow in Strathmore’s sought-after adult community. Offering 1,115 sq. ft. above grade with a fully developed basement, this home blends comfort, style, and functionality. Step inside to find stunning hardwood flooring, a vaulted ceiling, and an open-concept layout filled with natural light. The kitchen and living area feature updated lighting and flow seamlessly to both a front patio and a rear patio with peaceful views of the green space. The main floor offers a spacious primary bedroom with ensuite, a 3-piece main bath, a versatile office/den, and the convenience of mudroom & laundry just off the double attached garage. The fully finished basement includes another generous bedroom, a large rec room, a full bathroom, and a substantial storage room. Immaculately cared for and move-in ready, this home has been updated with the following: new furnace 2019, new hot water on demand system 2021, new water softener 2021, new storm doors 2023, main level professionally painted 2020, main level bathroom renovated 2024, new blinds in kitchen/living room 2024, new kitchen flooring 2025, new kitchen lighting 2025, new garage door opener 2024, new concrete pad 2025, new railing at front of house 2025, new kitchen faucet 2025. All of the major, important upgrades have been done! Perfect for those seeking a relaxed, low-maintenance lifestyle in a welcoming community. Book a showing with your awesome Realtor today! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 13.17 Ft x 8.08 Ft | |
| Bedroom | 13.08 Ft x 11.50 Ft | |
| Recreational, Games room | 26.92 Ft x 14.17 Ft | |
| Storage | 14.58 Ft x 26.25 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 3pc Bathroom | 4.92 Ft x 8.42 Ft | |
| 4pc Bathroom | 5.92 Ft x 8.33 Ft | |
| Dining room | 16.75 Ft x 10.33 Ft | |
| Foyer | 3.83 Ft x 3.50 Ft | |
| Kitchen | 15.00 Ft x 6.42 Ft | |
| Living room | 18.00 Ft x 141.83 Ft | |
| Laundry room | 5.08 Ft x 2.67 Ft | |
| Other | 10.92 Ft x 3.92 Ft | |
| Office | 11.00 Ft x 12.33 Ft | |
| Primary Bedroom | 18.75 Ft x 11.83 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).
Cash on cash
-7.07%
Cap rate
3.45%
GRM
16.7
Break-even rent
$2,995
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 9, 2026.
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.