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3120 Rae STREET
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* UNIQUE LAKEVIEW CHARACTER HOME WITH DREAM GARAGE + STUDIO SUITE * Welcome to this beautifully maintained home with timeless appeal and a rare bonus living space above a heated 3-car garage + workshop. Whether you envision a stylish guest loft, private home office, creative studio, or independent suite, this bonus area offers limitless potential. Inside, you’re greeted by a spacious foyer that opens to a cozy library, ideal for quiet reading or work space. The main living area is surprisingly open concept for a Character home, blending the living room, dining room, and sunroom into a light-filled, connected space perfect for entertaining. The thoughtfully designed kitchen features a sit-up island, ample pantry storage and a beautiful view of the private backyard courtyard. A stylish 2-pc powder room is conveniently located in the hall & most of the main floor is warmed by in-floor heating. The sizeable back entrance completes the main floor. Upstairs, the generous primary suite offers a tranquil retreat with a spa-inspired 4-pc ensuite and an enviable dressing room with built-ins for all your special things. Two additional charming bedrooms share a 4-pc family bath, with one offering direct access. A second-floor balcony overlooks the courtyard & provides a peaceful spot for relaxation. The lower level adds versatility with a fun family room & office space, a 3-pc bath, sauna room, cold room, separate utility room & plenty of finished storage space. The outdoor courtyards are as functional as they are inviting: the front courtyard includes a hot tub and plenty of private space for lounging, while the back courtyard features hot/cold running water, fantastic for your alfresco dining. Above the dream garage, you’ll find the expansive studio suite with a great room, separate bedroom & 3-pc bath. Garage & suite are directly connected to the home. A list of upgrades will be provided upon request. This one-of-a-kind Lakeview gem is a truly a special lifestyle property. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Office | 10' x 5'2" | |
| Family room | 237" x 10' | |
| 3pc Bathroom | 6'3 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 12'8" x 11'8" | |
| 2pc Bathroom | 7' x 4'7" | |
| Kitchen | 11'3" x 8'10" | |
| Mud room | 12'5" x 6'2" | |
| Office | 11'3" x 8'10" | |
| Sunroom | 9'3" | |
| Living room | 20' x 13' |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 11' x 7'5" | |
| Primary Bedroom | 15'5" x 12'10" | |
| 4pc Ensuite bath | 11' x 7'5" | |
| Bedroom | 14'6" x 11'5" | |
| 4pc Bathroom | 10'3" x 6'9" | |
| Bedroom | 9'1" x 8'9" | |
| Laundry room | 7'6" x 7' | |
| Other | 23' x 20' | |
| 3pc Bathroom | 8'2" x 4'10" | |
| Bedroom | 13'2" x 12'6" |
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
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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
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Commute
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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).
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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.
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 19, 2026.
Location of this listing. Distances are straight-line.
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