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420 Lakewood Drive
Beds
4
Baths
4 full + 1 half
Sqft
2,567
Year
2026
Type
Single Family
On market
19d
Some homes are built. This one was crafted. Built on 35 years of home building excellence, 420 Lakewood Drive is a Scott Alan Custom Projects original on an oversized 47' x 144' lot in the growing community of Lakewood of Strathmore. With over 3,000 sq ft of developed living space and unobstructed west-facing views across the lake, ponds, and Rocky Mountains, this under-drive home turns heads for all the right reasons. What sets a Scott Alan Custom Projects home apart isn't just the detail you see — it's what you don't. Fir plywood subfloors and spruce sheathing replace the OSB found in typical production builds. James Hardie siding wraps the exterior in place of vinyl. Floors are engineered to twice the rigidity of a builders standard — walk across them and you'll feel the difference. Knotty Alder baseboards and casings, solid shelving in every closet, and 8-foot interior doors on ball-bearing hinges complete the picture. These aren't upgrades. They're the Scott Alan Custom Projects standard. The home is designed to live as well as it's built. A rare under-drive garage takes full advantage of the sloping lot, giving the streetscape a look you won't find elsewhere in the neighbourhood. Inside, a gallery-style entrance with oak floors, flows into an expansive living room anchored by a gas fireplace wrapped in gorgeous textured tile. Already elevated from grade, the west-facing deck delivers enviable views — water, sky, and sunsets. The chef's kitchen features rift white oak cabinet uppers, granite countertops, a large island (with under island automated lighting) and pantry, and a dining area that opens onto a large east-facing patio and backyard — a perfect spot for morning coffee as the light comes in just right. As you head upstairs, the stairway is illuminated by lights on an automated light sensor. The primary suite is its own world. A 5-piece ensuite offers a soaker tub positioned to catch the sunset, dual vanities, a large glass shower with bench and rain head , and a private water closet. A walk-in closet with solid shelving and a private balcony overlooking the lake and mountains complete the retreat. Two additional bedrooms each have their own walk-in closets, and a bonus room and full 4-piece bath round out the upper level. The fully developed lower level adds a spacious rec room, fourth bedroom, full bathroom, and an oversized two-car attached garage.Outside your door: lake access, water sports, interconnected canals, scenic ponds, and walking and biking paths winding through the community. If you're tired of cookie-cutter homes, this one was built for you. It’s more than a home—it’s a lifestyle. Don’t miss your chance to live in a community that offers the perfect blend of modern living and natural beauty. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 14.50 Ft x 23.08 Ft | |
| Bedroom | 10.58 Ft x 11.17 Ft | |
| 4pc Bathroom | 4.92 Ft x 8.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10.50 Ft x 16.17 Ft | |
| Living room | 14.92 Ft x 15.08 Ft | |
| Pantry | 6.92 Ft x 7.92 Ft | |
| Dining room | 11.17 Ft x 14.92 Ft | |
| Foyer | 4.50 Ft x 7.92 Ft | |
| Den | 11.17 Ft x 13.42 Ft | |
| 2pc Bathroom | 4.92 Ft x 5.58 Ft | |
| Other | 6.17 Ft x 11.50 Ft | |
| Other | 7.58 Ft x 15.08 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bonus Room | 11.67 Ft x 12.58 Ft | |
| Primary Bedroom | 14.92 Ft x 15.08 Ft | |
| Other | 8.50 Ft x 9.33 Ft | |
| 5pc Bathroom | 11.17 Ft x 15.50 Ft | |
| Bedroom | 10.83 Ft x 11.42 Ft | |
| Bedroom | 10.92 Ft x 11.42 Ft | |
| 5pc Bathroom | 8.67 Ft x 9.33 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
-0.87%
Cap rate
4.69%
GRM
13.9
Break-even rent
$5,537
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 May 27, 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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.