Hello Gar Lee,
Welcome to Atlassian Community. It's nice to meet you.
Just to clarify, are you asking if you can create a new template by copying an existing page, or are you asking if you can use the Create from Template macro to use the existing page as the template instead of a template?
Neither of these options are possible in Confluence. If you need to create a new template from an existing page I would recommend copying the text from the edit screen and pasting that into your template editor, and then modify for variables, etc.
I hope this helps, but let me know if you have any questions about it.
Regards,
Shannon
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