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    For Sale - 217 Mayfield Avenue, Waterloo, Ontario

    Est payment $4,202/mo
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    Time on Jump  1 days

    AI Summary *

    • Fully renovated legal duplex with positive cash flow from renting.
    • Located near three universities, great for student rentals.
    • Spacious main floor with a large primary bedroom and private deck.
    • Large lot offers potential for future development opportunities.
    • Detached oversized garage with ample parking space available.




    Rare find! Highly auspicious north-facing vastu-compliant home; fully renovated legal duplex - turnkey & positive cash flow. Minutes from 3 universities 3+2 bedrooms 2 full baths, 2 kitchens. Detached bungalow on a large lot in a quiet, family-friendly avenue in the desirable lincoln heights / glenridge neighbourhood - within the boundary of top-rated schools. Main floor: spacious layout with a large primary bedroom and walk-out to a private deck overlooking the backyard, plus two additional regular bedrooms. Legal basement: 2 large bedrooms + office room. Highlights: over 2,000 sq ft of finished living space; detached oversized garage + long driveway with ample parking; currently rented to respectful, responsible university students who pay on time and care for the property; positive cash flow from day one; bonus upside - build big later: this large lot qualifies as-of-right for up to a 4-unit, 4-storey building under waterloo's december 2024 "four units, four storeys" bylaw - no rezoning, no variances. A complete conceptual fourplex design (3d model + floor plans) is available for serious buyers. A standout opportunity for homeowners & investors alike. No gimmicks. No offer date.
    Listing IDX13487184
    Address217 Mayfield Avenue
    CityWaterloo, Ontario
    Price$875,000
    Bed / Bath6 / 2 Full
    StyleBungalow, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Sump Pump, Water Heater, Water SoftenerOutdoor Features DeckAmenities Place Of Worship, Public Transit, School, School Bus Route, Clear ViewOwnership FreeholdBasement ApartmentFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  CENTURY 21 GREEN REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    217 Mayfield Avenue
    Waterloo , Ontario
    6 2 $875,000
    Get more info