217 Mayfield Avenue Waterloo, Ontario N2J 3S6
$875,000
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. (id:55499)
Property Details
| MLS® Number | X13487184 |
| Property Type | Single Family |
| Amenities Near By | Place Of Worship, Public Transit, Schools |
| Community Features | School Bus |
| Features | Irregular Lot Size, Sump Pump |
| Parking Space Total | 5 |
| Structure | Deck |
| View Type | View |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 6 |
| Appliances | Water Heater, Water Softener, Dishwasher, Dryer, Furniture, Microwave, Range, Washer, Two Refrigerators |
| Architectural Style | Bungalow |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Flooring Type | Vinyl, Laminate, Porcelain Tile |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 700 - 1,100 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Land Amenities | Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 120 Ft ,8 In |
| Size Frontage | 60 Ft ,1 In |
| Size Irregular | 60.1 X 120.7 Ft |
| Size Total Text | 60.1 X 120.7 Ft|under 1/2 Acre |
| Zoning Description | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Bedroom 2 | 3.2 m | 3.35 m | 3.2 m x 3.35 m |
| Basement | Office | 4.1 m | 3.35 m | 4.1 m x 3.35 m |
| Basement | Bathroom | 1.75 m | 1.4 m | 1.75 m x 1.4 m |
| Basement | Living Room | 4.3 m | 4 m | 4.3 m x 4 m |
| Basement | Kitchen | 4.3 m | 4 m | 4.3 m x 4 m |
| Basement | Primary Bedroom | 3.4 m | 3.35 m | 3.4 m x 3.35 m |
| Main Level | Living Room | 6.05 m | 3.5 m | 6.05 m x 3.5 m |
| Main Level | Dining Room | 6.05 m | 3.5 m | 6.05 m x 3.5 m |
| Main Level | Kitchen | 5.1 m | 3.1 m | 5.1 m x 3.1 m |
| Main Level | Primary Bedroom | 3.3 m | 3.97 m | 3.3 m x 3.97 m |
| Main Level | Bedroom 2 | 3.07 m | 2.9 m | 3.07 m x 2.9 m |
| Main Level | Bedroom 3 | 4 m | 2.9 m | 4 m x 2.9 m |
| Main Level | Bathroom | 2.95 m | 1.5 m | 2.95 m x 1.5 m |
https://www.realtor.ca/real-estate/29951014/217-mayfield-avenue-waterloo
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June 25 2026 01:13:58
Toronto Regional Real Estate Board
Century 21 Green Realty Inc.