217 Mayfield Avenue, Waterloo, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $875,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 60.09 x 120.73 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Sump Pump, Water Heater, Water Softener
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
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.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Place Of Worship, Public Transit, School, School Bus Route, Clear View
Interior Features
Sump Pump, Water Heater, Water Softener
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 217 Mayfield Avenue, Waterloo, ON N2J 3S6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
