217 MAYFIELD AVENUE, Waterloo, Ontario

$875,000

6 Beds
2 Baths

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:50212)

Listing ID: X13487184
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Bedroom 2	Basement	3.2 m x 3.35 m
Office	Basement	4.1 m x 3.35 m
Bathroom	Basement	1.75 m x 1.4 m
Living room	Basement	4.3 m x 4 m
Kitchen	Basement	4.3 m x 4 m
Primary Bedroom	Basement	3.4 m x 3.35 m
Living room	Main level	6.05 m x 3.5 m
Dining room	Main level	6.05 m x 3.5 m
Kitchen	Main level	5.1 m x 3.1 m
Primary Bedroom	Main level	3.3 m x 3.97 m
Bedroom 2	Main level	3.07 m x 2.9 m
Bedroom 3	Main level	4 m x 2.9 m
Bathroom	Main level	2.95 m x 1.5 m

Details

Architectural Style: Bungalow
Amenities Nearby: Place of Worship, Public Transit, Schools
Community Features: School Bus
Features: Irregular lot size, Sump Pump
Ownership: Freehold
Parking Spaces: 5
Structure: Deck
Transaction: For sale
View: View
Zoning Description: Residential

Building

Appliances: Water Heater, Water softener, Dishwasher, Dryer, Furniture, Microwave, Range, Washer, Two Refrigerators
Architectural Style: Bungalow
BasementType: N/A
Basement Features: Apartment in basement
Bedrooms Main Level: 3
Bedrooms Lower Level: 3
Construction Style Attachment: Detached
Cooling: Central air conditioning
Exterior Finish: Brick
Fireplace Present: False
Flooring: Vinyl, Laminate, Porcelain Tile
Foundation: Poured Concrete
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 700 - 1100 sqft
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Amenities: Place of Worship, Public Transit, Schools
Sewer: Sanitary sewer
Size Frontage: 60 ft ,1 in
Size Irregular: 60.1 x 120.7 FT

Listing provided by CENTURY 21 GREEN REALTY INC.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 217 MAYFIELD AVENUE in Waterloo Ontario. It was last modified on June 25th, 2026. Contact The TanTeam to schedule a viewing or to discover other Waterloo properties for sale.

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