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Royal LePage
Royal LePage
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$799,000

3+2 Beds

3 Baths

700 - 1100 FEETSQ

QuickQuoteTM: $635K - $804K

Waterloo ON, N2J 1Z1

MLS® # X12286892

Property Information:

Smart Investment Opportunity in Waterloo! This turn-key bungalow with legal ADU is a dream for investors or savvy end-users looking to offset their mortgage with rental income. Fully renovated and featuring a legal 2-bedroom basement apartment, this property offers parking for up to 5 vehicles - a rare find in such a prime location. Just minutes from Wilfrid Laurier University and the University of Waterloo, its ideally positioned to attract consistent, high-quality tenants year after year. Extensive updates mean peace of mind for years to come, including new electrical, plumbing, furnace, AC, and roof. The main level showcases luxury vinyl plank flooring throughout, with a sunlit living and dining area, recessed lighting, and a stylish kitchen with quartz counters and brand new stainless steel appliances. Three generously sized bedrooms and two full baths - including a private ensuite - complete the upper unit. Downstairs, the bright and well-finished lower apartment features the same quality flooring, its own laundry, and a practical layout for students or professionals. A fenced backyard offers green space for kids, pets, or summer entertaining. Whether you're looking to add to your portfolio or live upstairs while generating income below, this property checks all the boxes. Invest with confidence - this one is ready to go. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Architectural Style: Bungalow
  • Basement Development: Finished
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Aluminum siding, Brick
  • Fire Protection: Smoke Detectors
  • Floor Space: 700 - 1100 sqft
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Microwave, Hood Fan, Refrigerator

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3+2
  • Bathrooms: 3
  • Amenities Nearby: Park, Public Transit, Schools
  • Community Features: School Bus
  • Floor Space (approx): 700 - 1100 Square Feet
  • Irregular: Yes
  • Lot Depth: 125.0 Feet
  • Lot Frontage: 51.0 Feet
  • Lot Size: 51 x 125 FT
  • Zoning: SR2
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 5

Rooms:

  • Bedroom Basement Level 4.29 m x 2.51 m
  • Kitchen Basement Level 3.70 m x 4.31 m
  • Recreation Room Basement Level 4.26 m x 4.74 m
  • Utility Basement Level 1.86 m x 2.28 m
  • Bathroom Basement Level 1.51 m x 2.67 m
  • Bedroom Basement Level 3.02 m x 3.31 m
  • Bathroom Main Level 3.12 m x 1.66 m
  • Bathroom Main Level 1.51 m x 2.24 m
  • Bedroom Main Level 3.22 m x 3.35 m
  • Bedroom Main Level 3.19 m x 3.81 m
  • Dining Main Level 3.11 m x 1.77 m
  • Kitchen Main Level 4.25 m x 3.99 m
  • Living Main Level 4.34 m x 4.65 m
  • Primary Bedroom Main Level 3.10 m x 3.48 m

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Location of 56 DOVER STREET, Waterloo, Ontario, N2J 1Z1

Demographic Information of 56 DOVER STREET, Waterloo, Ontario, N2J 1Z1

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$95,912.68

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.07 %

High school certificate or equivalent

23.75 %

Apprenticeship trade certificate/diploma

5.54 %

College/non-university certificate

19.16 %

University certificate (below bachelor)

1.59 %

University Degree

33.9 %

Commuter

Travel To Work

By Car

72.76 %

By Public Transit

11.3 %

By Walking

8.07 %

By Bicycle

0.19 %

By Other Methods

7.68 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

52.53 %

Houses

47.47 %

Own Vs. Rent

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