For Sale
$799,000
56 Dover Street, Waterloo, Ontario N2J 1Z1

Waterloo Bungalow with Legal ADU

Property Description

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 fully 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.

Property Stats

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Open House

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Sq. Ft.

1,098

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Bed

5 (3+2)

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Bath

3

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Parking

1
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Property Highlights

Neighbourhood


Waterloo

Lot Size


51' x 125'

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Year Built


1953

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Key Features


Fully Renovated, Legal 2-Bedroom Apartment, Parking for 5, new Electrical, New Plumbing, New Furnace, New AC, New Roof

Property Location

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