Re-listed 17 days ago

56 Dover St, Waterloo, Ontario N2J 1Z1

Detached
3 + 2
3
~700-1100 sqft
$•••,•••
$799,000
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$3,995Cashback
Detached
3 + 2
3
~700-1100 sqft

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Highlights

Property Estimate

Days on market17 days

Total days on market
24 days

Estimated valueNot available

Price/Sqft$934/sqft

Monthly cost

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CMA Subject Property

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+8

Properties sold*

$794K

Median sold price*

*Based on last 30 days

Description

Smart Investment Opportunity in Waterloo! This turn-key, duplexed bungalow 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.


Property Details

StyleBungalow
View-
Age of property-
SqFt~700-1100 SqFt
Lot Size6,375 SqFt(125 x 51)
Parking Spaces5
MLS ®NumberX12286892
Community NameCentral
Data SourceTRREB
Listing byRoyal LePage Royal City Realty

Features

Heating: Forced Air
Cooling: Central Air
Basement: Full, Finished

Main Floor

Bathroom

3.12 x 1.66

3 Pc Ensuite

Bathroom

1.51 x 2.24

4 Pc Bath

Br

3.22 x 3.35

Br

3.19 x 3.81


Features

Lot size: 6,375 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 4

Total parking spaces 5


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
17 days on market
history photo preview47
Listing by trreb®

Market Data - Central

Geo Zone Map ThumbnailCentral

Strong Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

25 days

Compared to

2024

19 days

2023

18 days

2022

20 days

New Listings

Past 30 days

12 listings

Compared to

2024

10 listings

2023

13 listings

2022

9 listings

Units sold

Past 30 days

11 units

Compared to

2024

8 units

2023

7 units

2022

5 units

Median Sold Price

Past 30 days

$665,000

Compared to

2024

$794,000

2023

$930,000

2022

$1,485,000


Population and Demographics

Overview

Total population 13995
Average household income $123,262

Age (%)

0 to 19
13%
20 to 34
38%
35 to 49
15%
50 to 64
13%
65 and plus
21%

Household composition (%)

Single person
44%
Single family
43%
Multi person
13%
Multi family
0%

Mother tongue (%)

English
79%
Others
5%
Mandarin
5%
German
2%
Spanish
1%
French
1%
Hindi
1%
Arabic
1%

House tenancy (%)

Renters
64%
Owners
36%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget