For Sale

56 Dover Street, Waterloo, Ontario N2J 1Z1

$799,000

56 Dover Street, Waterloo, Ontario N2J 1Z1 is For Sale and has a listing price of 799,000. The property is located in the Waterloo . It's been on the website for 126 Days.

  • Detached
    Property Type
  • 5
    Bedrooms
  • 3
    Bathrooms
  • MLS ID: X12286892
  • Office Name Royal LePage Royal City Realty
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 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
  • Bedrooms: 5
  • MLS ID: X12286892
  • Bathrooms: 3
  • Price: $799,000
  • Lot Depth: 125
  • Transaction Types: For Sale
  • Ref ID: X12286892
  • Year Built: N/A
  • Approx Sqft: 700-1100
  • Dir / Cross St: Erb St E
  • Status: Active
  • Tax Year: 2024
  • Property Type: Detached
  • Property Type: All Houses
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
07/15/2025 X12286892 $799,000 For Sale - -
07/09/2025 X12274174 $729,900 For Sale 07/15/2025 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Waterloo
  • $806,756 Average List Price
    based on 1 year
  • 285 New Listings
    based on 30 days
  • 46 Median Days on Market
    based on 1 year
  • List vs. Selling Price 116.67 % Up
  • Sold (12mo) 648
  • Rented (12mo) 242

  • 1 Month Change +20.8%
  • 3 Month Change +33.3%
  • 6 Month Change -1.9%
Walkscore
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Bungalow
  • Washroom Type1: 1
  • Garage Type Detached
  • Parking Spaces: 4
  • Exterior Brick, Aluminum Siding
  • Kitchen 2
  • Family Room: 1
  • Washrooms Type 1 # Pcs: 3
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 3 # Pcs: 3
  • Washrooms Type 2: 1
  • Washrooms Type 3: 1
  • Taxes: $4,021
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 15/07/2025 20:53:05
Want to see this property?