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.
For sale
C$799,000
56 Dover St, Waterloo, ON N2J 1Z1
4beds
1,098sqft
Single Family Residence, Residential
Built in ----
-- sqft lot
$-- Zestimate®
C$728/sqft
C$-- HOA
What's special
Recessed lightingGenerously sized bedroomsPrivate ensuiteOwn laundryPractical layoutFully fenced backyard
- 148 days |
- 35 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: October 31, 2025 at 11:21am
Listed by:
Andra Arnold, Salesperson,
Royal LePage Royal City Realty
Source: ITSO,MLS®#: 40751577Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom
- Level: Main
Bedroom
- Level: Main
Other
- Level: Main
Bedroom
- Level: Basement
Bathroom
- Features: 3-Piece, Ensuite
- Level: Main
Bathroom
- Features: 4-Piece
- Level: Main
Basement
- Features: 3-Piece
- Level: Basement
Bonus room
- Level: Basement
Dining room
- Level: Main
Kitchen
- Level: Main
Kitchen
- Level: Basement
Living room
- Level: Main
Recreation room
- Level: Basement
Storage
- Level: Basement
Utility room
- Level: Basement
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Built-in Microwave, Dishwasher, Dryer, Range Hood, Refrigerator
Features
- Accessory Apartment
- Basement: Walk-Up Access,Full,Finished
- Has fireplace: No
Interior area
- Total structure area: 1,907
- Total interior livable area: 1,098 sqft
- Finished area above ground: 1,098
- Finished area below ground: 809
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: Detached Garage, Private Drive Double Wide
- Garage spaces: 1
- Uncovered spaces: 4
Features
- Frontage type: East
- Frontage length: 51.00
Lot
- Dimensions: 51 x
- Features: Urban, Park, Public Transit, School Bus Route, Schools
Details
- Parcel number: 223470007
- Zoning: SR2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence, Residential
Materials
- Aluminum Siding, Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt Shing, Fiberglass
Condition
- 51-99 Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal-Metered
Community & HOA
Community
- Security: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: C$728/sqft
- Annual tax amount: C$4,021
- Date on market: 7/15/2025
- Inclusions: Built-in Microwave, Carbon Monoxide Detector, Dishwasher, Dryer, Range Hood, Refrigerator, Smoke Detector
Andra Arnold, Salesperson
(519) 824-9050
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Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2025 | Listed for sale | C$799,000C$728/sqft |
Source:  TRREB #X12286892 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: N2J
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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