$799,000
5.12 BTC
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56 Dover Street, Waterloo
$799,000
PRICE
3 + 2
BEDROOMS
3
BATHROOMS
X12286892
MLSID

56 Dover Street, Waterloo

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.
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Summary

Address
56 Dover Street
MLSID
X12286892
Property Type
Detached
Property Category
Bedrooms
3 + 2
Bathrooms
3
Kitchens
1 + 1
Zoning
SR2
Taxes (Annual)
$4,021.00
Tax Year
2024
Published
July 15, 2025
Days on Market
18 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Built-in Microwave, Carbon Monoxide Detector, Dishwasher, Dryer, Range Hood, Refrigerator, Smoke Detector

Details

Property Features
Park, Public Transit, School, School Bus Route
Security Features
Carbon Monoxide Detectors, Smoke Detector
Bathroom 1
3-Piece Main Level
Bathroom 2
4-Piece Main Level
Bathroom 3
3-Piece Basement Level
Parking Spaces
4
Parking Total
5
Architectural Style
Bungalow
Roof
Asphalt Shingle, Fibreglass Shingle
Construction Materials
Aluminum Siding, Brick
Lot Size
6,375
Lot Width
51 Feet
Lot Depth
125 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Vacant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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