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240 Mayfield Avenue Waterloo, Ontario N2J 3S5

7 Bedroom 4 Bathroom 3808
None Radiant Heat

$1,775,000

Ideal location! Rare opportunity to own a purpose-built all brick 4 plex located along the University ave gateway connecting K-W’s highway backbone to Waterloo’s learning and innovation centre. Sitting on a ¼ acre corner lot just a few hundred meters to the expressway and a stone’s throw from Conestoga College Waterloo Campus, close proximity to the universities, and Uptown Waterloo. Also conveniently located a walking distance to grocery stores & restaurants, trails, and connection to LRT. Well maintained and owner occupied for the last 13 years, this building is in great condition with lots of parking and is licensing exempt. Three of the four units will be vacant allowing new ownership to capitalize on the high rents with new tenants. Updates include new front cement walkway (2022), chimney rebuild (2022), new owned water heater (2022), water softener (2020), bathroom updates, new flooring, windows, and more! MR-4 zoning may allow for further future re-development. Don't miss the opportunity to add this multi-family property to your portfolio and take advantage of the hot rental market in the third-ranking best small city in Ontario for 2022! (id:22076)

Property Details

MLS® Number 40335924
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Features Corner Site, Park/reserve, Laundry- Coin Operated
Parking Space Total 9

Building

Bathroom Total 4
Bedrooms Total 7
Appliances Water Softener
Basement Type None
Constructed Date 1961
Construction Style Attachment Attached
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 2
Size Interior 3808
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Frontage 70 Ft
Size Total Text Under 1/2 Acre
Zoning Description Gr

https://www.realtor.ca/real-estate/24992168/240-mayfield-avenue-waterloo

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