131 m
Distance
5
Beds
3
Baths
1,098
Sq Ft
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.
Listing By: Andra Arnold - Royal LePage Royal City Realty 
- MLS® 40793674
- Date Listed12/12/2025
- Days on Realty 176 Days
- Bedrooms 5
- Bathrooms 3 Full baths
- Lot Size -
- County Waterloo
- Square Feet 1,098 sq. ft
- Price Per Sq. Ft $637.43
Interior Features
- Appliances Built-in Microwave, Dishwasher, Dryer, Range Hood, Refrigerator
- Cooling Central Air
- Heating Forced Air, Natural Gas
Exterior / Lot Features
- Roof Fiberglass
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features Urban, Park, Public Transit, School Bus Route, Schools
Sales & Tax History
Source: Public Records
Local Neighborhood Highlights for N2J 1Z1
Discover key demographics, population statistics, and environmental insights for the Waterloo, ON area.
81/100
Very Walkable
Walk Score ®
52/100
Good Transit
Transit Score ®
77/100
Very Bikeable
Bike Score ®
Overview
Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.
Transit Summary
13 nearby routes: 12 bus, 1 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 52/100, Transit Score: 43/100, Bike Score: 61/100.
Points of Interest near 56 Dover Street, Waterloo ON N2J 1Z1, Waterloo, ON N2J 1Z1
Frequently Asked Questions for 56 Dover Street, Waterloo ON N2J 1Z1
Source: Realty.com
56 Dover Street, Waterloo ON N2J 1Z1, Waterloo, ON N2J 1Z1 in Waterloo, ON N2J 1Z1 is a single family residence listed at $699,900. Highlights include 5 bedrooms, 3 bathrooms, 1,098 sq. ft., $637 per sq. ft.. Realty.ca has 47 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 47 photos of 56 Dover Street, Waterloo ON N2J 1Z1.
The full address for this home is 56 Dover Street, Waterloo ON N2J 1Z1, Waterloo, ON N2J 1Z1.
56 Dover Street, Waterloo ON N2J 1Z1 has been listed on Realty.com since Fri December 12, 2025
Most errands can be accomplished on foot. Many nearby public transportation options. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 52/100, Transit Score: 43/100, Bike Score: 61/100.
Listing provided courtesy of:
Royal Lepage Royal City Realty - itso
(tel: 519-824-9050)
Listing agent:
Andra Arnold
(tel: 519-766-6041)
This content last refreshed on 2026-06-06 23:36:03. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.