240 MAYFIELD Avenue, Waterloo, N2J3S5 - 40335924
Property Description

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:15472)

Location
CA
Ontario
Waterloo
116 - Glenridge/Lincoln Heights
N2J3S5
Details
Park, Place of Worship, Playground, Public Transit
Fourplex
Freehold
Attached
2
3808.0000
None
Poured Concrete
9
Brick
under 1/2 acre
: Radiant Heat
: None
Water softener
: Corner Site, Park/reserve, Laundry- Coin Operated
Municipal sewage system

240 MAYFIELD Avenue, Waterloo, N2J3S5

240 MAYFIELD Avenue, Waterloo, Ontario N2J3S5

7 Bedrooms
4 Bathrooms
$1,775,000
Listing ID #40335924
Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : 40335924
Price : $1,775,000
List Date : 21/10/2022
Bedrooms : 7
Bathrooms : 4

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