240 MAYFIELD Avenue, Waterloo, Ontario, N2J3S5

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For sale, ID#: 40335924
240 MAYFIELD Avenue
Waterloo Ontario
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7 Beds
4 Bath
$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:2471)

Representative
Ryan Briggs
Ryan BriggsSales Representative
CMA Realty Ltd. Brokerage
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Property Details
  • Property Address: 240 MAYFIELD Avenue, Waterloo, Ontario, N2J3S5
  • Property Type: Multi-family
  • Zoning Description: GR
  • Title: Freehold
  • Acreage: under 1/2 acre
  • Sewage Type: Municipal sewage system
  • Water Type: Municipal water
  • Total Parking Spaces: 9
  • Amenities Nearby: Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Structure Details
  • Structure Style: Fourplex
  • Style: Attached
  • Storeys: 2
  • Floor Space: 3808
  • Building Age: 1961
  • Bedrooms: 7
  • Bathrooms: 4-Total
  • Basement Type: None
  • Heating Type: Natural gas, Radiant heat
  • Cooling: None
  • Exterior Type: Brick
  • Foundation Type: Poured Concrete
  • Appliances Included: Water softener
Amenities / Features
  • Corner Site
  • Park/reserve
  • Laundry- Coin operated
Neighbourhood Information

Listing Offices: RE/MAX TWIN CITY REALTY INC.

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240 MAYFIELD Avenue, Waterloo, Ontario, N2J3S5

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