About 56 Dover Street
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 fully 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.
Features of 56 Dover Street
| MLS® # | 40751577 |
|---|---|
| Price | $799,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,098 |
| Acres | 0.00 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | 56 Dover Street |
|---|---|
| Area | 1 - Waterloo East |
| Subdivision | 114 - Uptown Waterloo/North Ward |
| City | Waterloo |
| County | Waterloo |
| Province | ON |
| Postal Code | N2J 1Z1 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Detached Garage |
| # of Garages | 1.00 |
| Is Waterfront | No |
Interior
| Interior Features | Accessory Apartment |
|---|---|
| Appliances | Built-in Microwave, Dishwasher, Dryer, Range Hood, Refrigerator |
| Heating | Forced Air, Natural Gas |
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Walk-Up Access, Full, Finished |
Exterior
| Lot Description | Urban, Park, Public Transit, School Bus Route, Schools |
|---|---|
| Roof | Asphalt Shing, Fiberglass |
| Construction | Aluminum Siding, Brick |
| Foundation | Concrete Perimeter |
Additional Information
| Date Last Updated | December 10th, 2025 |
|---|---|
| Zoning | SR2 |
Listing Details
| Office | Royal LePage Royal City Realty |
|---|