Listed for:Listed Sep 3, 2026
$849,900

217 Mayfield Avenue

Waterloo (Lincoln Heights), ON N2J 3S6

Multiplex For Sale
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 217 Mayfield Avenue, Waterloo, Lincoln Heights

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 217 Mayfield Avenue, Waterloo, Lincoln Heights

Summarized Description

  • Two separate homes for rental income.
  • Licensed with the City of Waterloo.
  • Solid brick construction with concrete foundation.
  • Private entrance for downstairs unit.
  • Close to universities and public transport.
  • Potential for multi-unit building development.
  • Large office space in lower unit.
  • Room for multiple vehicles in driveway.

Two separate homes under one roof, both rented, both licensed with the City of Waterloo, and a lot underneath them worth a longer look. The main floor has three bedrooms, a full kitchen, a three-piece bath, and a walkout to the deck over the back yard. Downstairs is a second complete home with two bedrooms, a large separate office, its own kitchen, bath, laundry and private entrance, so the two households never have to cross paths. The house is solid brick on a poured concrete foundation with shingles done in 2016, a gas furnace, central air, water softener and sump pump. There is a detached garage and room for four more cars in the drive. The land is the part most people miss. Just over sixty feet of frontage on close to 7,500 square feet, facing north, minutes from both universities and a four-minute walk to the bus at Lincoln and Mayfield. Waterloo changed its rules in December 2024 about what low-density residential land is allowed to become, and available is a full concept package for a larger multi-unit building here, with site plan, floor plans and mechanical drawings. Lincoln Heights and Bluevale catchment, with Roselea Park on the same street. Collect the rent while you look into the rest.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,466
Land Transfer Tax Fee
$13,473

Basement Type
Apartment

Interior Features

Laundry Level
Lower Level
Interior Extras
Sump Pump, Water Heater, Water Softener
Fireplace/Stove
No
Elevator
No

Exterior Features

Exterior Extras
Deck
Pool
None
Property Features
Place Of Worship, Public Transit, School, School Bus Route, Clear View

Building

Building Type
Multiplex
Building Style
Bungalow

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
60.09 ft
Lot Depth
120.73 ft
Lot Size
60.09 x 128.83 Feet
Lot Shape
Irregular
Lot Size Code
60.09 x 128.83 Feet

Parking & Garages

Garage Type
Detached
Garage Spaces
1
Parking Spaces
4
Total Garage And Parking Spaces
5

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Available
Telephone
Available

Bedrooms
3 + 2
Washrooms
2
Kitchens
2

Room sizes

  • Bedroom 2—
    Basement level
  • Bedroom—
    Main level
  • Breakfast—
    Main level
  • Bedroom 3—
    Main level
  • Kitchen—
    Main level
  • Bathroom—
    Main level, 3 Pc Bath
  • Living Room—
    Basement level
  • Bedroom—
    Basement level
  • Office—
    Basement level
  • Kitchen—
    Basement level
  • Bathroom—
    Basement level, 3 Pc Bath
  • Bedroom 2—
    Main level
  • Living Room—
    Main level
  • Bedroom 210.00 x 9.50
    Main level, Laminate, Closet, Window
  • Kitchen14.90 x 5.80
    Main level, Laminate, Side Door, Breakfast Area
  • Dining Room8.90 x 8.10
    Main level, Laminate, Overlooks Frontyard, Large Window
  • Office12.10 x 10.70
    Basement level, Vinyl Floor, Window
  • Bathroom9.70 x 4.90
    Main level, 3 Pc Bath, Porcelain Floor, Window
  • Bedroom 218.70 x 12.00
    Basement level, Vinyl Floor, Closet, Window
  • Primary Bedroom26.00 x 11.00
    Basement level, Vinyl Floor, Closet, Window
  • Living Room19.80 x 11.50
    Main level, Laminate, Combined w/Dining, Bay Window
  • Primary Bedroom13.00 x 12.00
    Main level, Laminate, W/O To Deck, Closet
  • Living Room—
    Basement level, Vinyl Floor, Combined w/Dining, Large Window
  • Bathroom12.50 x 6.10
    Basement level, Vinyl Floor
  • Bedroom 313.10 x 7.90
    Main level, Laminate, Closet, Window
  • Kitchen6.00 x 4.90
    Basement level, Vinyl Floor, Open Concept, Combined w/Living

Washrooms

  • 3-piece, Main
  • 3-piece, Basement

Area
Waterloo
Municipality
Waterloo
Neighbourhood
Lincoln Heights
Main cross streets
University Ave / Conestoga Pkwy
Zoning
Residential
Directions
University Ave / Conestoga Pkwy
Waterfront
None

MLS® number
X13743346
Data source
Toronto Regional Real Estate Board
Listed on
2026-09-03
Updated on
2026-10-22
Days on market
52 days
Possession type
Flexible
Co-op commission
2% + HST - SEE OFFER REMARKS
Seller
Listed by
THE AGENCY

Home Market Value

Current home valuation for 217 Mayfield Avenue, Waterloo, Lincoln Heights, Waterloo, ON. Listed for $849,900

HOMEH Estimate

?

$620,631

Estimated Sales Range

?

$564,403 - $879,589

HOMEH Estimate for 217 Mayfield Avenue, Waterloo, Lincoln Heights

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$620,631Low confidence
Based on 14 comparable properties
+ $229,269 (37%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Waterloo, ON
Minimum Down Payment Required:7.1%

5% on first $500K + 10% on $349,900 over $500K

Minimum down payment

$59,990

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$31,582$23,712$20,228$0
=Total mortgage
$821,139$788,622$742,643$679,920
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$4,009monthly$3,850monthly$3,626monthly$3,320monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$13,473

Total Land Transfer Tax

$13,473

Around this home

8/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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