Property Type: Detached HouseOwnership: Freehold

217 MAYFIELD Avenue

Waterloo, BC N2J3S6

$849,900

5 bed2 bath5 parking1,777 sqftBuilt 1962
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Property Details

Property & Lot

Sub-type
House
Style
Bungalow
Stories
1
Frontage
60 feet

SR2/R1

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,466

Interior

Basement
Finished, Full
Heating
Forced air, Natural gas
Cooling / A/C
Central air conditioning
Fireplace
None
Appliances
Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer

Exterior & Lot

Exterior features
Brick
Lot features
Paved driveway, Sump Pump
Fencing
Partially fenced

Building

Foundation
Poured Concrete
Water source
Municipal water
Sewer
Municipal sewage system
Utilities
Natural Gas, Electricity, Cable, Telephone

Parking

Total spaces
5 — covered indicated
Features
Detached Garage

Room Dimensions

RoomLevelDimensions
3pc BathroomBasement5'9'' x 7'7''
Living roomBasement12'1'' x 14'3''
OfficeBasement10'11'' x 10'7''
BedroomBasement11'2'' x 11'4''
Primary BedroomBasement7'5'' x 13'8''
KitchenBasement12'4'' x 11'10''
3pc BathroomMain level4'10'' x 9'7''
BedroomMain level9'6'' x 13'2''
BedroomMain level9'7'' x 10'1''
Primary BedroomMain level13'0'' x 10'11''
Eat in kitchenMain level7'8'' x 17'4''
Dining roomMain level4'6'' x 8'10''
Living roomMain level11'5'' x 19'10''

Listing Information

MLS®
40860514
Listed
September 3, 2026
Time on market
On the market for 11 days
Data last synced
September 15, 2026

Listing provided by: THE AGENCY · Data source: CREA DDF.

Description

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. (id:63159)

Values & Trends

This listing

$478/sqft

Building average

No other active listings in this building

116 - Glenridge/Lincoln Heights average

$411/sqft

23 active listing(s)

Parking: 5 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Guelph

13°C

Humidity 88%

Wind SE 2 km/h

Today

23°

Tonight

17°

Wednesday

26°

Wednesday night

12°

Thursday

25°

Thursday night

13°

Source: Environment and Climate Change Canada.

Nearby Schools

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($59,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$679,920.00
Periodic payment — Principal & Interest (monthly)$4,386.61
Additional monthly expenses (strata, tax, utilities, etc.)$461.17
Total monthly cost$4,847.78
Interest paid over 5-yr term$194,867.03
Balance at end of term$611,590.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$59,990
Stress test qualifying rate8.09%
Payment you must qualify for$6,074.13

Cash Needed at Closing

Minimum down payment$59,990
Estimated BC PTT$14,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$76,488

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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