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.
3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,214 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 217 Mayfield Ave
Every detail from the listing, in one place.
Type
Multiplex
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Lot size
60.09 x 128.83 Feet
Parking
5 spacesYes garage
Basement
Apartment
Features & systems
Parking & garage
Garage
Yes
Parking spaces
5
Interior
Basement
Apartment
Lot & land
Lot dimensions
60.09 x 128.83 Feet
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Multiplex
217 Mayfield Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13743346$849,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 217 Mayfield Ave Compares to the Waterloo Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,175
/mo
based on the purchase price of $849,900
$169,980 cash
$679,920 financed
$572,671 total interest
Principal54%$679,920
Interest46%$572,671
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Mayfield Avenue? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 217 Mayfield Ave with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 217 Mayfield Ave day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 217 Mayfield Ave
Homes for sale in Waterloo
Every active Waterloo MLS® listing, updated all day.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings399Homes for sale here right now.
Median vs prior 90 days−3.8%Compared with Apr 29 – Jul 28, 2026: prices down.
Based on 436 sales from Jul 28 – Oct 26, 2026 (305 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
217 Mayfield Ave is listed at $849,900 (MLS® X13743346). Summitly updates the price as soon as the MLS® record changes.
Is $849,900 a good price for 217 Mayfield Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Waterloo. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 217 Mayfield Ave changed?
No — 217 Mayfield Ave is still listed at its original asking price of $849,900.
How many bedrooms and bathrooms does 217 Mayfield Ave have?
217 Mayfield Ave has 3 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a multiplex in Waterloo.
Is 217 Mayfield Ave close to transit?
The nearest rapid-transit station is Waterloo Public Square Station (ION), about 2.0 km in a straight line. Willis Way Station is about 2.3 km, and Laurier - Waterloo Park Station is about 2.3 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 217 Mayfield Ave?
About $4,175 a month — principal and interest on $849,900 with 20% down ($169,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 217 Mayfield Ave compare with other homes in Waterloo?
Its asking price of $849,900 is about 24% above the median sold price in Waterloo over the last 90 days, $687,500, across 436 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 217 Mayfield Ave been sold before?
Summitly has no earlier MLS® sale or lease of 217 Mayfield Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 217 Mayfield Ave?
217 Mayfield Ave is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 217 Mayfield Ave been on the market?
53 days — 217 Mayfield Ave was listed on September 3, 2026.
What is the price per square foot of 217 Mayfield Ave?
About $773 to $1,214 per square foot: the asking price of $849,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 217 Mayfield Ave have parking or a garage?
Yes — the listing gives 5 parking spaces. Garage: Yes.
