view of front facade featuring a front yard, brick siding, and a chimney Features: lawn More Photos

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    For Sale - 406 Tamarack Drive, Waterloo, Ontario

    Est payment $4,957/mo
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    AI Summary *

    • Fully licensed duplex in a prime location near universities and colleges.
    • Modern kitchen with quartz countertops and stainless-steel appliances.
    • Bright living and dining area perfect for relaxation and gatherings.
    • Four spacious bedrooms and a separate entrance to a basement apartment.
    • Strong rental income potential and future development opportunities.




    Beautiful legal duplex in the heart of waterloo's university district. Welcome to this beautiful, fully licensed duplex ideally located in one of waterloo's most sought-after neighborhoods - right within the university district. Just a short walk to wilfrid laurier university, the university of waterloo, and conestoga college, this property offers exceptional convenience for students and investors alike. The home features a spacious, modern kitchen with quartz countertops, stylish backsplash, new cabinetry, and stainless-steel appliances, with a walk-out to a balcony overlooking a spacious backyard that backs directly onto st. David catholic secondary school's green field. No neighbours behind, providing lots of privacy. The bright and open living and dining area provides an inviting space for relaxation and entertaining. You'll find four generously sized bedrooms, while a separate entrance leads to an additional fully finished basement apartment, offering flexibility for tenants or extended family. Spent lots of $$$ on renovations, including but not limited to basement waterproofing and an upgraded 200a electrical panel, which is very rare in the area. This property is city-licensed for student housing and currently generates approximately $5,000 per month during the school year, making it an ideal investment for parents of university students, seasoned investors seeking strong rental returns, or first-time buyers looking for a mortgage helper. Extensive renovations have been completed top to bottom, including (but not limited to):roof (2021)hvac system (2021)gas meter (2021)electrical panel upgrade (2021)basement waterproofing (2021)garage door (2022)driveway (2024)additionally, this property falls within an area identified by the city of waterloo for potential medium-rise residential development, offering strong future growth potential for savvy investors. Don't miss this rare opportunity to own a turnkey, income-generating property!
    Listing IDX12789974
    Address406 Tamarack Drive
    CityWaterloo, Ontario
    Price$999,980
    Bed / Bath6 / 2 Full
    StyleBungalow-Raised, Detached
    ConstructionAluminum Siding, Brick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Auto Garage Door Remote, Carpet FreeOutdoor Features Deck, Landscaped, PrivacyAmenities Clear View, Library, Park, Public Transit, SchoolOwnership FreeholdViews ClearBasement Full, ApartmentFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  ROYAL LEPAGE SIGNATURE REALTY
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    406 Tamarack Drive
    Waterloo , Ontario
    6 2 $999,980
    Get more info