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$1,190,000

Est. payment - /mo

6 Beds

2 Baths

New

406 Tamarack DR Waterloo, ON N2L 4G6

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Nigel Wong

nigel.wong@exprealty.com +1(647) 549-1865

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

MLS Listing ID X12557078

Style Bungalow-Raised

Bedrooms 6

Annual Tax Amount $5,229

Tax Year 2025

Property Sub-Type Detached

Property Description

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 Finished Underground And 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!

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room No

Basement Apartment, Finished with Walk-Out, Separate Entrance, Full

Kitchen 2

Separate Den/Office 1

Interior

Interior Features Auto Garage Door Remote, Carpet Free

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Landscaped, Privacy

Parking Features Front Yard Parking

Garage Spaces 1.0

Pool None

View Clear

Roof Type Asphalt Shingle

Lot Frontage 58.05

Lot Depth 125.46

Total Parking Spaces 5

Building

Unit Features Library,Park,Public Transit,School,School Bus Route,Clear View

Foundation Concrete

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Virtual Tour https://unbranded.mediatours.ca/property/406-tamarack-drive-waterloo/

Listed by ROYAL LEPAGE SIGNATURE REALTY

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Nigel Wong

Realtor | License ID: 9598315

+1(647) 549-1865

406 Tamarack DR Waterloo, ON N2L 4G6

Nigel Wong

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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406 Tamarack DR