406 Tamarack Drive

Waterloo N2L 4G6

$999,980

About the Property

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!

Extra info

Na

Property Details

Property Type:

Detached

House Style:

Bungalow-Raised

Bathrooms:

2

Land Size:

58.05 x 125.46 FT

Parking Places:

4

Fireplace:

N

Heating Fuel:

Gas

Cross Street:

Albert St / Columbia St W

Basement:

Full

Possession Date:

Flexible

Annual Property Taxes:

$5,229.96

Status:

For Sale

Bedrooms:

5 + 1

Total Parking Spaces:

5

A/C Type:

Central Air

Garage Spaces:

1

Driveway:

Front Yard Parking

Heating Type:

Forced Air

Pool Type:

None

Exterior:

Aluminum Siding

Fronting On:

South

Front Footage:

58.05

Listing ID:

X12789974

Harpreet Rakhra

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    Room Details

    Levels

    Rooms

    Dimensions

    Features

    Ground

    Living Room

    3.69m x 4.39m

    Combined w/Dining Laminate

    Dining Room

    3.69m x 4.39m

    Combined w/Living Renovated

    Kitchen

    3.99m x 2.93m

    W/O To Deck Ceramic Backsplash

    Primary Bedroom

    4.19m x 3.71m

    B/I Closet Overlooks Frontyard

    Bedroom 2

    2.99m x 3.00m

    Overlooks Backyard Laminate

    Bedroom 3

    2.99m x 3.26m

    Overlooks Backyard Laminate

    Bedroom 4

    3.54m x 2.62m

    Overlooks Frontyard Laminate

    Bathroom

    2.16m x 2.29m

    4 Pc Bath Large Window

    Lower

    Dining Room

    Renovated

    Kitchen

    2.83m x 4.26m

    Double Sink B/I Range

    Living Room

    3.66m x 3.45m

    Renovated Large Window

    Bedroom 5

    3.17m x 3.66m

    Renovated Above Grade Window

    Bathroom

    2.17m x 1.49m

    Concrete Floor Above Grade Window

    Laundry

    2.13m x 1.65m

    Ceramic Floor Above Grade Window

    Price History

    Date

    14th February 2026

    Event

    Listed For Sale

    Price

    $999,980

    Time On Market

    1 day

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    Harpreet Rakhra

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