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406 TAMARACK DRIVE, WATERLOO
2025-11-19
Quick Summary
MLS®#X12557078
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 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! (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Public Transit, Schools
Building
- Appliances: Garage door opener remote(s), Dishwasher, Dryer, Hood Fan, Two stoves, Two Washers, Two Refrigerators
- Architectural Style: Raised bungalow
- Basement Development: Finished
- Basement Type: Full (Finished)
- Construction Style: Detached
- Cooling Type: Central air conditioning
- Exterior Finish: Aluminum siding, Brick
- Fireplace: No
- Flooring Type: Laminate, Concrete, Ceramic
- Interior Size: 700 - 1100 sqft
- Building Type: House
- Stories: 1
- Utility Water: Municipal water
Features
- Feature: Carpet Free
Land
- Land Size: 58.1 x 125.5 FT|under 1/2 acre
- Sewer: Sanitary sewer
Ownership
- Type: Freehold
Structure
- Structure: Deck
Zoning
- Description: Resdiential
Information entered by ROYAL LEPAGE SIGNATURE REALTY
Listing information last updated on: 2025-11-26 17:01:24
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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