$999,980

Detached

406 Tamarack Drive, Waterloo, ON

2 DAYS
5+1
2
1
700-1100
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Listed by ROYAL LEPAGE SIGNATURE REALTY

Property Highlights

Garage

1 space

Property Tax

$5,230/yr

Lot Size

< .50 ac

Style

Bungalow-Raised

Basement

Full, Apartment

Monthly Cost

$4,658/mo

About This Home

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!

Monthly Cost

Monthly Mortgage$4,223
Property Tax ($5,230/yr)$436
Total$4,659

Price & Listing History

Schools

Location

Tap to view full map

Rooms

Ground Level

Living Room: 3.69m × 4.39m
Kitchen: 3.99m × 2.93m
Bathroom: 2.16m × 2.29m
Bedroom 2: 2.99m × 3.00m
Dining Room: 3.69m × 4.39m
Bedroom 4: 3.54m × 2.62m
Primary Bedroom: 4.19m × 3.71m
Bedroom 3: 2.99m × 3.26m

Lower Level

Laundry: 2.13m × 1.65m
Bathroom: 2.17m × 1.49m
Dining Room: 0.0 × 0.0
Bedroom 5: 3.17m × 3.66m
Living Room: 3.66m × 3.45m
Kitchen: 2.83m × 4.26m

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage