5 Beds 2 Bath

406 Tamarack Drive, Waterloo, ON N2L 4G6

Waterloo N2L 4G6 Ontario

MLS: X12557078

$1,190,000

Added 1 hour ago | For Sale

Listed by: ROYAL LEPAGE SIGNATURE REALTY

About 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 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!

Features

  • House Style:Detached
  • Bathrooms:2
  • Land Size: 58.05 X 125.46
  • Water:Municipal
  • Garage Spaces: /Built-In
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Albert St / Columbia St W
  • Basement:Apartment,Finished with Walk-Out,Separate Entrance,Full , Apartment,Finished with Walk-Out,Separate Entrance,Full
  • Possession Date:Flexible
  • Annual Property taxes: $5229.96
  • Bedrooms:5 +1
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:South
  • Front Footage:
  • Listing ID:X12557078

Level Type Features Dimensions
Bedroom 3 Overlooks Backyard, Laminate, Window 9 ft, 10 in x 10 ft, 8 in
Ground Living Room Combined w/Dining, Laminate, Window 12 ft, 1 in x 14 ft, 5 in
Dining Room Combined w/Living, Renovated 12 ft, 1 in x 14 ft, 5 in
Kitchen W/O To Deck, Ceramic Backsplash, Double Sink 13 ft, 1 in x 9 ft, 7 in
Primary Bedroom B/I Closet, Overlooks Frontyard, Window 13 ft, 9 in x 12 ft, 2 in
Bedroom 2 Overlooks Backyard, Laminate, Large Window 9 ft, 10 in x 9 ft, 10 in
Bedroom 4 Overlooks Frontyard, Laminate, Window 11 ft, 7 in x 8 ft, 7 in
Bathroom 4 Pc Bath, Large Window, Window 7 ft, 1 in x 7 ft, 6 in
Lower Dining Room Renovated 0 ft x 0 ft
Kitchen Double Sink, B/I Range, Large Window 9 ft, 3 in x 14 ft
Living Room Renovated, Large Window 12 ft x 11 ft, 4 in
Bedroom 5 Renovated, Above Grade Window 10 ft, 5 in x 12 ft
Bathroom Concrete Floor, Above Grade Window 7 ft, 1 in x 4 ft, 11 in
Laundry Ceramic Floor, Above Grade Window 7 ft x 5 ft, 5 in

No property rooms available.

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