406 Tamarack Drive
Waterloo, ON N2L 4G6
NewActiveFor Sale
5 Beds
2 Baths
1,500 Sq Ft
Single Family Home
About This Property
Welcome To This Beautifully Renovated, Fully Licensed Legal Duplex In The Heart Of Waterloo's Desirable University District. Walking Distance To Wilfrid Laurier University, University Of Waterloo, And Conestoga College-Ideal For Investors And Student Living.The Second Floor Features A Modern Kitchen With Quartz Countertops, Backsplash, New Cabinetry, And Stainless-Steel Appliances, With Walk-Out To A Balcony Overlooking A Private Backyard Backing Onto St. David Catholic Secondary School Field-No Rear Neighbours. Bright Open-Concept Living/Dining And 4 Spacious Bedrooms.Separate Entrance To A Fully Finished Main-Floor Apartment, Perfect For Rental Income Or Extended Family. Extensive Upgrades Include Waterproofed Basement And Rare 200-Amp Electrical Panel. Updates: Roof (2021), HVAC (2021), Gas Meter (2021), Electrical (2021); Garage Door (2022); Driveway (2024); Main Floor (2025).City-Licensed Student Rental Generating Approx. $5,000/Month During School Year. Located In An Area With Future Medium-Rise Development Potential.Turnkey, Income-Generating Legal Duplex With 2 Licensed Units In A Prime Location.
Property Details
StatusActive
Property TypeSingle Family Home
Listing TypeFor Sale
Interior Size1,500 sq ft
Bedrooms5
Bathrooms2
ListedApril 18, 2026
Postal CodeN2L 4G6
Features & Amenities
- View
- Air Conditioning
- Basement
TRREB MLS® Attribution
MLS® X13016716
Listed by ROYAL LEPAGE SIGNATURE REALTY
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Mortgage Estimate
Est. Monthly Payment
$4,883
/month · $799,904 mortgage
Down Payment20% — $199,976
Interest Rate5.5%
Amortization
Total Interest
$664,860
Total Cost
$1,464,764
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
Full Mortgage Calculator →Listed By
ROYAL LEPAGE SIGNATURE REALTY