406 Tamarack Drive, Waterloo, ON

$999,880
MLS#:X13016716
5 beds
2 baths
1500-2000 sqft
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow-Raised"] detached located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $999,880 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 58.05 x 125.46 ft lot
  • Features a ["full", "apartment"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Auto Garage Door Remote, Carpet Free
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

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.

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Key Features

Bedrooms
5
Bathrooms
2
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date4/18/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionAluminum Siding, Brick
Lot Size58.05 × 125.46 Feet
CountyWaterloo
Annual Tax$5,229.96
Legal DescriptionLT 2 PL 1159 CITY OF WATERLOO; WATERLOO

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Clear View, Library, Park, Public Transit, School

Community Features

Location

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406 Tamarack Drive, Waterloo, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Waterloo.

Verified Local Data
Population575,847
Median Age38 Yrs
Ownership65% Owners
Avg Area List Price$716,869

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Local Schools Guide

Elementary Schools

Our Lady of Lourdes
Public55 Roslin Avenue South, Waterloo, Ontario, N2L 6N5
5.0
Winston Churchill
Public100 Milford Avenue, Waterloo, Ontario, N2L 3Z3
5.5
Elizabeth Ziegler
Public90 Moore Avenue South, Waterloo, Ontario, N2J 1X2
6.3
L'Harmonie
Public158 Bridgeport Road East, Waterloo, Ontario, N2J 2K4
6.5
Keatsway
Public323 Keats Way, Waterloo, Ontario, N2L 5V9
4.8

Secondary Schools

St. David
Catholic4 High Street, Waterloo, Ontario, N2L 3X5
8.0
Kitchener Waterloo
Public787 King Street West, K-W Hospital, Kitchener, Ontario, N2G 1E3
7.4
Bluevale
Public80 Bluevale Street North, Waterloo, Ontario, N2J 3R5
7.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 406 Tamarack Drive, Waterloo, ON N2L 4G6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Financial Audit

Estimated Costs

Loan Amount$799,904
Monthly Mortgage$4,648
Property Tax (Est.)$436
Utilities & Maint.$350
Total Monthly Cost$5,434

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Waterloo.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.