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

Property

Style

Bungalow-Raised

Basement

Full, Apartment Basement

Exterior Finish

Aluminum Siding, Brick

Heating

Forced Air · Gas

Cooling

Central Air

Pool

None

Parking

Garage Type

Built-In

Total Parking

Land

Lot Size

58.05 × 125.46 ft

Lot Features

Clear View, Library, Park, Public Transit, School

Sewer

Listing

MLS® Number

X13016716

Listed Date

Apr 18, 2026

Last Updated

Apr 19, 2026

About This Community

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School Zones

Public · WRDSB

Catholic · WCDSB

School boundaries and eligibility may change. Confirm school eligibility directly with the school board.

Location

View on Map

$999,880

406 Tamarack Drive, Waterloo, ON N2L 4G6

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