406 Tamarack Drive, Waterloo, ON, N2L 4G6

$1,190,000

MLS® # X12557078

House For Sale In Columbia, Waterloo, Ontario

$1,190,000

  • 6

    Bedrooms

  • 2

    Baths

  • 5

    Parking Spaces

Property Information:

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!

Inclusions: Existing Appliances: Garage door opener remote, Dishwasher, Two Dryers, Two Hood Fans, Two stoves, Two Washers, Two Refrigerators, All Existing Window Covers.

Exclusions : All Tenants Belongings

Property Features:

  • Bedrooms: 5+1
  • Bathrooms: 2
  • Annual Tax Amount: $5,229
  • Architectural Style: Bungalow-Raised
  • Basement: Full, Finished
  • Construction Materials: Aluminum Siding, Brick
  • Cooling: Central Air
  • Exterior Features: Deck, Landscaped, Privacy
  • Floor Space (approx): 700-1100 Square Feet
  • Foundation Details: Concrete
  • Garage Type: Built-In
  • Heat Type: Forced Air
  • Interior Features: Auto Garage Door Remote, Carpet Free
  • Lot Depth: 125.46 Feet
  • Lot Frontage: 58.05 Feet
  • Lot Size Range Acres: < .50
  • Parking Features: Front Yard Parking
  • Pool Features: None
  • Property Features: Clear View, Library, Park, Public Transit, School
  • Roof: Asphalt Shingle
  • Security Features: Carbon Monoxide Detectors, Smoke Detector
  • View: Clear
  • Heat Source: Gas
  • Water: Municipal
  • Sewer: Sewer
  • No. of Parking Spaces: 5

Rooms:

  • Living Ground Level 3.69 m x 4.39 m
  • Dining Ground Level 3.69 m x 4.39 m
  • Kitchen Ground Level 3.99 m x 2.93 m
  • Primary Bedroom Ground Level 4.19 m x 3.71 m
  • Bedroom Ground Level 2.99 m x 3 m
  • Bedroom Ground Level 2.99 m x 3.26 m
  • Bedroom Ground Level 3.54 m x 2.62 m
  • Bathroom Ground Level 2.16 m x 2.29 m
  • Dining Other level :Lower
  • Kitchen Other level :Lower 2.83 m x 4.26 m
  • Living Other level :Lower 3.66 m x 3.45 m
  • Bedroom Other level :Lower 3.17 m x 3.66 m
  • Bathroom Other level :Lower 2.17 m x 1.49 m
  • Laundry Other level :Lower 2.13 m x 1.65 m

Courtesy of: Royal LePage Signature Realty

Data provided by: Toronto Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Additional Photos