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Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

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MLS# X12789974Waterloo · N2L 4G6
For SaleDetached

406 Tamarack Drive

$999,980
5 Bed + Den2 Bath64d on market
MLS# X12789974Waterloo · N2L 4G6
For SaleDetached

406 Tamarack Drive

$999,980

64 days on market

Bedrooms
5 Bed + Den
Bathrooms
2 Bath
Size (MLS Range)
700-1100 sq ft
Parking
5 Built-In
Lot Size
< .50 acres
Virtual Tour

Listing History — This Unit

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Apr 18, 2026(1d ago)·2 DOM
$999,880
Active
700-1100 sqft·ROYAL LEPAGE SIGNATURE REALTY
X13016716
Feb 14, 2026(2mo ago)·64 DOM
$999,980
Active
700-1100 sqft·ROYAL LEPAGE SIGNATURE REALTY
X12789974Current
Jan 01, 2024
$000,000Terminated

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Jan 01, 2024
$000,000Terminated

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About This Listing

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!

Property Details

MLS NumberX12789974
Property TypeDetached
StyleBungalow-Raised
Listing TypeFor Sale
StatusActive
Bedrooms5 Bed + Den
Bathrooms2
Size700-1100 sq ft
Lot Size< .50 acres
Parking Spaces5
Parking TypeBuilt-In
Property Tax$5,229.96/yr
Days on Market64
Listed2026-02-14
MunicipalityWaterloo
Cross StreetAlbert St / Columbia St W

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Listing provided by ROYAL LEPAGE SIGNATURE REALTY

Based on information from the Toronto Regional Real Estate Board (TRREB). All information deemed reliable but not guaranteed and should be independently verified. The accuracy of information is not guaranteed, has not been verified, and does not constitute professional advice.

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MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

This listing content is not intended to solicit properties already listed for sale or individuals who are currently under contract with a brokerage.

Data last updated: April 18, 2026 at 12:56 a.m.