406 Tamarack Drive
Just listed! New listings in Waterloo often receive offers within the first week.
About this home
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 in come or extended family. Extensive upgrades include waterproofed basement and rare 200-ampelectrical panel. Updates: Roof, HVAC, gas meter, 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.
Rooms
| Dining Room | 0.00 × 0.00 m | Renovated |
| Kitchen | 2.83 × 4.26 m | Double Sink B/I Range Large Window |
| Living Room | 3.66 × 3.45 m | Renovated Large Window |
| Bedroom 5 | 3.17 × 3.66 m | Renovated Above Grade Window |
| Bathroom | 2.17 × 1.49 m | Concrete Floor Above Grade Window |
| Laundry | 2.13 × 1.65 m | Ceramic Floor Above Grade Window |
| Living Room | 3.69 × 4.39 m | Combined w/Dining Laminate Window |
| Dining Room | 3.69 × 4.39 m | Combined w/Living Renovated |
| Kitchen | 3.99 × 2.93 m | W/O To Deck Ceramic Backsplash Double Sink |
| Primary Bedroom | 4.19 × 3.71 m | B/I Closet Overlooks Frontyard Window |
| Bedroom 2 | 2.99 × 3.00 m | Overlooks Backyard Laminate Large Window |
| Bedroom 3 | 2.99 × 3.26 m | Overlooks Backyard Laminate Window |
| Bedroom 4 | 3.54 × 2.62 m | Overlooks Frontyard Laminate Window |
| Bathroom | 2.16 × 2.29 m | 4 Pc Bath Large Window Window |
Features
- Auto Garage Door Remote
- Carpet Free
- Deck
- Landscaped
- Privacy
- Full
- Apartment
- Central Air
- Bungalow-Raised
Financials
Estimated Rental Income
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Waterloo
Based on active listings in Waterloo. Data updates daily.
Our estimate for this home
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
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MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
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