406 Tamarack Drive
Waterloo, ON
5 bed • 2 bath • approx. 1500-2000 sqft • Detached • 127 days on market
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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Listing Details
- Taxes (2025)
- $5,230
- Listed
- April 18, 2026
Price History
Listing history
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Property
- Style
- Bungalow-Raised
- Construction
- Aluminum Siding, Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Auto Garage Door Remote, Carpet Free
- Lot Size
- 58.05 x 125.46 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Albert St / Columbia St W
- Zoning
- Resdiential
- Parcel Number
- 222760016
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- Existing Appliances: 2 Fridges, 2 Stoves, 2 Range Hoods, 1 Dishwasher, 2 Washers, 2 Dryers, 2 Range Hoods, All Existing Window Covers.
- Exclusions
- All Tenants Belongings
- Rental Items
- Hot Water Heater
Schools
Secondary
- St David Catholic Secondary School0.3 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Waterloo Collegiate Institute0.5 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- Bluevale Collegiate Institute2.8 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- Winston Churchill Public School0.3 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- Cedarbrae Public School1.5 km
Public · Waterloo Region DSB · 240 students
Grade 3 reading: 21% met the provincial standard · Grade 6 math: 14% met the provincial standard
- MacGregor Public School1.6 km
Public · Waterloo Region DSB · 510 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,025
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,025 recorded sales of residential freehold properties in Waterloo over the last 12 months.
Rooms
4-piece on Second, 3-piece on Main
Second
- Bathroom7'1" x 7'6"
- Bedroom 29'10" x 9'10"
- Bedroom 39'10" x 10'8"
- Bedroom 411'7" x 8'7"
- Dining Room12'1" x 14'5"
- Kitchen13'1" x 9'7"
- Living Room12'1" x 14'5"
- Primary Bedroom13'9" x 12'2"
Main
- Bathroom7'1" x 4'11"
- Bedroom 510'5" x 12'
- Breakfast
- Kitchen9'3" x 14'
- Laundry7' x 5'5"
- Living Room12' x 11'4"
Listed by
ROYAL LEPAGE SIGNATURE REALTY
Location
Mortgage Calculator
$199,976
Estimated Monthly Payment
$4,912
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,912/mo (20% down, 5.5%)
Taxes: $436/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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