391 Tamarack Drive
Waterloo, ON
- 4 bed
- 3 bath
- approx. 700-1100 sqft
- Detached
- 8 days on market
Location, Location, Location!!! Welcome to 391 Tamarack Drive, a beautifully maintained and renovated home located in the heart of Waterloo's highly sought-after University District. Just a short walk to the University of Waterloo, Wilfrid Laurier University, and Conestoga College, this property offers an exceptional opportunity for families, investors, parents of students, or buyers seeking a prime location with strong income potential. Situated in a family-friendly neighborhood, this well-kept raised bungalow features a bright open-concept living and dining area, three generously sized bedrooms, and a large private backyard perfect for relaxing or entertaining. The fully finished ground-floor apartment offers excellent flexibility as an in-law suite, extended family accommodation, or income-generating rental unit with the potential for a separate living arrangement. Additional highlights include a private driveway with parking for up to four vehicles, a spacious lot, and convenient access to public transit, shopping, restaurants, parks, and all major amenities. Located just minutes from Conestoga Mall and Highway 85, this property combines everyday convenience with outstanding long-term value. Located in an area with future medium-rise development potential, this property presents a rare opportunity for both homeowners and investors looking to benefit from Waterloo's continued growth.
Listing Details
- Taxes (2026)
- $3,791
- Listed
- September 11, 2026
Price History
Listing history
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Property
- Style
- Bungalow-Raised
- Age
- 51-99
- Construction
- Brick, Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Unknown
- Interior
- Accessory Apartment, In-Law Capability
- Lot Size
- 70.08 x 132.89 Feet
Parking
- Garage
- Attached
- Covered Spaces
- 1
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Austin Drive
- Parcel Number
- 222770085
- Possession
- Immediate
- Occupancy
- Vacant
Included
- Inclusions
- NONE
- Exclusions
- NONE
- Rental Items
- Hot Water Tank
Schools
Secondary
- St David Catholic Secondary School0.3 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Waterloo Collegiate Institute0.4 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- Bluevale Collegiate Institute2.7 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- Winston Churchill Public School0.4 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- MacGregor Public School1.5 km
Public · Waterloo Region DSB · 510 students
- Cedarbrae Public School1.6 km
Public · Waterloo Region DSB · 240 students
Grade 3 reading: 21% met the provincial standard · Grade 6 math: 14% met the provincial standard
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
- 1,032
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,032 recorded sales of residential freehold properties in Waterloo over the last 12 months.
Rooms
3-piece on Ground, 3-piece on Basement, 2-piece on Basement
Main
- Kitchen7'10" x 10'10"
- Living Room15'5" x 12'6"
Ground
- Bedroom12'2" x 9'10"
- Bedroom10'6" x 7'10"
- Primary Bedroom12'10" x 10'10"
Basement
- Bedroom9'10" x 9'
- Recreation11'2" x 22'
Listed by
RE/MAX REAL ESTATE CENTRE INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$139,980
Estimated Monthly Payment
$3,438
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,438/mo (20% down, 5.5%)
Taxes: $316/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.
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