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For saleMLS® X13772182

391 Tamarack Drive, Waterloo, ON N2L 4G7

$699,900

$1,000 / sq ft

1 months on market

Bedrooms
3+1
Bathrooms
3
Interior
700 sf
Parking
5
Lot
70.08 × 132.89 ft
Age
51-99 years

What's special

  • Attached garage
  • Central air
  • Basement apartment
  • Accessory apartment
  • In-law capability

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About this property

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.

Rooms

7 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Living RoomMain4.70 × 3.81 m15.4 × 12.5 ftVinyl Floor · Window
KitchenMain2.39 × 3.30 m7.8 × 10.8 ftVinyl Floor
BedroomGround3.20 × 2.39 m10.5 × 7.8 ftVinyl Floor · Window · Closet
BedroomGround3.71 × 3.00 m12.2 × 9.8 ftVinyl Floor · Window · Closet
Primary BedroomGround3.91 × 3.30 m12.8 × 10.8 ftVinyl Floor · Window · Closet
BedroomBasement3.00 × 2.75 m9.8 × 9.0 ftBroadloom · Closet
RecreationBasement3.40 × 6.70 m11.2 × 22.0 ft—

Features

  • Accessory Apartment
  • In-Law Capability

Property details

Property

Property type
detached
Bedrooms
3 + 1
Bathrooms
3
Interior size
700 sq ft
Year built
51-99
Lot size
70.08 × 132.89 ft
Possession
immediate

Interior

Basement
Apartment, Development Potential
Heating
Forced Air · Gas
Cooling
Central Air
Exposure
North

Exterior & services

Construction
Brick, Aluminum Siding
Garage
Attached
Parking spaces
5
Sewer
Sewer

Costs

List price
$699,900
Property taxes
$3,791 / year (2026)
Price per sq ft
$1,000
Rental items
Hot Water Tank

Listing

MLS® number
X13772182
Status
For sale
Listed
September 11, 2026
Days on market
55
Last updated
September 29, 2026
Listing brokerage
RE/MAX REAL ESTATE CENTRE INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced below most comparable listings — about 16% of comparable detached listings in Waterloo are asking less.

$669KMedian $925K$1.39M
This home
$1,000 / sq ft
Comparable median
$566 / sq ft

Based on 95 comparable active detached listings in Waterloo. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.4% · minimum $44,990
$44,990
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,621.11
Property tax (est.)
$315.94
Estimated monthly
$3,937

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$10,473
Total due on closing
$10,473

An estimate on the asking price of $699,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX REAL ESTATE CENTRE INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$699,900

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