For Sale


423 TAMARACK Drive, Waterloo, ON N2L 4G9

Bungalow 7 Beds 2+0 Baths


$43,200 Gross Annual Income Available here with tenants on multi-year lease. This building is City-approved operation that generates positive cash flow with 35% down. Legal money maker!This rental licensed property with a registered accessory apartment has a desirable four and three bedroom lay out. Main floor unit has a large eat in kitchen and spacious living. Building is carpet free - with thin plank hardwood throughout main, laminate through lower level and ceramics in kitchen and bathrooms. Good, clean tenants. Note extensive side deck with a large backyard that all tenants enjoy! Note walk up from basement.Location within walking distances to both universities, St. David's Highschool, shopping (including Beer Store) and groceries (new Farm Boy) and public transit (including bus route that goes directly to main entrance of WLU).This opportunity is ideal for: extended, multi-generational family, parent investor with kid going to school, or shrewd investor seeking positive cash flow in one of Ontario's perennial Top Ten Towns or even parent investor.Tough to beat! Let's set up a showing Today!




Tenants' Possessions

Property Summary

  • Building Style: Bungalow
  • Lot Frontage: 54.00 Feet
  • Lot Depth: 140.00 Feet
  • No. of Parking Spaces: 5
  • Floor Space (approx): 1073.00 Square Feet
  • Built in: 1964
  • Bedrooms: 7
  • Bathrooms (Total): 2+0
  • Zoning: R1

Property Features:

  • Acres Range:
    < 0.5
  • Architectural Style:
  • Basement Finish:
    Fully Finished
  • Basement Type:
    Full Basement
  • Construction Materials:
    Brick , Wood
  • Exterior Features:
  • Features Area Influences:
    Public Transit , Schools , Shopping Nearby
  • Foundation Detail:
    Poured Concrete
  • Heating:
    Forced Air , Gas
  • Interior Features:
    Accessory Apartment , In-Law Suite , Water Meter
  • Laundry Features:
    In Basement , Lower Level , Shared
  • Lease To Own Equipment:
  • Roof:
    Asphalt Shing
  • Security Features:
    Smoke Detector(s)
  • Sewer:
    Sewer (Municipal)
  • Under Contract:
  • Water Source:


  • Bathroom:
    Level: Main Level
  • Bedroom:
    Level: Main Level
  • Bedroom:
    Level: Main Level
  • Kitchen:
    Level: Main Level
  • Living:
    Level: Main Level
  • Master Bedroom:
    Level: Main Level
  • Bathroom:
    Level: Lower
  • Bedroom:
    Level: Lower
  • Bedroom:
    Level: Lower
  • Bedroom:
    Level: Lower
  • Bedroom:
    Level: Lower
  • Kitchen:
    Level: Lower
  • Utility:
    Level: Lower
Neighbourhood Info

Get More Info

Book a tour