391 Tamarack Drive, Waterloo, ON N2L 4G7
Waterloo · Near Austin Drive · View map
About this home
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.
The home
- Type
- Raised bungalow
- Style
- Bungalow-Raised
- Square footage
- 700-1100 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 1
- Bathrooms
- 3
- Kitchens
- 2
- Rooms
- 5
- Basement
- Apartment, Development Potential
- Lot size
- 70.1 x 132.9 ft
- Faces
- North
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Aluminum Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Attached
- Garage spaces
- 1
- Driveway spaces
- 4
- Total parking
- 5
- Parking features
- Private
Taxes & other
- Property taxes
- $3,791/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- immediate
- Cross street
- Austin Drive
More
- Price per sq ft
- ~$778 (at 900 sq ft)
- Listed
- Sep 11, 2026 · 31 days ago
- MLS® number
- X13772182
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The home and its surroundings
- Accessory Apartment
- In-Law Capability
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
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Your commute
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Listing history for 391 Tamarack Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 391 Tamarack Drive
Answers come straight from this home’s MLS® listing.
How much is 391 Tamarack Drive listed for, and what would it cost each month?
391 Tamarack Drive is listed for $699,900. With 20% down ($139,980), the mortgage payment would be roughly $2,823 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,139 a month, all in. That figure is an illustration, not a quote.
Is 391 Tamarack Drive freehold or a condo, and is there a monthly fee?
391 Tamarack Drive is a raised bungalow in Waterloo. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 391 Tamarack Drive have?
391 Tamarack Drive has 3 bedrooms, plus 1 more bedroom in the basement, and 3 bathrooms. The listing gives the style as bungalow-raised.
Does 391 Tamarack Drive have a garage and parking?
Yes. The listing shows the garage as attached, with room for 1 car. The driveway adds 4 spaces. In total the listing counts 5 parking spaces.
Does 391 Tamarack Drive have a finished basement?
The listing describes the basement as apartment, development potential. It counts 1 bedroom on that level. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 391 Tamarack Drive?
391 Tamarack Drive is a raised bungalow. A raised bungalow has its main floor set about half a level above the ground, so the basement has bigger windows and more light than in a regular bungalow.
How big is 391 Tamarack Drive, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 70.1 x 132.9 ft.
How is 391 Tamarack Drive heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 391 Tamarack Drive?
Property taxes are $3,791 a year (2026), or about $316 a month.
Where is 391 Tamarack Drive?
391 Tamarack Drive is in Waterloo. The nearest main intersection is Austin Drive. The postal code is N2L 4G7.
How long has 391 Tamarack Drive been on the market?
391 Tamarack Drive was listed on September 11, 2026. It has been on the market for 31 days. It is an active listing (MLS® X13772182). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 391 Tamarack Drive asking?
Similar bungalow-style homes for sale nearby right now include 560 Glen Forrest Boulevard at $691,500 (3+3 bed), 309 TOLL GATE Boulevard at $675,000 (3 bed) and 410 Lakeview Drive at $749,999 (3+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 391 Tamarack Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 391 Tamarack Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Waterloo, picked by style, size and price.
Raised bungalow$691,500560 Glen Forrest Boulevard, Waterloo3+3 bed · 2 bathCourtesy of: HIGHPOINT HOMES REALTYView home →
Raised bungalow$675,000309 TOLL GATE Boulevard, Waterloo3 bed · 2 bathCourtesy of: ROYAL LEPAGE WOLLE REALTYView home →
Raised bungalow$749,999410 Lakeview Drive, Waterloo3+1 bed · 2 bathCourtesy of: HOMELIFE MAPLE LEAF REALTY LTD.View home →Courtesy of: RE/MAX REAL ESTATE CENTRE INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.