DetachedOn market 46 days

391 Tamarack Dr, Waterloo

Name: 391 Tamarack Drive
SKU: X13772182
Price: 699900 CAD
Availability: InStock

Waterloo, ON · · MLS® X13772182Updated September 29, 2026

$699,900Est. $3,438/mo mortgage

Bedrooms: 3
Bathrooms: 2
Living space: 700–1100sq ft
Parking spaces: 5

Type Detached
Lot 50 acres
Garage Yes
Basement Apartment, Development Potential

What you should know

391 Tamarack Dr is a 3-bedroom, 2-bathroom detached home in Waterloo, listed for $699,900. It has 700-1100 sq ft of living space.

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.
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.

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3 Bed, 2 Bath Detached Home in Waterloo

About 391 Tamarack Drive

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.

3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,000 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 391 Tamarack Dr

Every detail from the listing, in one place.

Type: Detached
Style: Bungalow-Raised
Living space: 700-1100 sq ftas stated on the listing
Parking: 5 spacesYes garage
Basement: Apartment, Development Potential

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 5

Interior

Basement: Apartment · Development Potential

Lot & land

Lot size (sqft): 7739

Listing & possession

Property style: Bungalow-Raised
Property class: Detached

391 Tamarack Dr Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Sep 11, 2026For saleListedThis listingMLS® X13772182$699,900

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 391 Tamarack Dr Compares to the Waterloo Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 723 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Waterloo market, last 90 days

Median sold price: $685,500
Average sold price: $751,372
Average days on market: 32
Homes sold: 434

Closed sales on the TRREB MLS®.

Full Waterloo market report

Recently sold nearby in Waterloo

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home391 Tamarack Drive 3 bd · 2 ba · 700 sqft	$699,900asking	$1,000	—	—
635 Cedargrove Place 3 bd · 1 ba · 700 sqft
178 Laurentian Drive 3 bd · 2 ba · 2,000 sqft
559 Springwater Drive 3 bd · 3 ba · 1,100 sqft
210 Dawson Street 3 bd · 2 ba · 700 sqft
121 Belmont Avenue 4 bd · 2 ba · 1,500 sqft
765 Angler Way 3 bd · 2 ba · 1,100 sqft

635 Cedargrove Place
3 bd · 1 ba · 700 sqft
178 Laurentian Drive
3 bd · 2 ba · 2,000 sqft
559 Springwater Drive
3 bd · 3 ba · 1,100 sqft
210 Dawson Street
3 bd · 2 ba · 700 sqft
121 Belmont Avenue
4 bd · 2 ba · 1,500 sqft
765 Angler Way
3 bd · 2 ba · 1,100 sqft

Living in Waterloo: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

How long is your commute?

From 391 Tamarack Dr. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 391 Tamarack Dr

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $3,438; 20% down · 25 years · 5.5% assumed
Property tax: $385; 0.66% mill rate · ON
Total per month: $3,823; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$3,438

/mo

based on the purchase price of $699,900

Down payment20%

$139,980 cash

Amortization25 yr

$559,920 financed

Rate5.50%

$471,600 total interest

Principal54%$559,920

Interest46%$471,600

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

For homeowners nearby

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Listing brokerage: RE/MAX REAL ESTATE CENTRE INC., BrokerageMLS® X13772182 · Listing data last updated September 29, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. 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. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Sep 10· $1,000/sq ft

Estimated monthly mortgage$3,438/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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