701 University Ave E, Waterloo, N2K 3V1

Home Overview

Description

Opportunity Awaits with this custom-built home that combines SIZE, LOCATION, and VERSATILITY. Nestled on a 0.38-acre lot backing onto protected greenspace and zoned R4 for future flexibility, it offers a rare balance of privacy, convenience, and potential. With 3,840 sq. ft. above grade and a partially finished WALKOUT BASEMENT adding 2,000+ sq. ft., the property is ideal for multi-generational living, creative reimagining, or investment. The traditional layout was designed for family living with a main-floor office, formal living and dining rooms, and a large laundry/mudroom. The oversized kitchen with cherry wood cabinetry flows seamlessly into the family room, complete with a wood-burning fireplace and sliding doors to a deck overlooking Kaufman Flats. Upstairs, the expansive primary suite features a walk-in closet and ensuite with jacuzzi tub, while four (4) additional bedrooms and a family sized bathroom ensure ample space for everyone. The walkout lower level, with three (3) private entrances, includes a sixth bedroom and full bathroom-perfect for an in-law suite, separate rental, or home business. The unique DUAL-GARAGE setup enhances the versatility: a traditional double-car garage plus a SECOND DOUBLE-CAR GARAGE/WORKSHOP with 100-amp service and a full workshop beneath, ideal for trades, car enthusiasts, or entrepreneurs. This is a rare offering in a prime location with no rear neighbours, greenspace views, and direct trail access-all just minutes from transit, schools, shopping and parks. A home with incredible potential, waiting for its next vision! **INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**

13 days

On Market

Detached

Property Type

$8,712 / Year

Est. Taxes

2-Storey

Style

Attached

Garage

Development Potential

Basement