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CAONWaterlooLexington District701 University Ave E
701 University Ave E, House other with 6 bedrooms, 5 bathrooms and 15 parking in Waterloo ON | Image 1
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$999,900

701 University Ave E, Waterloo, ON

House

For Sale

$--,---,---
6515
  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 3840 sqft
Garage Yes
Taxes $8,712
Days Active 22
Lot Size 
Approx. Age 1995
Avg. Price Per Sqft $260
MLS® Number 40761501

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Opportunity Awaits with this custom-built home that uniquely combines SIZE, LOCATION, and VERSATILITY. Set on a 0.38-acre lot backing onto protected green space and zoned R4 for future flexibility, it offers a rare blend of privacy, convenience, and potential. Spanning 3, 840 sq. Ft. Above grade with a partially finished walkout basement offering an additional 2, 000+ sq. Ft., the home is ideally suited for multi-generational living, creative reimagining, or investment. The traditional layout was thoughtfully designed for family living, featuring a main-floor office, formal living and dining rooms, large laundry/mudroom. An oversized kitchen with cherry wood Olympia cabinetry flows seamlessly into the family room with a wood-burning fireplace and walkout to a large deck with treed views of Kaufman Flats. Upstairs, the expansive primary suite offers a walk-in closet and ensuite with Jacuzzi tub, complemented by four additional bedrooms and a family-sized 4-piece bath—ensuring room for everyone. The WALKOUT LOWER LEVEL is partially finished and ready to be transformed. With three private entrances, a sixth bedroom, and a full bathroom, this level offers exceptional flexibility for an in-law suite, multi-generational quarters, or an income-generating rental. A unique second double-car attached garage with direct access to the basement further enhances the potential for separate living space or home business use. Car enthusiasts, hobbyists, and entrepreneurs will appreciate the rare dual-garage setup: a traditional double-car garage plus a SECOND DOUBLE-CAR GARAGE/WORKSHOP with its own 100-amp service and a full workshop beneath with 2pc bath—perfect for trades, creative pursuits, or storage of equipment and vehicles. A rare offering in a prime location with no rear neighbors, greenspace views, and direct trail access—all just minutes from transit, schools, shopping, and parks. This property must be experienced in person to fully appreciate the potential!Show Description
MLS® Number40761501
Laundry LevelLaundry Room, Main Level
Central VacNo
FireplaceNo
Acreage0.382
ExteriorBacks on Greenbelt
GarageYes
Approx. Age1995
BasementDevelopment Potential, Separate Entrance, Walk-Out Access, Full, Partially Finished, Sump Pump
DrivewayAttached Garage, Garage Door Opener, Gravel, Inside Entry
Garage Spaces
HeatFireplace-Wood, Forced Air
A/CCentral Air
Heating Fuel

Extras

Dishwasher, Dryer, Freezer, Garage Door Opener, Microwave, Range Hood, Refrigerator, Stove, Washer, Window Coverings

Rooms

Show Details
Kitchen:MainNot available

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