701 University Avenue E Waterloo, Ontario N2K 3V1
$999,900
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—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! (id:63008)
Property Details
| MLS® Number | 40761501 |
| Property Type | Single Family |
| AmenitiesNearBy | Park, Public Transit, Schools, Shopping |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater |
| Features | Backs On Greenbelt, Conservation/green Belt, Crushed Stone Driveway, Sump Pump, Automatic Garage Door Opener |
| ParkingSpaceTotal | 15 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 5 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 6 |
| Appliances | Central Vacuum, Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Stove, Washer, Hood Fan, Window Coverings, Garage Door Opener |
| ArchitecturalStyle | 2 Level |
| BasementDevelopment | Partially Finished |
| BasementType | Full (partially Finished) |
| ConstructedDate | 1995 |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FireplaceFuel | Wood |
| FireplacePresent | Yes |
| FireplaceTotal | 2 |
| FireplaceType | Other - See Remarks |
| FoundationType | Poured Concrete |
| HalfBathTotal | 1 |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 4340 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| Attached Garage |
Land
| AccessType | Road Access, Highway Access |
| Acreage | No |
| FenceType | Partially Fenced |
| LandAmenities | Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 142 Ft |
| SizeFrontage | 168 Ft |
| SizeIrregular | 0.382 |
| SizeTotal | 0.382 Ac|under 1/2 Acre |
| SizeTotalText | 0.382 Ac|under 1/2 Acre |
| ZoningDescription | R4 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | 7'7'' x 11'2'' | ||
| Second Level | Bedroom | 12'0'' x 11'2'' | ||
| Second Level | Bedroom | 11'4'' x 13'0'' | ||
| Second Level | Bedroom | 15'9'' x 13'0'' | ||
| Second Level | Bedroom | 10'6'' x 12'4'' | ||
| Second Level | Full Bathroom | 13'0'' x 11'2'' | ||
| Second Level | Primary Bedroom | 13'0'' x 17'0'' | ||
| Lower Level | Bedroom | 22'1'' x 22'1'' | ||
| Lower Level | 4pc Bathroom | Measurements not available | ||
| Main Level | 2pc Bathroom | Measurements not available | ||
| Main Level | Laundry Room | 22'1'' | ||
| Main Level | Family Room | 22'1'' x 15'4'' | ||
| Main Level | Breakfast | 19'5'' x 11'1'' | ||
| Main Level | Kitchen | 13'5'' x 11'1'' | ||
| Main Level | Dining Room | 11'11'' x 14'1'' | ||
| Main Level | Living Room | 19'8'' x 14'0'' | ||
| Main Level | Office | 13'0'' x 17'0'' | ||
| Main Level | Foyer | Measurements not available |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/28847434/701-university-avenue-e-waterloo
Amy Gerakopulos
Salesperson
155 Frobisher Drive, Unit I-106
Waterloo, Ontario N2V 2E1
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September 11 2025 03:21:11
REALTORS® Association of Hamilton-Burlington
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