701 University Avenue E, Waterloo ON

About 701 University Avenue E

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:56071). Get more information on 701 University Avenue E

Property Features

Appliances:  Central Vacuum, Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Stove, Washer, Hood Fan, Window Coverings, Garage door opener
Features:  Backs on greenbelt, Conservation/green belt, Crushed stone driveway, Sump Pump, Automatic Garage Door Opener
Rental Equipment:  Water Heater
Fireplace Total:  2
Fireplace:  Wood Other - See remarks
Directions:  University Ave East; between Lexington Road and Woolwich Street
Zoning Description:  R4
Interior Size:  4340 sqft
Fence:  Partially fenced
Community Features:  Community Centre
Access:  Road access, Highway access
Lot:  0.382 ac|under 1/2 acre 0.382
Exterior Finish:  Brick
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   / Central air conditioning
Age:  1995
Foundation: Poured Concrete
Constructed Date:  1995
Basement:  Full (Partially finished) Partially finished

Rooms & Sizes

4pc Bathroom Second level 7 7 x 11 2	Bedroom Second level 12 0 x 11 2	Bedroom Second level 11 4 x 13 0
Bedroom Second level 15 9 x 13 0	Bedroom Second level 10 6 x 12 4	Full bathroom Second level 13 0 x 11 2
Primary Bedroom Second level 13 0 x 17 0	Bedroom Lower level 22 1 x 22 1	4pc Bathroom Lower level Measurements not available
2pc Bathroom Main level Measurements not available	Laundry room Main level 22 1	Family room Main level 22 1 x 15 4
Breakfast Main level 19 5 x 11 1	Kitchen Main level 13 5 x 11 1	Dining room Main level 11 11 x 14 1
Living room Main level 19 8 x 14 0	Office Main level 13 0 x 17 0	Foyer Main level Measurements not available