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! (id:4069)
Address
701 UNIVERSITY Avenue E
List Price
$999,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
2 Level
Transaction Type
Sale
Area
Ontario
Sub-Area
Waterloo
Bedrooms
6
Bathrooms
5
Floor Area
4,340 Sq. Ft.
Lot Size
0.382 Ac.
Year Built
1995
MLS® Number
40761501
Listing Brokerage
Right at Home Realty
Basement Area
Full (Partially finished)
Postal Code
N2K3V1
Zoning
R4
Site Influences
Park, Public Transit, Schools, Shopping
Features
Backs on greenbelt, Conservation/green belt, Crushed stone driveway, Sump Pump, Automatic Garage Door Opener
