Versatile Opportunity in Waterloo – Ideal for First-Time Buyers, Multi-Generational Families, or Savvy Investors. Welcome to 603 Mt Anne Drive—an exceptional, fully licensed legal non-conforming duplex nestled in the highly desirable Lakeshore neighbourhood of Waterloo. This move-in ready home offers endless potential for first-time homebuyers seeking mortgage help, multi-generational families needing separate living spaces, or investors looking for a hands-off, income-generating property.
Live in one unit and rent the other, house extended family with privacy, or benefit from strong rental income in one of Ontario’s most stable markets.
The upper unit features 4 spacious bedrooms, 1 full bathroom, and a beautifully updated kitchen. The lower unit offers 3 bedrooms, 1 bathroom, and another modern kitchen—perfect for extended family or tenants. Both units have been well maintained with recent upgrades including a new roof (2023).
Highlights:
• Fully licensed duplex (City of Waterloo)
• 7 total bedrooms, 2 kitchens, 2 full bathrooms
• Two separate entrances – great for privacy or rental setup
• Updated finishes throughout
• Ample parking
• Walkable to University of Waterloo, Wilfrid Laurier, shopping, restaurants, and public transit
Whether you're buying your first home and want help covering the mortgage, need space for family, or want a safe and consistent investment—this property delivers it all. Don’t miss out on this rare chance to own a flexible, turn-key duplex in a high-demand area!
Data was last updated June 3, 2025 at 09:50 PM (UTC)
Area Statistics
Listings on market:
53
Avg list price:
$685,000
Min list price:
$349,900
Max list price:
$2,200,000
Avg days on market:
97
Min days on market:
5
Max days on market:
214
Avg price per sq.ft.:
$490.47
These statistics are generated based on the current listing's property type
and located in
421 - Lakeshore/Parkdale. Average values are
derived using median calculations.