483 Ephraim St, Waterloo, Ontario N2B 2C5

OPEN HOUSE - Sat Mar 14 & Sun Mar 15, 2-4. Welcome to 483 Ephraim Street - Where Pride of Ownership Meets Fabulous Opportunity! Located in the highly desirable & mature neighbourhood of Rosemount, this freshly painted family home sits on a surprisingly spacious lot & offers incredible potential for both homeowners & investors. Already set up with key features for future duplex consideration, you can practically smell the return on your investment! A separate, 200-amp electrical service with two separate panels & two sets of laundry make this home ideally suited for creating a secondary unit or accommodating multigenerational living. The main floor family room/mudroom addition, featuring cozy in-floor heating, provides exceptional functional space. The main level also includes a bright kitchen, convenient 3-piece bath & welcoming living room highlighted by a picturesque bay window that fills the space with natural light. Upstairs, you'll find 3 comfortable bedrooms & an additional 3-piece bathroom, offering plenty of space for family living. The fully refreshed basement (2026) provides a generous area, fully ready for duplexing, or perfect as a recreation/games room for movie nights or children's play area. The large lot could accommodate your own ADU (additional dwelling unit) and has a covered patio, shed & ample space for gardens, entertaining or outdoor activities. Recent updates provide peace of mind & modern convenience including: Driveway (2016), Roof (2019), Furnace (2020), Skylight (2019), Bath Fitter bathroom update (2019), Main floor bathroom updated (2025), family room flooring (2025), Plumbing (2025), New carpet (2024), Separate basement entrance (2025). Location is ideal, with plenty of shopping, restaurants, public transit options & quick and easy access to Highway 7/8 making this home perfect for commuters. Whether you're looking for a wonderful family home with room to grow or an investment opportunity with built-in potential, this home has it all!

Inclusions: 2 washers, 2 dryers, fridge, stove, dishwasher, central vac rough-in