Welcome to this beautifully renovated, fully licensed legal duplex in the heart of Waterloo's desirable University District. Walking distance to Wilfrid Laurier University, University of Waterloo, and Conestoga College - ideal for investors and student living. The second floor features a modern kitchen with quartz countertops, backsplash, new cabinetry, and stainless-steel appliances, with walk-out to a balcony overlooking a private backyard backing onto St. David Catholic Secondary School field - no rear neighbours. Bright open-concept living/dining and 4 spacious bedrooms. Separate entrance to a fully finished main-floor apartment, perfect for rental in come or extended family. Extensive upgrades include waterproofed basement and rare 200-ampelectrical panel. Updates: Roof, HVAC, gas meter, electrical (2021); garage door(2022); driveway (2024); main floor (2025).City-licensed student rental generating approx. $5, 000/month during school year. Located in an area with future medium-rise development potential. Turnkey, income-generating legal duplex with 2 licensed units in a prime location.