The Waterloo Boy Model L is a standard-tread tractor that features a capstan-and-chain steering system and is powered by a two-cylinder kerosene engine from the Waterloo Gasoline Engine Company. The engine is liquid-cooled with a displacement of 333 cubic inches and operates at a rated RPM of 750. This tractor is equipped with a simple 1-speed unsynchronized gear transmission, which provides one forward and one reverse gear. It has a two-wheel drive (2WD) chassis with manual steering. The tires are sized 22x8 inches at the front and 50x10 inches at the rear. Weighing in at 3,000 pounds, the Waterloo Boy Model L is designed for robust utility work, notable for its time for the simplicity and durability of its construction.