The invention discloses a waterproof material with polymer cement steel-base property, which is mixed by powder and liquid in weight proportion of 1: 0.8 to 1.2; the raw materials of the powder are cement, infiltrating crystallization masterbatch, methylcellulose, peach glue powder, quartz powder, plasticizer and pH-value regulator; the raw materials of liquid are acrylic acid waterproof emulsion, a dispersant, a preservative, an antioxidant, a film forming additive, water, a light calcium and styrene-butadier emulsion. The waterproof material with polymer cement steel-base property is finelybonded with concrete, is high in intensity and long in waterproof property, and is not easy to be etched chemically. Meanwhile, the waterproof material with polymer cement steel-base property has good compatibility when in use, which can be used synchronously with the batch feeder of concrete and cement; the construction base surface is not needed to be leveled and make a protection layer when the waterproof material with polymer cement steel-base property is in use, which is labor-saving and time-saving, and is an environmental-protection waterproof material with no toxic, no smell and no pollution.