Various kinds of sheets made of PVC are used as a finishing material for building. These used PVC sheets are dumped voluminously as mixture waste. So the development of recycling system of waste PVC sheets was studied in this paper. Fundamental physical property test such as tension, elasticity, etc. and durability tests were carried out on recycled PVC specimens. The influence of waste PVC compound mixing rate on the quality of recycled PVC sheet was confirmed through those tests. Consequently recycled PVC sheet is deemed applicable to use for the waterproofing sheets.