The invention relates to a vulcanized ethylene-octene copolymer waterproof coiled material and a production method thereof. The vulcanized ethylene-octene copolymer waterproof coiled material comprises a base layer, the base layer takes the ethylene-octene copolymer as a main raw material, and other auxiliary materials comprise fast extruding furnace black, calcium carbonate, ultrafine powdered steatile, polyethylene glycol and an antioxidant. By taking 100 parts of the ethylene-octene copolymer as a reference, the vulcanized ethylene-octene copolymer waterproof coiled material comprises the following components by weight part: 50-110 parts of fast extruding furnace black, 30-70 parts of ultrafine powdered steatile, 5-10 parts of calcium carbonate, 20-60 parts of plasticizer, 2-10 parts of polyethylene glycol, 1-6 parts of dicumyl peroxide, 0.5-2.75 parts of cross-linking agent and 1-3 parts of antioxidant. The ethylene-octene copolymer is crosslinked by dicumyl peroxide, complete crosslinking of the molecular chain of the ethylene-octene copolymer waterproof coiled material can be realized, thermal stability performance of the waterproof coiled material is increased, the relative molecular mass distribution of the ethylene-octene copolymer is narrow, high extrusion capacity is realized, production efficiency is greatly increased, and production cost is effectively reduced.