The invention discloses water-based non-cured rubber asphalt waterproof paint, and relates to the field of waterproof paint. The water-based non-cured rubber asphalt waterproof paint comprises the following components by weight: 2-12 parts of engine oil, 2-20 parts of aromatic oil, 3-7 parts of naphthenic oil, 1-5 parts of SBR, 1-3 parts of SBS, 25-40 parts of asphalt, 1-6 parts of tackifying resin, 0.5-2 parts of a plasticizer, 2-4 parts of an asphalt emulsifier, 30-40 parts of water, 3-10 parts of filler, 0.1-0.5 part of a dispersion agent, 5-25 parts of latex and 1-10 parts of tackifying emulsions. According to the technical scheme, when the water-based non-cured rubber asphalt waterproof paint is adopted for construction, heating is not needed, instantaneous forming is achieved, construction can be conducted on a wet substrate, and the water-based non-cured rubber asphalt waterproof paint has very excellent adhesive strength and self-healing performance, is energy-saving and environmentally friendly, and can improve the comprehensive waterproof quality of a building and can shorten a construction period; and a material has an excellent creep property and excellent stripping quality, adhesion and heat resistance.