The invention relates to a cold-construction non-curable rubber modified asphalt coating for waterproofing and a preparation method thereof, and belongs to the technical field of chemical engineering.The coating composition is prepared from the following raw materials in parts by mass: 20-40 parts of asphalt, 10-15 parts of thermoplastic rubber, 15-30 parts of a solvent, 8-12 parts of softening oil, 1-2.5 parts of a viscosity regulator, 8-10 parts of phosphated nano silicon oxide, 3-6 parts of 2,2,4-trimethyl-1,3-pentanediol monoisobutyrate, 15-30 parts of calcium carbonate powder and 1-3 parts of mineral fibers. According to the invention, the softening oil, the phosphated nano silicon oxide and the 2,2,4-trimethyl-1,3-pentanediol monoisobutyrate are added into the waterproof coating tomodify the waterproof coating, so that viscosity of the coating is reduced, the flowing property of the coating is improved, the coating can be sprayed under a relatively low-temperature condition of60 DEG C or below, and high energy consumption and high pollution caused by high-temperature spraying are avoided. The coating can be widely applied to waterproofing, dampproofing and seepage proofingof important projects such as high-speed rails, subways, high ways, airports, underground pipe galleries, bridges, tunnels and the like.