The invention discloses a polymer emulsion building waterproof coating and a preparation method thereof. The polymer emulsion building waterproof paint comprises: styrene-acrylic emulsion, dispersant, defoamer, water, flocculant, thickener, drying accelerator, powder, and preservative. The present invention utilizes the low glass transition temperature emulsion, and the polymer emulsion architectural waterproof coating prepared in combination with flocculants and drying accelerators solves the problem that such products cannot be constructed at low temperatures, and reduces the ambient temperature that can be constructed from the current 6°C to 1°C. °C; The polymer emulsion architectural waterproof coating of the present invention does not need to add film-forming agents and plasticizers, and the finally formed waterproof film has stable and long-lasting properties, and there will be no film-forming late stage caused by volatilization and migration of film-forming aids and plasticizers. The problem of performance degradation of the waterproof membrane; the invention is simple to manufacture, low in cost, environmentally friendly and pollution-free, can be mass-produced and applied, and has practicability.