Bamboo waste, a type of solid waste, is often thrown away ignorantly as non-usable hard waste or for combustion, whereas still it could be a good source of raw materials for structural composites. The purpose of this research is to extract and characterize the strips of internodes (only) and strips along with nodes of bamboo waste from composite perspective in order to seek their suitability for prospective composite applications. Strips of bamboo waste were collected from bamboo mats, and their morphological structure, mechanical properties (tensile strength, compression, flexural, and impact testing) and thermal properties were observed. It is found that three of the mechanical properties such as, tensile, compression, impact test results as well as thermal properties of strips bamboo waste are comparable to virgin materials and far better than many other bio fibers like, alifa, coir, feather, pineapple etc. Resembling the fresh material, the node portion is somewhat inferior to internode because of structural variations. The characterized properties also reveal that the waste bamboo can be used as a potential reinforcement material for some composite applications.