Sludge from water treatment plants (WTPs) is usually processed by physicochemical clarification followed by thickening, which results in the production of an effluent from dewatering/drying sludge processes that can potentially impact the environment. This paper assessed the viability of employing sludge dewatering water from a water treatment sludge plant (WTSP) in São Paulo State, Brazil, for reuse purposes. Water quality variables were monitored in the effluent and receiving stream. The data were analyzed by paired samples Student t-test (parametric significance test), paired samples Wilcoxon signed rank test (non-parametric significance test), and principal component analysis (multivariate analysis). Despite the distribution of data, typically not Gaussian, both Student and Wilcoxon methods agreed in 9 out of 10 studied parameters regarding the influence of WTSP discharge on waterbody; only for total manganese the Wilcoxon approach provided better fit than Student. Principal component analysis helped to evince correlations among all variables. Results provided useful information for understanding the vocation of WTSP effluent for reuse. For direct non-potable reuse, recirculating the final effluent back to the WTP for two months saved 92,000 m3 of water, the volume of drinking water demanded by the city (n = 292,000 inhabitants) in approximately 30h.