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For saleMLS® X13574980

318 Spruce Street 102, Waterloo, ON N2L 0E9

$899,000

$493 / sq ft

3 months on market

Total area
1,824 sf
0

What's special

  • Underground parking
  • Yes

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About this property

Exceptional opportunity to own a prime commercial condominium together with a well-established convenience and vape business in the heart of Waterloo's thriving university district. Whether you're an investor seeking stable rental income or an owner-operator looking to run your own business, this property offers outstanding flexibility and long-term growth potential. Located on the ground floor of Sage 2 Condos, this premium retail unit is just steps from the University of Waterloo and Wilfrid Laurier University. Surrounded by thousands of students and residents, the area has a limited supply of retail space, creating exceptional demand and consistent pedestrian traffic. This attractive 1,824 sq. ft. commercial unit features 15-foot clear ceilings with no interior support columns, providing a bright, open layout with excellent visibility and direct street exposure. The property also includes one underground parking space, one storage locker, a kitchen, and a private washroom, making it suitable for a wide range of retail, food service, medical, professional, or office uses.The owner currently operates a successful convenience store and vape shop, and a liquor licence is available. The purchaser has the flexibility to continue operating the existing business or take vacant possession and establish a new business concept.

Property details

Property

Property type
retail
Interior size
1,824 sq ft
Zoning
Commercial
Possession
tba

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Garage
Underground

Costs

List price
$899,000
Property taxes
$19,000 / year (2025)
Price per sq ft
$493

Listing

MLS® number
X13574980
Status
For sale
Listed
July 17, 2026
Days on market
111
Last updated
July 17, 2026
Listing brokerage
AIMHOME REALTY INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 50% of comparable retail listings in Waterloo are asking less.

$353KMedian $794K$5.00M
This home
$493 / sq ft
Comparable median
$524 / sq ft

Based on 10 comparable active retail listings in Waterloo. These are asking prices, not sale prices.

Mortgage estimate

Down payment7.2% · minimum $64,900
$64,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$4,611.88
Property tax (est.)
$1,583.33
Estimated monthly
$6,195

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$14,455
Total due on closing
$14,455

An estimate on the asking price of $899,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of AIMHOME REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$899,000

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