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For saleMLS® X14111422

318 Spruce Street 1202, Waterloo, ON N2L 3H6

$499,900

+ $743/mo maintenance$555 / sq ft

1 weeks on market

Bedrooms
3
Bathrooms
2
Interior
900 sf
Parking
1
Age
6-10 years

What's special

  • Underground parking
  • Owned locker
  • Balcony
  • East exposure
  • Central air
  • Pets with restrictions
  • Building insurance, Heat, Parking included
  • Auto garage door remote

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About this property

Turnkey investment in Waterloo's University District! Unit 1202 at 318 Spruce Street is a 3-bedroom, 2-bathroom condo with tenants already in place, so a buyer takes over an existing lease rather than starting from a vacant unit. Located steps from the University of Waterloo and Wilfrid Laurier University, this suite sits in a well-known rental area of Kitchener-Waterloo that is popular with students and young professionals. The suite features 3 bedrooms, two full bathrooms, a kitchen with granite countertops and stainless steel appliances, and in-suite laundry. It's a practical layout for a rental, with a bedroom count and in-suite laundry that tenants in this area look for. Close to transit, shopping, restaurants and everything uptown Waterloo has to offer. Whether you're adding to your portfolio or buying your first investment property, this one is worth a look.

Rooms

6 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
BedroomMain4.93 × 3.05 m16.2 × 10.0 ft—
KitchenMain2.82 × 2.49 m9.3 × 8.2 ft—
Primary BedroomMain3.81 × 2.90 m12.5 × 9.5 ft—
BedroomMain3.53 × 3.10 m11.6 × 10.2 ft—
Bathroom—4 Pc Bath
Bathroom—3 Pc Bath

Features

  • Auto Garage Door Remote

Property details

Property

Property type
condo apartment
Bedrooms
3
Bathrooms
2
Interior size
900 sq ft
Year built
6-10
Zoning
GR
Possession
Flexible

Interior

Heating
Forced Air · Gas
Cooling
Central Air
Exposure
East
Balcony
Open

Exterior & services

Construction
Concrete Block
Garage
Underground
Parking spaces
1

Condominium

Corporation
624 WASCC
Property manager
Wilson Blanchard
Locker
Owned
Pets
Yes-with Restrictions
Fee includes
Building Insurance Included, Heat Included, Parking Included

Costs

List price
$499,900
Property taxes
$4,685 / year (2025)
Maintenance fee
$743 / month
Price per sq ft
$555

Listing

MLS® number
X14111422
Status
For sale
Listed
October 23, 2026
Days on market
12
Last updated
October 23, 2026
Listing brokerage
REAL BROKER ONTARIO LTD.

Price & sale history

This property's sale history is hidden

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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 above most comparable listings — about 83% of comparable condo apartment listings in Waterloo are asking less.

$295KMedian $390K$554K
This home
$555 / sq ft
Comparable median
$500 / sq ft

Based on 95 comparable active condo apartment listings in Waterloo. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $24,995
$24,995
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,625.83
Property tax (est.)
$390.42
Maintenance fee
$743.19
Estimated monthly
$3,759

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
$6,473
Total due on closing
$6,473

An estimate on the asking price of $499,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of REAL BROKER ONTARIO LTD.. 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.

$499,900

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