Year Built
2016
High-Rise Condo
Sage II
by IN8 Developments
318 Spruce Street, Waterloo, ON N2L 3M7
Total Units
217
Avg $/sqft
$476
Storeys
23
Available Units in Sage II
2
Units for sale
From $499,900
1
Unit for rent
From $1,800/mo
Live MLS · Updated daily
Overview
318 Spruce Street is a great choice for those seeking a Downtown Waterloo condo for sale. This condo is 23 storeys tall and is home to 217 units. The complex was completed in 2016, and features Waterloo condo that range in size from 451 square feet to 1299 square feet.
Maintenance fees are $0.66 per-square-foot, which is higher than the neighbourhood average of $0.58 per-square-foot.
Developer
IN8 Developments
Year Built
2016
Property Type
High-Rise Condo
Storeys
23
Total Units
217
Management
Wilson Blanchard Property Management
Amenities
Underground Parking
Fitness Centre
Rooftop Garden
Party Room
Price History
77 recordsLoading history…
Market Stats
Prices in Sage II are down 20.1% compared to last year.
$476
Avg $/sqft
-20.1%
YoY change
54
Avg days on market
Location & Walkability
Walk Score
—/100
Daily errands on foot
Transit Score
—/100
TTC, GO, subway access
Bike Score
—/100
Bike lanes & infrastructure
Neighbourhood in Waterloo
Downtown Waterloo
vibrant community-oriented active urban
Downtown Waterloo is a vibrant neighbourhood with a mix of residential and commercial spaces. It offers a lively atmosphere with many amenities and services.
Close to schools and parks Diverse dining options available High percentage of renters Good public transit access Community events throughout the year
At a glance
Day to dayLivability
6.2
Schools near listings
out of 10 · averaged over 346 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$443,950
23% below Waterloo 38% below Ontario
In Downtown Waterloo
$443,950
In Waterloo
$579,900
In Ontario
$717,000
Median monthly rent
$1,925/mo
12% below Waterloo 23% below Ontario
In Downtown Waterloo
$1,925
In Waterloo
$2,200
In Ontario
$2,500
≈ 19.2 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
56
Median $443,950
Condos 55 · Houses 1
For rent
26
Median $1,925
Recently sold
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Recently leased
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Market data as of 2026-10-10. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Affordable housing compared to city median
- Strong community feel with many amenities
- Good schools and educational facilities
- Walkable area with local shops and cafes
Keep in mind
- Higher renter percentage may lead to competition
- Some areas may feel crowded
The feel of the placeLifestyle
Daily life in Downtown Waterloo is active and social, with plenty of opportunities for dining and recreation. Residents enjoy a mix of urban living and community engagement.
Great for young professionals students first-time buyers
Within the boundaryWhat's nearby
The boundary
12.4 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
41
Parks
34
Playgrounds
4
Transit stations
13
Grocery stores
115
Restaurants
60
Cafés
15
Gyms
4
Libraries
11
Pharmacies
Counted across all 12.4 km² of Downtown Waterloo. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
6.4/10
Average rating of the 9 rated schools in this area
14
Elementary
7
Secondary
St Agnes Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
8.1/107.3 over 5 yrs299th of 3,045 Ontario elementary schools
595 students · EQAO 2024-2025
St David Catholic Secondary School
Catholic · Grades 9–12 · Waterloo CDSB
8.0/107.5 over 5 yrs86th of 742 Ontario secondary schools
1,080 students · EQAO 2024-2025
ÉÉC Mère-Élisabeth-Bruyère
Independent · French · Grades JK–6 · CSC MonAvenir
6.6/107.0 over 5 yrs1,165th of 3,045 Ontario elementary schools
220 students · EQAO 2024-2025
Our Lady of Lourdes Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
6.5/107.1 over 5 yrs1,231st of 3,045 Ontario elementary schools
385 students · EQAO 2024-2025
Waterloo Collegiate Institute
Public · Grades 9–12 · Waterloo Region DSB
6.2/106.6 over 5 yrs349th of 742 Ontario secondary schools
1,480 students · EQAO 2024-2025
École élémentaire L'Harmonie
Public · French · Grades JK–8 · Conseil scolaire Viamonde
6.2/106.6 over 5 yrs1,444th of 3,045 Ontario elementary schools
290 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Downtown Waterloo, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
36,947
Population (2021)
11.7 km²
Area
3,154
People per km²
36
Median age
$68,527
Median income
33%
Own their home
2.1
People per household
16,935
Households
Every age
- Children (under 15)8.8%
- Working age (15–64)74.9%
- Seniors (65+)16.4%
What is built here
- Detached houses21.4%
- Semi-detached1.7%
- Townhouses5.1%
- Duplexes3%
- Low-rise apartments16.8%
- High-rise apartments52.1%
Own or rent
33%Owners
67%Renters
Across 16,935 households
When it was built
Mostly 1961–1980
- 1960 or earlier17%
- 1961–198023%
- 1981–199012%
- 1991–20008%
- 2001–20055%
- 2006–20105%
- 2011–201511%
- 2016–202120%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 23.2%
- Born outside Canada
- 43.1%
- Hold a degree or higher
- 52.3%
- Employment rate
- 12.6%
- Commute by transit
- 71.7%
- Commute by car
- 1.6
- Children per family
- $61,031
- Median income after tax
- $83,289
- Average household income
- 20.8%
- Living on a low income
- $1,389/mo
- Renters pay, per month
- $1,291/mo
- Owners pay, per month
- $544,928
- Median home value at census
- 41.9%
- Renters spending 30%+ of income on housing
- 26.9%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 41 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry
