318 Spruce Street
Waterloo (Downtown Waterloo), ON N2L 3H6
Sage II23 storeys, 217 suites, built 2016- 3Bedrooms
- 2Bathrooms
- 1Parking
- 900–999Sq Ft
- $4,685Tax
- $743/moCondo Fee
Estimated Value:$430,873See Free Estimate Report
Sale & Price History for 318 Spruce Street, Waterloo, Downtown Waterloo
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 318 Spruce Street, Waterloo, Downtown Waterloo
Summarized Description
- Turnkey investment with tenants already in place.
- Located near University of Waterloo and Laurier University.
- Features 3 bedrooms and 2 bathrooms.
- Modern kitchen with granite countertops.
- In-suite laundry for tenant convenience.
- Well-known rental area popular with students.
- Close to transit, shopping, and dining options.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,685
- Land Transfer Tax Fee
- $6,473
Condo/Maintenance Fee
- Maintenance Fee
- $743 /month
Included In Maintenance Fee
- Building Insurance Included
- Heat Included
- Parking Included
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- In-Suite Laundry
- Laundry Level
- Main Level
- Interior Extras
- Auto Garage Door Remote
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- Open
Building
- Building Type
- Condo Apartment
- Building Style
- 1 Storey/Apt
- Approx Age
- 6-10
- Condo Corp Number
- 624
Construction
- Exposure
- East
- Exterior Finish
- Concrete Block
- Roof
- Flat
- Special Designation
- Unknown
Inclusions
- Inclusions
- Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Parking & Garages
- Garage Type
- Underground
- Garage Spaces
- 0
- Parking Type
- Exclusive
- Parking Spaces
- 1
- Total Garage And Parking Spaces
- 1
Lockers
- Locker Type
- Owned
- Locker Number
- 40
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 3
- Washrooms
- 2
- Kitchens
- 1
Room sizes
- Kitchen—Main level
- Bedroom—Main level
- Bedroom—Main level
- Bathroom—3 Pc Bath
- Bathroom—4 Pc Bath
- Primary Bedroom—Main level
Washrooms
- 4-piece, Main
- 3-piece, Main
- Municipality
- Waterloo
- Neighbourhood
- Downtown Waterloo
- Main cross streets
- HICKORY ST W
- Zoning
- GR
- Directions
- HICKORY ST W & SPRUCE ST
- MLS® number
- X14111422
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-10-23
- Updated on
- 2026-10-23
- Days on market
- 3 days
- Possession type
- Flexible
- Co-op commission
- 2% plus HST
- Seller
- Listed by
- REAL BROKER ONTARIO LTD.
Home Market Value
Current home valuation for 318 Spruce Street, Waterloo, Downtown Waterloo, Waterloo, ON. Listed for $499,900
HOMEH Estimate
$430,873
Estimated Sales Range
$340,390 - $521,356
HOMEH Estimate for 318 Spruce Street, Waterloo, Downtown Waterloo
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$24,995
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $18,996 | $13,947 | $11,898 | $0 |
=Total mortgage | $493,901 | $463,857 | $436,813 | $399,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,411monthly | $2,265monthly | $2,133monthly | $1,953monthly |
Land Transfer Tax
$6,473
$6,473
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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