Listed for:Listed Jun 2, 2026
$5,980,000

331 Spruce Street

Waterloo (Beechwood/University), ON N2L 3M6

Multiplex For Sale
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 331 Spruce Street, Waterloo, Beechwood/University

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 331 Spruce Street, Waterloo, Beechwood/University

Summarized Description

  • Plan approved for a 9-storey student residence.
  • 88 bedrooms designed for student accommodation.
  • Located in a prime area near campus.
  • Turnkey operation, income-generating property.
  • Professionally managed for hassle-free investment.
  • Walking distance to university and transit.
  • Rare opportunity for builders and developers.
  • High-potential site in sought-after location.

Plan Approved! Ready For Building Permit! 331 and 329 Spruce, 2 Assembled Lots To Be PurchasedTogether! Approved Plan For A 9-Storey Student Residence Featuring 88 Bedrooms! ExceptionalOpportunity For Builders, Developers And Investor In Prime Location Just Steps From Campus!Currently Income Generating And Professionally Managed! Turnkey Operation For Investors LookingTo Hold And Benefit! Conveniently Located Within Walking distance Of University, Shopping,Public Transit, Employment Centres, Parks And More! Rare Chance To Secure A High-PotentialDevelopment Site In Sought-After Location!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$19,860
Land Transfer Tax Fee
$135,975

Basement Type
Apartment, Walk-Up

Interior Features

Interior Extras
Other
Fireplace/Stove
No
Elevator
No

Exterior Features

Exterior Extras
Porch
Pool
None
Property Features
Public Transit, School

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
67.33 ft
Lot Depth
153.06 ft

Inclusions

Inclusions
Gas Forced Air And Electric Baseboard Heat In Different Areas. Water Heaters Owned. Dishwasher, Washer & Dryer, Stove, Fridge, Included In Each Unit. Second Fridge In Unit 1.

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
8
Total Garage And Parking Spaces
8

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Window Unit(s)
Water
Municipal
Sewers
Sewer

Bedrooms
9 + 1
Washrooms
9
Kitchens
5

Washrooms

  • 3-piece, Main

Municipality
Waterloo
Neighbourhood
Beechwood/University
Main cross streets
King/Columbia
Directions
N/A

MLS® number
X13230398
Data source
Toronto Regional Real Estate Board
Listed on
2026-06-02
Updated on
2026-06-02
Days on market
135 days
Possession date
2026-08-18
Possession type
Flexible
Co-op commission
2.5% + HST
Seller
Listed by
SUTTON GROUP-ADMIRAL REALTY INC.

Home Market Value

Current home valuation for 331 Spruce Street, Waterloo, Beechwood/University, Waterloo, ON. Listed for $5,980,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 331 Spruce Street, Waterloo, Beechwood/University

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

$
Waterloo, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$1,196,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$0$0$0$0
=Total mortgage
$4,784,000$4,485,000$4,186,000$3,887,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$23,358monthly$21,898monthly$20,438monthly$18,978monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$135,975

Total Land Transfer Tax

$135,975

Around this home

6/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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