Br (3.05 × 4.93)
Level: Main
1202-318 Spruce St
Waterloo, Ontario N2L 3H6
Description
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X14111422
- Board
- TRREB MLS®
- Days on market
- Tax
- $4,685
- Size
- 900-999 sqft
- Parking
- Underground, 1 Parking
Listing History
Listing activity for 1202-318 Spruce St, Waterloo, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $499,900 | N/A | For Sale | X14111422 |
Property Details
Property
- Property Type
- Condo Apt
- Style
- 1 Storey/Apt
- Municipality
- Waterloo
Inside
- Bedrooms
- 3
- Bathrooms
- 2
- Bathroom Detail
- 1, 4pc, Main
- Bathroom Detail
- 1, 3pc, Main
- Basement Type
- None
- Kitchens
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 900-999 sqft
- Construction
- Concrete Block
Parking
- Garage Type
- Underground
- Add. Parking
- 1
- Total Parking
- 1
Additional
- Year built
- 6-10
- Roof
- Flat
- Fireplace
- N
- Den
- N
- Family room
- N
- Extras
- Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
- Condo maint.
- $743
Rooms (6)
Kitchen (2.49 × 2.82)
Level: Main
Primary (2.9 × 3.81)
Level: Main
Bathroom
4 Pc Bath
Level not provided
Br (3.1 × 3.53)
Level: Main
Bathroom
3 Pc Bath
Level not provided
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
12 records read 5 on record nearby 7 checked, none on recordRead 2026-10-28
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m31 test or monitoring holes also recorded.
- Groundwater recorded about 2.5 m below ground nearbyThe middle water level in the well records within 500 m (191 records). It changes with the season and from spot to spot.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
Province of Ontario open data
Around the home
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is E Craftsmen Corporation — E CRAFTSMEN CORPORATION - WATERLOO, 1.5 km away. Only facilities above the inventory’s reporting thresholds are listed.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Enova Power Corp.
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, CIK Telecom, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Netflash Internet Solutions, Rogers, Waterloo Wireless, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,292
- Down payment$99,980
- Mortgage amount$399,920
- Total interest$287,680
- Total cost$787,580
Cash flow analysis
$2,292
Total monthly payment
$2,682
Break-even down payment
100%
Cash flow-$2,682
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$499,900
$499,900
CAD
Estimate unavailable
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