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318 Spruce Street Unit 1202

Waterloo, ON N2L 3H6

ActiveFor Sale
3 Beds
2 Baths
900 Sq Ft
Condo

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.

Property Details

StatusActive
Property TypeCondo
Listing TypeFor Sale
Interior Size900 sq ft
Bedrooms3
Bathrooms2
LockerOwned
BalconyOpen
ExposureEast
Maint. Fee$743/mo
Taxes (2025)$4,685
Postal CodeN2L 3H6
Last UpdatedOct 28, 2026 · 11:35 a.m.

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Features & Amenities

  • Balcony
  • Air Conditioning
  • Locker

Buying or selling in Waterloo?

Filipe & Isabel Ferreira and the Team Filipe (RE/MAX Ultimate Realty Inc., Brokerage) represent buyers and sellers here. Local guides and live listings below.

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TRREB MLS® Attribution

MLS® X14111422

Listed by REAL BROKER ONTARIO LTD.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$499,900

asking price

MLS®X14111422
TypeCondo
CityWaterloo
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$2,441

/month · $399,920 mortgage

Down Payment20% — $99,980
Interest Rate5.5%

Amortization

Total Interest

$332,403

Total Cost

$732,323

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

REAL BROKER ONTARIO LTD.