For sale

This one's priced above recent comparable sales, and new this week. Here's everything I've got — ask me anything about it.

Waterloo · Waterloo Region

318 Spruce Street, Unit 1202

Condo Apartment

MLS® #X14111422

Listed for$499,9001 day on market

3 bed 2 bath 1 parking 900-999 sq ft~$526/sq ft

New this week
7 schools within 1 km
Transit stop ~80 m

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Is $499,900 a fair price?

Our read: it’s priced above recent comparable sales — based on 17 sales nearby. Sign in free to see exactly how far above it is, plus the full range comparable homes sold in.

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Measured against 17 recent comparable sales nearby — sign in free to see the range they sold in (boards require a verified email · VOW rules).

Est. all-in monthly~$3,460/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

7 schools within ~1 km · nearest transit stop ~0.08 km

Property information

What condo buyers ask first

Maintenance fee: $743 / month
Fee includes: Heat · Parking
Square footage: 900-999 sq ft
Parking: 1 space · Underground
Locker: Owned
Exposure: East
Balcony: Open
Property tax: $4,685 / yr
Building: 12-storey building · Ensuite laundry

Property summary

Property type: Condo Apartment
Style: 1 Storey/Apt
Approx. age: 6-10 years
Parking: 1 space · Underground
Heating: Forced Air
Air conditioning: Central Air
Basement: None
Kitchens: 1
Exterior: Concrete Block
Property tax: $4,685 / yr
MLS®: X14111422

Room dimensions

Kitchen

Main2.82 × 2.49 m

Bedroom

Main3.53 × 3.1 m

Bathroom3 Pc Bath

—

Bedroom

Main4.93 × 3.05 m

Bathroom4 Pc Bath

—

Primary Bedroom

Main3.81 × 2.9 m

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

Condo Apartment

$309,000

Below recent sales

318 Spruce Street, Unit 215

1 bed · 1 bath·800-899 sq ft·$499/mo fee

Waterloo

Listed 3 days ago · RE/MAX West Realty Inc.

Condo Apartment

$299,000

Below recent sales

62 Balsam Street, Unit B303

1+1 bed · 2 bath·700-799 sq ft·$520/mo fee

Waterloo

Listed 1 day ago · Initia Real Estate

Condo Apartment

$379,999$389,999Price reduced from $389,999

Below recent sales

62 Balsam Street, Unit H204

1 bed · 2 bath·900-999 sq ft·1 parking·$781/mo fee

Waterloo

Listed 46 days ago · eXp Realty

Condo Apartment

$270,000$280,000Price reduced from $280,000

Below recent sales

375 King Street N, Unit 708

2 bed · 1 bath·1000-1199 sq ft·1 parking·$903/mo fee

Waterloo

Listed 25 days ago · RE/MAX Icon Realty

Condo Apartment

$324,900

Below recent sales

375 King Street N, Unit 1105

2 bed · 2 bath·1000-1199 sq ft·1 parking·$1,126/mo fee

Waterloo

Listed 30 days ago · RE/MAX Solid Gold Realty (Ii) Ltd

Listing states: renovated

Condo Apartment

$349,999

Below recent sales

375 King Street N, Unit 802

3 bed · 2 bath·1000-1199 sq ft·1 parking·$1,125/mo fee

Waterloo

Listed 40 days ago · Royal LePage Signature Realty

The numbers that matter

Maintenance fee: $743/mo
Property tax: $4,685/yr
Est. all-in: ~$3,460/mo

Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.

Schools

Schools near this home, closest first by straight-line distance. These are factual locations — AskEmma doesn’t rate or rank schools.

Vanguard High SchoolPrivate · Secondary · ..0.1 km
Waterloo Collegiate InstitutePublic · Secondary · Waterloo Region DSB0.3 km
St David Catholic Secondary SchoolCatholic · Secondary · Waterloo CDSB0.6 km
Vanguard Online AcademyPrivate · Secondary · ..0.8 km
MacGregor Public SchoolPublic · Elementary & Secondary · Waterloo Region DSB0.9 km
Waterloo Independent Secondary SchoolPrivate · Secondary · ..1.0 km

Locations: Open Database of Educational Facilities (ODEF), Statistics Canada v2.1 (2022) · Open Government Licence – Canada. School locations as of 2022 — confirm current catchment and enrolment with the school board. For official provincial results, check EQAO.

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

King / HickoryNearest transit · Bus stop~80 m
WaterlooNearest GO / rail · GO / regional rail~2.6 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — Waterloo

$650KMedian sold

34Median days on market

100.1%Sale-to-list

Median sold price · Waterloo1-yr -8% · 3-yr —

Source: TRREB sold data via Repliers · all property types

Neighbourhood demographics — Waterloo

121,436Population (2021)

36Median age

$94,000Median household income

61.3%Home owners

38.7%Renters

2.5Avg household size

Source: Statistics Canada, 2021 Census

Description & details

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.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by REAL BROKER ONTARIO LTD.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.