1202 - 318 Spruce Street, Waterloo, ON N2L 3H6
Waterloo · Near HICKORY ST W · View map
About this home
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 home
- Type
- Condo apartment
- Style
- 1 Storey/Apt
- Square footage
- 900-999 sq ft
- Bedrooms
- 3
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 1
- Basement
- None
- Faces
- East
- Level
- 12
- Balcony
- Open
- Laundry
- In-Suite Laundry
- Approximate age
- 6-10 years
Ownership & fees
- Ownership
- Condominium
- Maintenance fee
- $743.19/mo
- Fee includes
- Building Insurance, Heat, Parking
- Complex
- WASCC 624
- Property management
- Wilson Blanchard
- Pets
- Allowed, with restrictions
- Locker
- Owned
- Exterior
- Concrete Block
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Underground
- Total parking
- 1
- Parking features
- Private
Taxes & other
- Property taxes
- $4,685/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- HICKORY ST W
More
- Price per sq ft
- ~$526 (at 950 sq ft)
- MLS® number
- X14111422
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The home and its surroundings
- Auto Garage Door Remote
- School
- Hospital
- Public Transit
- Rec./Commun.Centre
Included in the maintenance fee
- Building Insurance
- Heat
- Parking
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
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Your commute
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Listing history for 318 Spruce Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 1202 - 318 Spruce Street
Answers come straight from this home’s MLS® listing.
How much is 1202 - 318 Spruce Street listed for, and what would it cost each month?
1202 - 318 Spruce Street is listed for $499,900. With 20% down ($99,980), the mortgage payment would be roughly $2,016 a month at 4.5% over 30 years. Add property tax and the maintenance fee and the estimate comes to about $3,150 a month, all in. That figure is an illustration, not a quote.
Is 1202 - 318 Spruce Street freehold or a condo, and is there a monthly fee?
1202 - 318 Spruce Street is a condo apartment in Waterloo. Ownership is condominium: you own the unit and a condo corporation looks after the common elements. The maintenance fee is $743.19 a month. The listing says it covers building insurance, heat, parking. Fees can change, so confirm the current amount in the status certificate.
How many bedrooms and bathrooms does 1202 - 318 Spruce Street have?
1202 - 318 Spruce Street has 3 bedrooms and 2 bathrooms. The listing gives the style as 1 storey/apt.
Does 1202 - 318 Spruce Street have a garage and parking?
Yes. The listing shows the garage as underground. In total the listing counts 1 parking space.
Does 1202 - 318 Spruce Street have a finished basement?
No. The listing shows no basement for this home.
What style of home is 1202 - 318 Spruce Street?
1202 - 318 Spruce Street is a condo apartment. A condo apartment is a unit in a multi-storey building, owned outright, with a monthly fee for the shared parts of the building.
How big is 1202 - 318 Spruce Street?
The listing puts the home between 900 and 999 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 1202 - 318 Spruce Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 1202 - 318 Spruce Street?
Property taxes are $4,685 a year (2025), or about $390 a month.
Are pets allowed at 1202 - 318 Spruce Street?
Pets are allowed, with restrictions. A condo corporation can limit the size, number or type of pet, so check the condo corporation’s rules before you offer.
Where is 1202 - 318 Spruce Street?
1202 - 318 Spruce Street is in Waterloo. The nearest main intersection is HICKORY ST W. The postal code is N2L 3H6.
Is 1202 - 318 Spruce Street still for sale?
Yes. It is an active listing (MLS® X14111422). Listings here update from the board through the day and come down once a home sells.
What are similar condos near 1202 - 318 Spruce Street asking?
Similar condos for sale nearby right now include 2 - 318 Spruce Street at $510,000 (3 bed), 1405 - 318 Spruce Street at $499,900 (2 bed) and 602 - 318 Spruce Street at $415,000 (2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 318 Spruce Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 1202 - 318 Spruce Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar condos nearby
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax and the maintenance fee. For illustration only.