1202 - 318 Spruce Street, Waterloo
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. (id:1945)
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Property details for 1202 - 318 Spruce Street, Waterloo
- Type
- Apartment
- Bedrooms
- 3
- Bathrooms
- 2
- Basement
- None
- Parking
- Underground, No Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Concrete Block
- Ownership
- Condo/Strata
- Annual Taxes
- $4,685 (2026)
- Condo Fee
- $743 / Monthly
Nearby Listings Stat
Estimated price and comparable properties near 1202 - 318 Spruce Street
Active Listings
40
Min Price
$299,800
Max Price
$1,279,900
Avg Price
$593,825
Days on Market
42
days
Sold Listings
30
Min Sold Price
$275,000
Max Sold Price
$1,025,000
Avg Sold Price
$634,203
Days until Sold
46
days
Neighbourhood Census Data
Waterloo, Ontario
Population
1,085
Median Age
22
Median Income
$9,456
Housing Tenure
Renters 96%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 3,308.9/km²
Owners with Mortgage: 0%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 70.9%
English only: 92.6%
English and French: 5.5%
Neither: 1.8%
Median Household Income: $22,144
Median Employment Income: $12,480
Price History
Listed
October 23, 2026
by REAL BROKER ONTARIO LTD.
Current Price
$499,900
Type
Apartment
For Sale
Contact Agent Get in touch about 1202 - 318 Spruce Street, Waterloo
JASON O'KEEFE
REAL BROKER ONTARIO LTD.
