- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 900–999sq ft
- Per sq ft
- $526at the range’s middle
- Tax a year
- $4,6852025 tax year
- Built
- 6-10
- Parking
- 1underground
- Days on market
- Members
The brief
About 1202-318 Spruce St
1202-318 Spruce St is a 3-bedroom, 2-bathroom condo in Waterloo, listed for sale at an asking price of $499,900 (MLS® X14111422).
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.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall33/100−$914/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 22 homes with 3 bedrooms for lease in Waterloo right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,685 / 2025
- MLS® number
- X14111422
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 6-10
- Days on market
- Size
- 900-999 sqft
- Listed on
- Parking
- Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 1 Storey/Apt
- Municipality
- Waterloo
Building
- Size
- 900-999 sqft
- Building Age
- 6-10
- Construction
- Concrete Block
Inside
- Bedrooms
- 3
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Main, 1 × 3pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 1
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Roof
- Flat
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
- Condo maint.
- $743
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Br | 3.05 × 4.93 m | — | Main |
| Kitchen | 2.49 × 2.82 m | — | Main |
| Primary | 2.9 × 3.81 m | — | Main |
| Bathroom | — | 4 Pc Bath | — |
| Br | 3.1 × 3.53 m | — | Main |
| Bathroom | — | 3 Pc Bath | — |
Listing history
Buy/sell history for 1202-318 Spruce St, Waterloo, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $499,900 | N/A | For Sale | X14111422 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $99,980
- Total mortgage amount
- $399,920
- Total interest payment
- $284,380
- Total purchase cost
- $784,280
- Mortgage payment
- $2,281/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
52%Monthly carrying cost
$3,414- Rent $2,500
- Shortfall $914
Rental income opens at $2,500, the median asking rent of 22 comparable homes for lease in Waterloo. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,473
- Total land transfer tax
- $6,473
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $2,473
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $499,900
- $1,998
- Ontario total
- $6,473
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m31 test or monitoring holes also recorded.250 m
- 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.500 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 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.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Enova Power Corp.At the address
- 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.40 m
- 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.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Grand River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Condos for sale in Waterloo right now
- For sale now
- 140
- Median asking price
- $393K
- New in 7 days
- 8
- Price cuts
- 22%
Middle half: $324K to $473K
41 in 28 days
31 listings
This home is asking 27% above the median, higher than three quarters of them.
See all homes in WaterlooAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Laurier - Waterloo Park | GRT light rail: ION light rail | 1.3 km |
| University of Waterloo | GRT light rail: ION light rail | 1.4 km |
| Research and Technology | GRT light rail: ION light rail | 1.6 km |
| Waterloo Public Square | GRT light rail: ION light rail | 1.6 km |
| Kitchener GO | GO Transit train: Kitchener | 3.7 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; GRT ION stops map layer from the Region of Waterloo under the Region of Waterloo Open Data Licence, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains information provided by the Regional Municipality of Waterloo under licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Winston Churchill Public SchoolWaterloo Region DSB | Public · grades JK–6 | 1 km | 80%Grade 6 average |
| ÉÉC Mère-Élisabeth-BruyèreConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 1.4 km | 85%Grade 6 average |
| Lincoln Heights Public SchoolWaterloo Region DSB | Public · grades JK–8 | 1.5 km | 66%Grade 6 average |
| St Agnes Catholic Elementary SchoolWaterloo CDSB | Catholic · grades JK–8 | 2 km | 63%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Waterloo Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 300 m | 57%Grade 9 math |
| St David Catholic Secondary SchoolWaterloo CDSB | Catholic · grades 9–12 · French Immersion | 650 m | 67%Grade 9 math |
| Bluevale Collegiate InstituteWaterloo Region DSB | Public · grades 9–12 | 2.1 km | 75%Grade 9 math |
| Kitchener Waterloo Collegiate and Vocational SchoolWaterloo Region DSB | Public · grades 9–12 · French Immersion | 2.9 km | 73%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Waterloo are shown to signed-in members.