- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900–999sq ft
- Per sq ft
- $437at the range’s middle
- Tax a year
- $4,7262025 tax year
- Built
- 11-15
- Parking
- 0underground
- Days on market
- Members
The brief
About 602-318 Spruce St
602-318 Spruce St is a 2-bedroom, 2-bathroom condo in Waterloo, listed for sale at an asking price of $415,000 (MLS® X14092992).
Looking for the perfect condo in the heart of Waterloo? Look no further! Unit 602 at 318 Spruce St. gives you EVERYTHING and more! Like to cook? This amazing kitchen offers ample counterspace, full size appliances and TONS of storage. Don't feel boxed into a condo again, there is an abundance of natural light that floods into the unit from all sides! Both bedrooms are well designated with large closets and room for a large desk. Feel like a condo can get stuffy? The open balcony with unobstructed views gives you a chance to step into some fresh air after along day of work or study. The floor plan is perfect for young professionals, students, and investors alike. Sitting in the desirable residential cove near the University of Waterloo and Laurier University, 318 Spruce St. is easily accessible to shopping, schools, restaurants and all essentials and amenities that the city has to offer. Don't miss this amazing unit at an incredible price!
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall33/100−$777/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 65 homes with 2 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
- $4,726 / 2025
- MLS® number
- X14092992
- Board
- TRREB MLS®
- Property Type
- Comm Element Condo
- Building Age
- 11-15
- Days on market
- Size
- 900-999 sqft
- Listed on
- Parking
- Underground, 0 Parking
Property details
Property
- Property Type
- Comm Element Condo
- Style
- Apartment
- Municipality
- Waterloo
Building
- Size
- 900-999 sqft
- Building Age
- 11-15
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Main, 1 × 4pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- All furniture, existing light fixtures & window coverings.
- Condo maint.
- $589
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 602-318 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 | $415,000 | N/A | For Sale | X14092992 |
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
- $83,000
- Total mortgage amount
- $332,000
- Total interest payment
- $236,200
- Total purchase cost
- $651,200
- Mortgage payment
- $1,894/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
53%Monthly carrying cost
$2,877- Rent $2,100
- Shortfall $777
Rental income opens at $2,100, the median asking rent of 65 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
- $4,775
- Total land transfer tax
- $4,775
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $775
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 $415,000
- $300
- Ontario total
- $4,775
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 conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m6 test or monitoring holes also recorded.250 m
- Groundwater recorded about 4.9 m below ground nearbyThe middle water level in the well records within 500 m (158 records). It changes with the season and from spot to spot.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 31 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 4.2 km4.2 km
- Mapped parcel: about 1,570 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home2
- Nearest rail line: 320 m320 m
- 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 City of Toronto — Eastern And Booth Blocks, 1.6 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 Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. 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, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
The market
Condos for sale in Waterloo right now
- For sale now
- 8
- Median asking price
- $432K
- New in 7 days
- 0
- Price cuts
- 50%
Middle half: $357K to $512K
2 in 28 days
4 listings
This home is asking 4% below the median.
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 |
|---|---|---|
| Castle Frank Station | TTC subway: Line 2 Bloor-Danforth | 1.2 km |
| Broadview Station | TTC subway: Line 2 Bloor-Danforth | 1.4 km |
| Sherbourne Station | TTC subway: Line 2 Bloor-Danforth | 1.5 km |
| Chester Station | TTC subway: Line 2 Bloor-Danforth | 1.6 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 2.6 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. 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.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Sprucecourt Junior Public SchoolToronto DSB | Public · grades JK–8 | 250 m | 58%Grade 6 average |
| Lord Dufferin Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 | 700 m | 62%Grade 6 average |
| St Paul Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1 km | 72%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.3 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| St Martin Catholic School (St.Martin)Toronto CDSB | Catholic · grades 9–12 | 400 m | — |
| Eastdale Collegiate InstituteToronto DSB | Public · grades 9–12 | 1 km | — |
| Rosedale Heights School of the ArtsToronto DSB | Public · grades 9–12 | 1.1 km | 66%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 1.3 km | 86%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.