318 Spruce Street 1202
Waterloo, ON N2L 3H6
Listing brokerage: REAL BROKER ONTARIO LTD.
Asking price
$499,900
Key facts
- Condo aptProperty type
- 3Bedrooms
- 2Bathrooms
- 1 spaceParking
- 950 sq ftLiving space
- Oct 23, 2026Listed
- 17 daysOn market
- X14111422MLS® number
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.
Price history
- Listed$499,900
Location
318 Spruce Street 1202, Waterloo
Schools & transit
School locations and boards shown from open data. We do not publish rankings; any future scores will be sourced, dated and shown factually.
Nearby schools
- Waterloo Collegiate InstituteWaterloo Region DSB · Secondary · 284 m in a straight lineBoundary data unavailable for this board — we don't guess catchment lines.
- St David Catholic Secondary SchoolWaterloo CDSB · Secondary · 633 m in a straight lineBoundary data unavailable for this board — we don't guess catchment lines.
- MacGregor Public SchoolWaterloo Region DSB · Elementary · 954 m in a straight lineBoundary data unavailable for this board — we don't guess catchment lines.
Nearby transit
Lines nearby: 17, 25, 30
- Wilfrid Laurier UniversityGO Transit · 403 m in a straight line · about 5 min walk (estimate) · 17, 25, 30
- University Ave. E. @ Weber St. N.GO Transit · 482 m in a straight line · about 6 min walk (estimate) · 17, 25, 30
- University of Waterloo TerminalGO Transit · 1.2 km in a straight line · about 15 min walk (estimate) · 17, 25, 30
Sources
- Contains information licensed under the Open Government Licence – Ontario. Source: Ontario Ministry of Education.
- 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.
MLS® #X14111422
Last updated Oct 23, 2026
MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA)/the applicable board and identify the quality of services provided by real estate professionals who are members.
Listing data is provided under licence by the Toronto Regional Real Estate Board and is deemed reliable but not guaranteed accurate.



