1202 - 318 SPRUCE STREET, Waterloo

$499,900

For sale: Apartment

Apartment at 1202 - 318 SPRUCE STREET, Waterloo
Property type
Condo Apartment
Bedrooms / bathrooms
3 bedrooms, 2 bathrooms
Living area
999 sqft
MLS®
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.

Sold data

Apartment homes in Waterloo — recent sold market

Apartment homes in Waterloo took a median of 36 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 59, across 37 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 81 days.

The median sale price was $417,500.

Homes sold for about 3.0% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 24% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$417,500
Sale-to-list ratio
97.0%
Sold above asking
8%

Based on 37 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Waterloo

Waterloo has 31 Fraser Institute–rated schools (27 elementary and 4 secondary), averaging 6.8/10.

Rated schools
31
Elementary
27
Secondary
4
Average rating
6.8 / 10

Top-rated schools in Waterloo

  • Millen Woods — elementaryFraser rating 8.9/10
  • Sir John A Macdonald — secondaryFraser rating 8.7/10
  • Abraham Erb — elementaryFraser rating 8.6/10
  • Laurelwood — elementaryFraser rating 8.5/10
  • Vista Hills — elementaryFraser rating 8.5/10
  • Mary Johnston — elementaryFraser rating 8.3/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1202 - 318 SPRUCE STREET