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Price Change$275,000

312 - 321 Spruce Street

, Waterloo

$265,000

Condo Apartment |
1 + 1 | 1 | 0 | 0
About this home

Excellent Investment Opportunity. 1+1 Corner Condo Unit Located In The Center Of University Town In Waterloo. Steps Away from Wilfred Laurier University, University Of Waterloo And Conestoga College. The unit features a well-designed layout, quartz countertops, premium laminate flooring throughout, in-suite laundry, and comes with furniture (sold as-is). The bright den includes two windows and can serve as a second bedroom. A weekly cleaning service costing $126.72 per month makes the unit easier to rent out and generates higher rental returns. The building offers excellent amenities, including a gym, shuttle service, keyless entry system, guest suites, a rooftop terrace, and more. The current tenant will move out on May 31, 2026. The seller is highly motivated - don't miss out on this prime opportunity!

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$705
LockerNone
BalconyNone
ExposureWest
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$3,414
mls© NumberX13062008
Listed ByHOMELIFE LANDMARK REALTY INC.
CAC Included
Common Elements Included
Condo Taxes Included
Heat Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,356
Property tax
$284
Heat allowance
$150
Condo fees, half counted
$352
Housing costs
$2,143 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $53,000
25-yr amortization

Income needed

$66,000

gross annual household income

Payment at 4%
$1,115 / mo
Cash down
$53,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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