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312 - 321 SPRUCE STREET, Waterloo — listed at $235,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Main level | 1.62 x 2.16 meters |
| Kitchen | Main level | 4.3 x 2.5 meters |
| Living room | Main level | 2.52 x 3.53 meters |
| Bedroom | Main level | 2.88 x 3.83 meters |
| Den | Main level | 1.93 x 2.82 meters |
Does it have a basement, and is it finished?+
The listing describes the basement as: None. Confirm the finishing status during a showing — it affects both livable space and resale value.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,413.81, a condo/maintenance fee of $704.83/mo, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Who is 312 - 321 SPRUCE STREET best suited for?+
With 2 bedrooms and 1 bathroom, this is ideal for a couple, a small family, or as a low-maintenance investment property.
Is this a good starter home?+
At $235,000, this is priced in starter-home territory for Waterloo. With multiple bedrooms, it has room to grow into. Factor in condo fees when calculating your true monthly cost.
What's the parking situation?+
This property includes 0 spaces — No Garage.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
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