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1202 - 318 SPRUCE STREET, Waterloo — listed at $499,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 4.93 x 3.05 meters |
| Kitchen | Main level | 2.82 x 2.49 meters |
| Primary Bedroom | Main level | 3.81 x 2.9 meters |
| Bathroom | Other | — |
| Bedroom | Main level | 3.53 x 3.1 meters |
| Bathroom | Other | — |
What's the parking situation?+
This property includes 1 space — Underground, No Garage.
What do the condo/maintenance fees cover?+
The $743.19/mo fee covers: Heat, Insurance, Parking.
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.
Is 1202 - 318 SPRUCE STREET a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,685, a condo/maintenance fee of $743.19/mo, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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