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Listed 5 months ago

2 - 318 Spruce Street

, Waterloo

$510,000

Condo Apartment |
3 | 2 | 1 | 1
About this home

Welcome to this bright and versatile condo offering over 900 sq. ft. of well-designed living space in the heart of Waterloo. This unit features 3 bedrooms, including a primary bedroom with its own private ensuite bathroom, plus an additional 3-piece bathroom for added convenience. The original living room has been thoughtfully converted into a third bedroom, providing extra flexibility for families - space can easily be reverted back to a living area if desired. The unit includes a functional kitchen, in-suite laundry, and a comfortable layout. One underground parking space and a storage locker are also included. Residents can enjoy fantastic building amenities, including a gym, entertainment space, and a BBQ area on the fourth floor-perfect for relaxing or hosting guests during the summer months. Located close to universities, transit, and everyday amenities, this property offers excellent value in a highly sought-after area.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size900-999 sq. ft.
Maintenance Fees$730
LockerOwned
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$4,685
mls© NumberX12993362
Listed ByCOMFREE
Water Included
Heat 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%
$2,610
Property tax
$390
Heat allowance
$150
Condo fees, half counted
$365
Housing costs
$3,516 / mo

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

Down payment20% · $102,000
25-yr amortization

Income needed

$108,000

gross annual household income

Payment at 4%
$2,146 / mo
Cash down
$102,000

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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