| CAC Included | |
| Common Elements Included | |
| Condo Taxes Included | |
| Heat Included | |
| Building Insurance Included |































312 - 321 Spruce Street
, Waterloo
$265,000
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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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 500-599 sq. ft. |
| Maintenance Fees | $705 |
| Locker | None |
| Balcony | None |
| Exposure | West |
| Parking Type | None |
| Parking Spaces | 0 |
| Parking Features | None |
| Property Tax | $3,414 |
| mls© Number | X13062008 |
| Listed By | HOMELIFE LANDMARK REALTY INC. |
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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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