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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.
City: Waterloo

| Purchase Price | $499,900 |
| Down Payment | $99,980 |
| Mortgage Insurance | $0 |
| Total Mortgage | $399,920 |
| Mortgage Payment | $2,464 |
| Property Taxes | $390 |
| Maintenance Fees | $743 |
| Monthly Payment | $3,598 |
Located at 318 Spruce Street Unit #1202, this Waterloo condo is available for sale. This property was listed for $499,900 on Fri Oct 23 2026. It has 3 bedrooms and 2 bathrooms. Monthly maintenance is $743 per month and taxes are approximately $4,685 annually. The property's amenities include School, Hospital, Public Transit, Rec./Commun.Centre. The property includes the following rooms: . This property comes with 1 parking spots.
MLS#: undefined · $499,900 · 3 bedroom condo in Waterloo