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Property Type: Condo / ApartmentOwnership: Condominium
2 - 318 SPRUCE STREET
Waterloo, ON N2L0E9
MLS® X12993362
$510,000
3 bed2 bath1 parking
Amenities
Also listed: Storage - Locker
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $730/mo
- Annual property tax
- $4,685
Maintenance Fee Includes
WaterHeat
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
- Cooling / A/C
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Bedroom 3 | Main level | — |
| Kitchen | Main level | — |
Description
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. (id:63159)
Listing Information
- MLS®
- X12993362
- Data last synced
- September 30, 2026
COMFREE
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: COMFREE
MLS® Number: X12993362
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Ottawa Real Estate Board.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Waterloo average
$476/sqft
185 active listing(s)
Parking: 1 stall(s) includedStorage locker: Included
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
126,356
(2021 Census)
+15.5% since 2016
Density:
Similar Listings Nearby
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Mortgage & Ownership Cost Calculator
Minimum required: 5.1% ($26,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$408,000.00
Periodic payment — Principal & Interest (monthly)$2,632.28
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,120.42
Total monthly cost$3,752.69
Interest paid over 5-yr term$116,933.97
Balance at end of term$366,997.32
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$26,000
Stress test qualifying rate8.19%
Payment you must qualify for$3,752.81
Cash Needed at Closing
Minimum down payment$26,000
Estimated Land Transfer Tax (LTT)$6,675
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,175
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
