Loading…
Property Type: Condo / ApartmentOwnership: Condominium
321 SPRUCE Street Unit# 102
Waterloo, ON N2L0G4
MLS® 40856998
$265,000
2 bed2 bath982 sqftBuilt 2017
Amenities
Gym
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 6
GR
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $1,208/mo
- Annual property tax
- $4,506.23
Interior
- Basement
- Finished, Full
- Heating
- Forced air
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Lower level | — |
| Den | Lower level | 8'7'' x 10'5'' |
| Kitchen | Lower level | 7'11'' x 10'6'' |
| 3pc Bathroom | Main level | — |
| Primary Bedroom | Main level | 7'11'' x 13'1'' |
| Living room | Main level | 11'1'' x 11'3'' |
Description
Exceptional Investment Opportunity - Prime Location Near Top Universities! Just steps from University of Waterloo, Wilfrid Laurier University, and Conestoga Collage. Offering nearly 1,000 sq. ft. of modern living space over 2 levels, this spacious 1-bedroom suite can easily be converted into a 2-bedroom layout, maximizing your rental income or personal living space. The unit also features a separate entrance, offering added flexibility and privacy. Highlights include: Keyless entry for added security and convenience High-end laminate flooring throughout Weekly housekeeping services available - enjoy the comfort of hotel-style living Vacant and move-in ready - start earning rental income immediately With high income potential and location that's perfect for students and professionals alike, this property is ideal for investors or first-time buyers looking for exceptional value. ?? Location, layout, and lifestyle - this unit has it all. Act fast before it's gone! (id:63159)
Listing Information
- MLS®
- 40856998
- Data last synced
- September 15, 2026
COLDWELL BANKER PETER BENNINGER REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: COLDWELL BANKER PETER BENNINGER REALTY
MLS® Number: 40856998
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 Cornerstone Association of REALTORS®.
Values & Trends
This listing
$270/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$515/sqft
51 active listing(s)
Parking: Not indicatedStorage locker: Not indicated
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
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($13,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$212,000.00
Periodic payment — Principal & Interest (monthly)$1,367.75
Additional monthly expenses (condo fees, tax, utilities, etc.)$1,632.49
Total monthly cost$3,000.24
Interest paid over 5-yr term$60,759.81
Balance at end of term$190,694.69
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$13,250
Stress test qualifying rate8.19%
Payment you must qualify for$1,952.00
Cash Needed at Closing
Minimum down payment$13,250
Estimated Land Transfer Tax (LTT)$2,450
Legal / closing costs (typical estimate)$1,500
Total cash needed$17,200
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.
