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 Univ...ersity, 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.
Full Property Details
Interior
Bedrooms
3
Total Bedrooms
3
Washrooms
2
Square Footage
900-999 sqft
Basement
None
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Bedrooms
3
Total Bedrooms
3
Washrooms
2
Square Footage
900-999 sqft
Basement
None
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Exterior
Driveway
Private
Parking Spaces
1
Total Parking Spaces
1.00
Parking Description
Private
Garage Spaces
0
Zoning
GR
Balcony
Open
Driveway
Private
Parking Spaces
1
Total Parking Spaces
1.00
Parking Description
Private
Garage Spaces
0
Zoning
GR
Balcony
Open
Building Description
Style
1 Storey/Apt
Home Type
Condo
Subtype
Condo Apt
Year Built
6-10
Property Orientation
East
Exterior Finish
Concrete Block
Possession Date
No Data
Locker
Owned
Style
1 Storey/Apt
Home Type
Condo
Subtype
Condo Apt
Year Built
6-10
Property Orientation
East
Exterior Finish
Concrete Block
Possession Date
No Data
Locker
Owned
Taxes & Fees
Taxes
$4,685 /yr
Tax Year
2025
Occupancy
Tenant
Maintenance Fee
$743.19/mo
Heating
Included
Parking
Included
Building Insurance
Included
Taxes
$4,685 /yr
Tax Year
2025
Occupancy
Tenant
Maintenance Fee
$743.19/mo
Heating
Included
Parking
Included
Building Insurance
Included
Other
Pets
Yes-with Restrictions
Pets
Yes-with Restrictions
Room Types
Bathroom
3 Pc Bath
Dimensions - feet
0 sqft
Bathroom
4 Pc Bath
Dimensions - feet
0 sqft
Bedroom
-
Dimensions 11.58 x 10.17 feet
117.77 sqft
Bedroom
-
Dimensions 16.17 x 10.01 feet
161.86 sqft
Kitchen
-
Dimensions 9.25 x 8.17 feet
75.57 sqft
Primary Bedroom
-
Dimensions 12.5 x 9.51 feet
118.88 sqft
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