318 Spruce Street 215, Waterloo

$309,000
318 Spruce Street 215

$309,000

New
2d
Condo ApartmentApartment

318 Spruce Street 215, Waterloo

Total Monthly Obligation $2,294

Beds
1
Baths
1
Park
0
Sqft
800-899
DOM
2d
Score
24
Yield
8.8%
Cash on Cash
2.3%
Cap Rate
5.1%
5Y IRR
17.4%
10Y IRR
16.1%
Property Type-Condo Apartment
MLS® Number-X14102456
Beds-1
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,182.2 (2026)
Maintenance-$498.58/mo
Locker-None
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX WEST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete, Brick
Possession-Immediate
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and spacious 807 sq. ft. one bedroom plus den condo ideally situated just a 5-minute walk to Wilfrid Laurier University and Conestoga College, and only a 5-minute drive to the University of Waterloo. This is an exceptional opportunity whether you are an investor looking for a high-demand rental property, a student, or a young professional. Boasting carpet-free laminate floors and expansive windows that flood the space with natural light, this functional layout features a modern kitchen with stainless steel appliances, complemented by a 4-piece bathroom and in-suite laundry. Residents can also enjoy fantastic building amenities, including a gym, bike storage, a party room and visitor parking. Ready for immediate move-in or rental with TV and furniture included. Within easy walking distance to public transit, shopping, restaurants, and everyday essentials, this condo offers comfortable and convenient living in a prime Waterloo location!

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$247,200
Land Transfer Taxes$3,110
Legal Fees (Est.)
$
Total cash required for closing$66,410

Total Monthly Obligation

$2,294/mo
Mortgage $1,246
Monthly Loss $1,966
Principal$328
Interest$918
Property Tax$349
Condo Fees$499
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.4%3
5-Year IRR
12.6%54
10-Year IRR
13.0%
Returns Index
27.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$27,300/yr
NOI
$12,005/yr
Net Cash Flow
-$246/mo
Cash Margin
-10.8%1
Cash Flow Index
0.6/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo72
Risk Index
34.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 318 Spruce Street 215

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.