318 Spruce Street 1405, Waterloo

$499,900
318 Spruce Street 1405

$499,900

New
21d
Common Element CondoApartment

318 Spruce Street 1405, Waterloo

Total Monthly Obligation $3,323

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
21d
Score
19
Yield
6.9%
Cash on Cash
-3.3%
Cap Rate
3.9%
5Y IRR
13.0%
10Y IRR
12.5%
Property Type-Common Element Condo
MLS® Number-X13856400
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Common Element Condo
Taxes-$4,670.09 (2025)
Maintenance-$716.97/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-KING REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Brick Front, Concrete
Possession-Flexible
Title-Residential Condo & Other

No agent assigned

Bright, Freshly painted High Roof Suite In Sage2! 2 Large Bedroom, 2 Full Bathrooms , Balcony And Private Laundry ,11 Ft. Soaring Ceilings. Just Steps To Wilfred Laurie & University Of Waterloo. For Parents Looking For A Place To Keep Your Kids Safe While Studying, Luxurious Residential Destination. This Unit Features, Stainless Steel Appliances, Granite, 3500 plus sq feet i.

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$3,323/mo
Mortgage $2,016
Monthly Loss $2,792
Principal$531
Interest$1,486
Property Tax$389
Condo Fees$717
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%19
Cash-on-Cash
-8.4%1
5-Year IRR
9.3%31
10-Year IRR
10.3%
Returns Index
16.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$34,284/yr
NOI
$15,182/yr
Net Cash Flow
-$751/mo
Cash Margin
-26.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.5/ 100

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

Comparables

Properties near 318 Spruce Street 1405

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.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.