318 Spruce Street 602, Waterloo

$415,000
318 Spruce Street 602

$415,000

New
4d
Common Element CondoApartment

318 Spruce Street 602, Waterloo

Total Monthly Obligation $2,857

HausQ Valuation Report
Beds
2
Baths
2
Park
0
Sqft
900-999
DOM
4d
Score
25
Yield
8.5%
Cash on Cash
3.2%
Cap Rate
5.3%
5Y IRR
18.1%
10Y IRR
16.7%
Property Type-Common Element Condo
MLS® Number-X14092992
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Common Element Condo
Age-11-15
Taxes-$4,726.46 (2025)
Maintenance-$588.67/mo
Locker-None
Parking-Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-ROYAL LEPAGE SIGNATURE CONNECT.CA REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Title-Residential Condo & Other

No agent assigned

Looking for the perfect condo in the heart of Waterloo? Look no further! Unit 602 at 318 Spruce St. gives you EVERYTHING and more! Like to cook? This amazing kitchen offers ample counterspace, full size appliances and TONS of storage. Don't feel boxed into a condo again, there is an abundance of natural light that floods into the unit from all sides! Both bedrooms are well designated with large closets and room for a large desk. Feel like a condo can get stuffy? The open balcony with unobstructed views gives you a chance to step into some fresh air after along day of work or study. The floor plan is perfect for young professionals, students, and investors alike. Sitting in the desirable residential cove near the University of Waterloo and Laurier University, 318 Spruce St. is easily accessible to shopping, schools, restaurants and all essentials and amenities that the city has to offer. Don't miss this amazing unit at an incredible price!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$332,000
Land Transfer Taxes$4,775
Legal Fees (Est.)
$
Total cash required for closing$89,275

Total Monthly Obligation

$2,857/mo
Mortgage $1,674
Monthly Loss $2,416
Principal$441
Interest$1,233
Property Tax$394
Condo Fees$589
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-2.8%4
5-Year IRR
13.8%63
10-Year IRR
13.8%
Returns Index
32.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$35,304/yr
NOI
$17,583/yr
Net Cash Flow
-$209/mo
Cash Margin
-7.1%1
Cash Flow Index
1.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8818
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
31.0/ 100

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

Comparables

Properties near 318 Spruce Street 602

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.

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Data last updated within the past 24 hours.