318 SPRUCE Street Unit# 1102

About this home.

Welcome to Unit 1102 at 318 Spruce Street, Waterloo: a bright and spacious corner suite offering an exceptional blend of comfort, style, and urban convenience in the heart of the highly sought-after University District. This beautifully designed 2-bedroom plus den residence features an incredible private terrace that creates a true penthouse-style living experience, perfect for relaxing, entertaining, or enjoying breathtaking city views. Thoughtfully laid out with functionality and flexibility in mind, this unit offers two generously sized bedrooms along with a large den that can easily serve as a third bedroom, guest space, or dedicated home office. The suite also features two full bathrooms, making it ideal for families, professionals, students, or investors alike. Natural light pours into the open-concept living space through large windows, enhancing the bright and airy atmosphere throughout the home. The modern kitchen is equipped with stainless steel appliances, ample cabinetry, and a large island with breakfast bar seating — perfect for casual dining, meal prep, and entertaining guests. The spacious living room seamlessly connects to the remarkable private terrace, offering a rare outdoor retreat seldom found in condo living. In addition, the unit also features a separate balcony off the living area as well as a private walkout balcony from the primary bedroom, providing multiple outdoor spaces to enjoy fresh air and scenic surroundings. Located just steps from the University of Waterloo, Wilfrid Laurier University, shopping, restaurants, cafes, transit, and everyday amenities, this prime location offers unmatched convenience and strong investment potential. Residents of the building enjoy access to fantastic amenities including a fully equipped fitness center, meeting area, and party room. This stunning corner unit combines space, versatility and rare outdoor living opportunities in one of the most desirable communities. Book your showing Today! (id:59491)

The full record.

How this listing prices against Beechwood/University.

Beechwood/University was highly supplied this period, with 13 sales against 98 active listings, one of the loosest inventory setups in Waterloo. The average sale price was $621,462, well below the city average, homes took 34 days to sell, and deals closed at 94.02% of list, all signs of a softer market overall. Activity split between 5 freeholds and 8 condos, but the overwhelming amount of condo inventory is what defines the neighbourhood right now. This is a market with lots of choice and clear pressure on sellers to price realistically.

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