318 SPRUCE Street Unit# 1505

About this home.

2 BEDROOMS, 2 BATHROOMS + LARGE STORAGE LOCKER - Calling all investors, parents of university students, and young professionals. Welcome to Sage Condos in Waterloo’s dynamic University Core. This spacious two-bedroom, two-bathroom suite offers just under 1,000 square feet of thoughtfully designed living space. The open concept layout features a modern kitchen with stainless steel appliances, stone countertops, and ample cabinetry, flowing seamlessly into the bright living area. Large windows bring in natural light, while the private balcony offers expansive city views. Both bedrooms are generously sized, making the layout ideal for roommates or shared living. The unit also includes in-suite laundry and an oversized premium storage locker conveniently located on the same floor, offering rare and practical everyday ease. Located just steps from the University of Waterloo and Wilfrid Laurier University, this is a prime opportunity in one of the city’s most consistent rental pockets. Shops, restaurants, transit including the LRT and GO Bus Station, and everyday amenities are all within walking distance. Sage Condos offers attractive building amenities including a rooftop terrace, gym, party room, and high speed internet. Whether you are building your investment portfolio, securing a property for your child during university, or looking for a well-located urban home, this is a smart and versatile opportunity in the heart of Waterloo. (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.

Estimate the monthly carry.