Excellent Investment Opportunity. 1+1 Corner Condo Unit Located In The Center Of University Town In Waterloo. Steps Away from Wilfred Laurier University, University Of Waterloo And Conestoga College. The unit features a well-designed layout, quartz countertops, premium laminate flooring throughout, in-suite laundry, and comes with furniture (sold as-is). The bright den includes two windows and can serve as a second bedroom. A weekly cleaning service costing $126.72 per month makes the unit easier to rent out and generates higher rental returns. The building offers excellent amenities, including a gym, shuttle service, keyless entry system, guest suites, a rooftop terrace, and more. The current tenant will move out on May 31, 2026. The seller is highly motivated - don't miss out on this prime opportunity!
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $470 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 321 Spruce St #312
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
500-599 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
321 Spruce St #312 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,154
/mo
based on the purchase price of $235,000
$47,000 cash
$188,000 financed
$158,345 total interest
Principal54%$188,000
Interest46%$158,345
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Waterloo
Other 1–2 bed homes for sale in Waterloo around $235K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings410Homes for sale here right now.
Median vs prior 90 days−3.7%Compared with Apr 30 – Jul 29, 2026: prices down.
Based on 434 sales from Jul 29 – Oct 27, 2026 (305 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
2 for sale · 2 for rent at 321 Spruce St — plus its sale and lease history.
321 Spruce St #312 is listed at $235,000 (MLS® X13062008). Summitly updates the price as soon as the MLS® record changes.
Is $235,000 a good price for 321 Spruce St #312?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Waterloo. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 321 Spruce St #312 changed?
Yes — it was first listed at $275,000 and is now $235,000, a drop of $40,000 (14.5%).
How many bedrooms and bathrooms does 321 Spruce St #312 have?
321 Spruce St #312 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Waterloo.
Is 321 Spruce St #312 close to transit?
The nearest rapid-transit station is Laurier - Waterloo Park Station (ION), about 1.3 km (about a 16-minute walk) in a straight line. University of Waterloo Station is about 1.3 km (about a 16-minute walk), and Research and Technology Station is about 1.5 km (about a 18-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 321 Spruce St #312?
About $1,154 a month — principal and interest on $235,000 with 20% down ($47,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 321 Spruce St #312 compare with other homes in Waterloo?
Its asking price of $235,000 is about 66% below the median sold price in Waterloo over the last 90 days, $685,500, across 434 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 321 Spruce St #312 been sold before?
Summitly has no earlier MLS® sale or lease of 321 Spruce St #312 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 321 Spruce St #312?
321 Spruce St #312 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 321 Spruce St #312 been on the market?
180 days — 321 Spruce St #312 was listed on April 30, 2026.
What is the price per square foot of 321 Spruce St #312?
About $392 to $470 per square foot: the asking price of $235,000 over the 500–599 sq ft the listing gives as its size range.
Does 321 Spruce St #312 have a basement, and is it finished?
The listing says 321 Spruce St #312 has no basement.
