Experience luxury and convenience in this bright 1+1 bedroom condo in the heart of Waterloo, just steps from University of Waterloo, Wilfrid Laurier University, and Conestoga College. Featuring high-end finishes, stainless steel appliances, quartz countertops, and floor-to-ceiling windows, this fully furnished unit offers a spacious den that can serve as a second bedroom or office, in-suite laundry, and included high-speed internet and weekly housekeeping. Residents enjoy concierge service, an exercise/recreation room, a rooftop patio, and guest suites in this well-maintained, modern building. Immediate occupancy is available book your viewing today!
1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $458 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 #501
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
600-699 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 #501 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13541492$274,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 321 Spruce St #501 Compares to the Waterloo Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$1,351
/mo
based on the purchase price of $274,900
$54,980 cash
$219,920 financed
$185,230 total interest
Principal54%$219,920
Interest46%$185,230
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
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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-bed homes for sale in Waterloo around $275K.
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 listings377Homes for sale here right now.
Median vs prior 90 days−1.0%Compared with May 6 – Aug 4, 2026: prices down.
Based on 432 sales from Aug 4 – Nov 2, 2026 (297 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
1 for sale · 3 for rent at 321 Spruce St — plus its sale and lease history.
321 Spruce St #501 is listed at $274,900 (MLS® X13541492). Summitly updates the price as soon as the MLS® record changes.
Is $274,900 a good price for 321 Spruce St #501?
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 #501 changed?
No — 321 Spruce St #501 is still listed at its original asking price of $274,900.
How many bedrooms and bathrooms does 321 Spruce St #501 have?
321 Spruce St #501 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Waterloo.
Is 321 Spruce St #501 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 #501?
About $1,351 a month — principal and interest on $274,900 with 20% down ($54,980), 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 #501 compare with other homes in Waterloo?
Its asking price of $274,900 is about 61% below the median sold price in Waterloo over the last 90 days, $700,000, across 432 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 #501 been sold before?
Summitly has no earlier MLS® sale or lease of 321 Spruce St #501 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 321 Spruce St #501?
321 Spruce St #501 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 321 Spruce St #501 been on the market?
116 days — 321 Spruce St #501 was listed on July 9, 2026.
What is the price per square foot of 321 Spruce St #501?
About $393 to $458 per square foot: the asking price of $274,900 over the 600–699 sq ft the listing gives as its size range.
Does 321 Spruce St #501 have a basement, and is it finished?
The listing says 321 Spruce St #501 has no basement.
