102 - 318 Spruce Street, Waterloo, ON N2L 0E9
Waterloo · Near King St N/University Ave E · View map
About this home
Exceptional opportunity to own a prime commercial condominium together with a well-established convenience and vape business in the heart of Waterloo's thriving university district. Whether you're an investor seeking stable rental income or an owner-operator looking to run your own business, this property offers outstanding flexibility and long-term growth potential. Located on the ground floor of Sage 2 Condos, this premium retail unit is just steps from the University of Waterloo and Wilfrid Laurier University. Surrounded by thousands of students and residents, the area has a limited supply of retail space, creating exceptional demand and consistent pedestrian traffic. This attractive 1,824 sq. ft. commercial unit features 15-foot clear ceilings with no interior support columns, providing a bright, open layout with excellent visibility and direct street exposure. The property also includes one underground parking space, one storage locker, a kitchen, and a private washroom, making it suitable for a wide range of retail, food service, medical, professional, or office uses.The owner currently operates a successful convenience store and vape shop, and a liquor licence is available. The purchaser has the flexibility to continue operating the existing business or take vacant possession and establish a new business concept.
The home
- Type
- Commercial retail
- Square footage
- 1824 sq ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Yes
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Underground
- Driveway spaces
- 1
- Total parking
- 1
Taxes & other
- Property taxes
- $19,000/yr
- Tax year
- 2025
- Occupancy
- Owner
- Possession
- tba
- Cross street
- King St N/University Ave E
More
- MLS® number
- X13574974
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
318 Spruce Street, Waterloo, ON N2L 0E9
Waterloo · Near King St N/University Ave E
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Listing history for 318 Spruce Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 102 - 318 Spruce Street
Answers come straight from this home’s MLS® listing.
How much is 102 - 318 Spruce Street listed for, and what would it cost each month?
102 - 318 Spruce Street is listed for $899,000. With 20% down ($179,800), the mortgage payment would be roughly $3,626 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,210 a month, all in. That figure is an illustration, not a quote.
Is 102 - 318 Spruce Street freehold or a condo, and is there a monthly fee?
102 - 318 Spruce Street is a commercial retail in Waterloo. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 102 - 318 Spruce Street have a garage and parking?
Yes. The listing shows the garage as underground. The driveway adds 1 space. In total the listing counts 1 parking space.
What style of home is 102 - 318 Spruce Street?
102 - 318 Spruce Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How is 102 - 318 Spruce Street heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 102 - 318 Spruce Street?
Property taxes are $19,000 a year (2025), or about $1,583 a month.
Where is 102 - 318 Spruce Street?
102 - 318 Spruce Street is in Waterloo. The nearest main intersection is King St N/University Ave E. The postal code is N2L 0E9.
Is 102 - 318 Spruce Street still for sale?
Yes. It is an active listing (MLS® X13574974). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 102 - 318 Spruce Street asking?
Similar properties for sale nearby right now include 102 - 318 Spruce Street at $899,000, 215 - 318 Spruce Street at $309,000 (1 bed) and 1405 - 318 Spruce Street at $499,900 (2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 318 Spruce Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 102 - 318 Spruce Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
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Common element condo$499,9001405 - 318 Spruce Street, Waterloo2 bed · 2 bathCourtesy of: KING REALTY INC.View home →Courtesy of: AIMHOME REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.