331 Spruce Street, Waterloo, ON N2L 3M6
Waterloo · Near King/Columbia · View map
About this home
Plan Approved! Ready For Building Permit! 331 and 329 Spruce, 2 Assembled Lots To Be PurchasedTogether! Approved Plan For A 9-Storey Student Residence Featuring 88 Bedrooms! ExceptionalOpportunity For Builders, Developers And Investor In Prime Location Just Steps From Campus!Currently Income Generating And Professionally Managed! Turnkey Operation For Investors LookingTo Hold And Benefit! Conveniently Located Within Walking distance Of University, Shopping,Public Transit, Employment Centres, Parks And More! Rare Chance To Secure A High-PotentialDevelopment Site In Sought-After Location!
The home
- Type
- Multiplex
- Style
- 2-Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 9
- Basement bedrooms
- 1
- Bathrooms
- 9
- Kitchens
- 5
- Rooms
- 24
- Basement
- Apartment, Walk-Up
- Lot size
- 67.3 x 153.1 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Window Unit(s)
- Fireplace
- No
Garage & parking
- Driveway spaces
- 8
- Total parking
- 8
- Parking features
- Private
Taxes & other
- Property taxes
- $19,860/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- King/Columbia
More
- Price per sq ft
- ~$1,840 (at 3,250 sq ft)
- MLS® number
- X13230398
No matching details. Ask Will instead
The home and its surroundings
- Public Transit
- School
- Porch
- 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.
Schools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 331 Spruce Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 331 Spruce Street
Answers come straight from this home’s MLS® listing.
How much is 331 Spruce Street listed for, and what would it cost each month?
331 Spruce Street is listed for $5,980,000. With 20% down ($1,196,000), the mortgage payment would be roughly $24,122 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $25,777 a month, all in. That figure is an illustration, not a quote.
Is 331 Spruce Street freehold or a condo, and is there a monthly fee?
331 Spruce Street is a multiplex 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.
How many bedrooms and bathrooms does 331 Spruce Street have?
331 Spruce Street has 9 bedrooms, plus 1 more bedroom in the basement, and 9 bathrooms. The listing gives the style as 2-storey.
Does 331 Spruce Street have a garage and parking?
The listing does not show a garage. The driveway adds 8 spaces. In total the listing counts 8 parking spaces.
Does 331 Spruce Street have a finished basement?
The listing describes the basement as apartment, walk-up. It counts 1 bedroom on that level. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 331 Spruce Street?
331 Spruce Street is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 331 Spruce Street, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 67.3 x 153.1 ft.
How is 331 Spruce Street heated and cooled?
Heating is forced air (gas). Cooling is window unit(s).
What are the property taxes for 331 Spruce Street?
Property taxes are $19,860 a year (2025), or about $1,655 a month.
Where is 331 Spruce Street?
331 Spruce Street is in Waterloo. The nearest main intersection is King/Columbia. The postal code is N2L 3M6.
Is 331 Spruce Street still for sale?
Yes. It is an active listing (MLS® X13230398). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 331 Spruce Street asking?
Similar properties for sale nearby right now include 329 Spruce Street at $5,980,000 (9+5 bed), 742 Country Squire Road at $5,650,000 (5 bed) and 16 Kraft Drive at $4,950,000 (3+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 331 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 331 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
More properties for sale near Waterloo, picked by style, size and price.
Multiplex$5,980,000329 Spruce Street, Waterloo9+5 bed · 6 bathCourtesy of: SUTTON GROUP-ADMIRAL REALTY INC.View home →
Farm$5,650,000742 Country Squire Road, Waterloo5 bed · 6 bathCourtesy of: RE/MAX TWIN CITY REALTY INC.View home →
Detached home$4,950,00016 Kraft Drive, Waterloo3+1 bed · 5 bathCourtesy of: THE AGENCYView home →Courtesy of: SUTTON GROUP-ADMIRAL 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.