1505 - 318 SPRUCE Street
Waterloo, Ontario
2 bed • 2 bath • Single Family
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.
Price History
Schools
Secondary
- Waterloo Collegiate Institute0.3 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School0.6 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Bluevale Collegiate Institute2.2 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- MacGregor Public School1 km
Public · Waterloo Region DSB · 510 students
- Winston Churchill Public School1 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- ÉÉC Mère-Élisabeth-Bruyère1.4 km
French Catholic · CS catholique MonAvenir · 220 students
Grade 3 reading: 84% met the provincial standard · Grade 6 math: 68% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,031
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,031 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$79,980
Estimated Monthly Payment
$1,965
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,965/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $100/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?