102 - 318 Spruce Street

Waterloo, ON

1,824 sqft
Store W Apt/Office
52 days on market

$899,000

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.

Listing Details

Taxes (2025): $19,000
Listed: July 16, 2026

Price History

Listing history

Parking

Garage: Underground

Location & Legal

Cross Street: King St N/University Ave E
Zoning: Commercial
Parcel Number: 236240002
Possession: Flexible
Occupancy: Owner

Commercial

Office / Apartment Area: 0 Sq Ft

Included

Inclusions: The sale includes all permanently affixed fixtures located on the Property, including, without limitation, all built-in display cabinets, shelving, counters, display racks, coolers, freezers, kitchen equipment, ventilation hood, sinks, plumbing fixtures, lighting fixtures, signage (if affixed), and all other equipment, machinery, and improvements that are permanently attached to or secured to the floors, walls, or ceilings of the premises.

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

Commercial in Waterloo · last 12 months

Median sold price: $695,000
Homes sold: 1,034
Median days on market: 21
Sale-to-list price: 99.8%

Based on 1,034 recorded sales of commercial properties in Waterloo over the last 12 months.

Listed by

AIMHOME REALTY INC.

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 1,824 sq ft
Price per sq ft: $492.87
Annual property tax: $19,000
Tax per sq ft: $10.42

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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