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$510K · 3 bed Condo Apartment · Waterloo | MyPropertyScout

$510,000

Unit 2

32TenantOccupied

Map

$510,000

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Unit 2

318 Spruce Street · Waterloo · Ontario N2L 0E9

MLS® X12993362 · N2L 0E9

32TenantOccupied900-999 ft²Condo Apartment1-car Underground$537/ft²$4,685 tax/yr

27% above market · regional est.

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Welcome to this bright and versatile condo offering over 900 sq. ft. of well-designed living space in the heart of Waterloo. This unit features 3 bedrooms, including a primary bedroom with its own private ensuite bathroom, plus an additional 3-piece bathroom for added convenience. The original living room has been thoughtfully converted into a third bedroom, providing extra flexibility for families - space can easily be reverted back to a living area if desired. The unit includes a functional ki…

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Property details

MLS#: X12993362
Status: Buy Now
Beds: 3
Baths: 2 full, 0 half
Size: 900-999
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: —

Condo corp #: 624
Balcony: Open
Locker: Owned
Fees include: Water Included, Heat Included
Pets: No

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Spruce St & Hickory St W
Basement: None
Stories: 12
Utilities: —
Laundry: Ensuite
Interior: Auto Garage Door Remote, Other
Parking features: —

Rooms

Level	Room	Dimensions
Main	Bedroom	3.65m × 4.26m
Main	Bedroom 2	3.65m × 4.87m
Main	Bedroom 3	4.26m × 5.48m
Main	Kitchen	3.65m × 3.35m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: COMFREE

Source: TRREB/PROPTX · MLS® X12993362

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$510K

Unit 2 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $510,000✓ $4,685 tax✓ Gas✓ 900-999 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,925/mo

incl. closing costs (yr 1)

Annual total

$59,097

year 1

Mortgage only

$1,935/mo

principal + interest

Beyond mortgage

$1,975/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$102,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$390/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~950 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,100/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$61/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,675

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)39% $23,217/yr

Property taxes19% $11,360/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $5,100/yr

Condo fees15% $8,760/yr

Closing costs9% $5,100/yr

Mortgage is 39% of your true cost of ownership. The other 61% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$23,217	$1,935/mo
Government & taxes
Property tax	$4,685	$390/mo
Land transfer tax(closing)	$6,675	$556/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,100	$425/mo
Condo fees
Condo / HOA fees	$8,760	$730/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$59,097	$4,925/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 2

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs