216 - 318 Spruce Street

Introducing an exceptional opportunity to acquire a stunning condo for sale in Waterloo , located at 318 Spruce Street, Waterloo. This oversized one-bedroom apartment, measuring approximately 663 square feet, is situated in the highly sought-after Sage II Building, an ideal location for both young professionals and students. The proximity to renowned educational institutions such as the University of Waterloo, Wilfrid Laurier University, and Conestoga College makes this property particularly attractive for those seeking convenience and accessibility.

The condo for sale in Waterloo features a well-designed layout with extra high ceilings that create a spacious and airy atmosphere. The main kitchen is thoughtfully positioned to enhance the living experience, and the apartment boasts a total of three rooms, which includes the bedroom and a versatile space that can serve as a potential den or second room, thanks to a clever partition. This flexibility makes it perfect for a variety of lifestyles, whether you’re a student needing a study area or a professional looking for a home office.

As you step into the property, you will immediately appreciate the contemporary concrete exterior that reflects modern living. The apartment is unfurnished, allowing you the freedom to personalise the space to your taste. With central air conditioning and forced air heating, comfort is assured throughout the year. Although the condo does not feature a fireplace, the high ceilings and ample natural light create a warm and inviting environment.

One of the standout features of this condo for sale in Waterloo is the inclusion of high-speed internet, which is essential for today’s fast-paced lifestyle. The low maintenance fees cover water, heating, and cooling, making this property not only a comfortable home but also a financially savvy choice. It is worth noting that the property does not have a pool, central vacuum system, or additional land, but the amenities offered within the building more than compensate for these omissions.

Residents of the Sage II Building can enjoy a range of amenities designed to enhance their living experience. The fitness centre is perfect for those who prioritise health and wellness, while the rooftop terrace, complete with a BBQ area, offers a fantastic space for socialising and enjoying the outdoors. Additionally, the secure bike storage room caters to those who prefer cycling as their mode of transport, and the social/media room provides a communal space for gatherings. There is also a guest suite available for visitors, ensuring that your guests have a comfortable place to stay.

This condo for sale in Waterloo is not just a great place to live; it also presents an excellent investment opportunity. With an existing tenant who has already given notice to vacate, you have the option to move in yourself or continue renting the property to generate income. The age of the building, between 6 to 10 years, ensures that you are investing in a relatively new property with modern amenities and features.

Parking is not an issue, as the property includes underground garage space, although there is no additional parking available. The location at 318 Spruce Street, Waterloo, is second to none, providing easy access to local shops, cafes, and public transport, making it a prime choice for anyone looking to embrace the vibrant lifestyle that Waterloo has to offer.

In summary, this oversized one-bedroom condo for sale in Waterloo at 318 Spruce Street, Waterloo, is a remarkable opportunity for both personal residence and investment. With its prime location, modern amenities, and spacious layout, it is sure to attract attention. Don’t miss out on the chance to make this exceptional property your own. Act quickly, as opportunities like this do not last long in the competitive Waterloo real estate market.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a 1 km radius, you will find Winston Churchill Public School, an elementary school with an impressive rating of 4.9, and MacGregor Public School, which serves grades 7 to 8. Just 0.3 km away is Waterloo Collegiate Institute, a secondary school with a rating of 6.3, providing education for grades 9 to 12. For those seeking French-language education, Elizabeth Ziegler Public School offers grades 1 to 6 and has a rating of 6, while MacGregor Public School caters to grades 7 to 8 in French. Additionally, St. Agnes Catholic Elementary School, located 2.0 km away, boasts a strong rating of 8.1, and St. David Catholic Secondary School, only 0.6 km from the property, has a rating of 7.4. The nearby Kitchener-Waterloo Collegiate and Vocational School, located 3.0 km away, is also highly rated at 7. This diverse selection of educational institutions ensures that families have access to quality education options in both English and French, enhancing the appeal of this property for potential buyers.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,817 residents, characterized by a youthful demographic with an average age of 25.9 years. The average household size is 2.2, and the majority of the population is single, comprising 83.94% of the community. The average household income stands at $50,100, with a significant portion, 38.5%, classified as low-income. Notably, 93.96% of the residents are renters, and 71.81% of the housing consists of condominiums. Families with children make up 28.57% of households, while 19.94% of the population consists of immigrants, indicating a diverse community. Educational attainment is relatively high, with 53.78% of residents holding a college or university degree. However, a considerable percentage, 33.43%, are not participating in the labor force, suggesting potential economic challenges in the area. The average property price is $440,000, reflecting the demand for housing amidst a predominantly renting population. Overall, this demographic profile highlights a vibrant, young community with diverse backgrounds, but also points to economic disparities and a high rate of rental occupancy.