207 - 321 Spruce Street S

Introducing an exceptional opportunity to acquire an apartment for sale in Waterloo , located at 321 Spruce Street S, Waterloo. This stylish one-bedroom condo apartment, constructed in 2017, is situated in the vibrant community of 417 - Beechwood/University, making it an ideal investment for those seeking to generate rental income or for students attending nearby universities. The property is conveniently positioned within walking distance of Wilfrid Laurier University, the University of Waterloo, and Conestoga College, making it a prime location for academic pursuits.

As you enter the apartment for sale in Waterloo, you will appreciate the private entrance that leads you into a bright and welcoming interior. The layout comprises a total of five rooms, including a well-appointed main kitchen that is equipped with essential appliances such as a built-in microwave, dishwasher, refrigerator, stove, dryer, and washer. This unfurnished space allows you the freedom to personalise it according to your taste and preferences. The apartment features one spacious bedroom, perfect for restful nights, and a bathroom that meets all your needs.

Although there is no den in this unit, the bedroom provides ample space for additional furniture or study areas, making it versatile for various living arrangements. The absence of a family room is compensated by the apartment's overall design, which maximises the use of space and offers a comfortable living environment. The central air conditioning ensures that the apartment remains cool during warmer months, while the electric forced air heating system keeps it warm and cosy in the winter.

One of the standout features of this apartment for sale in Waterloo is the inclusion of a fireplace, which adds a touch of warmth and charm to the living space. Imagine enjoying a quiet evening by the fire, creating a perfect atmosphere for relaxation or entertaining guests. Additionally, the apartment is equipped with internet access, ensuring you stay connected whether for work or leisure.

The building itself offers secure keyless entry, providing peace of mind for residents. While there is no pool or central vacuum system, the convenience of in-suite laundry facilities enhances the overall appeal of this property. The absence of a basement and garage space means that maintenance is kept to a minimum, allowing you to focus on enjoying your new home.

Living at 321 Spruce Street S, Waterloo, means you are just steps away from an array of shopping, dining, and entertainment options. The vibrant local community ensures that you have everything you need within easy reach, making this apartment for sale in Waterloo not just a home, but a lifestyle choice. The area is well-served by public transport, further enhancing its appeal for students and professionals alike.

With less than 0.5 acres of additional land, the property is manageable and easy to maintain, allowing you to enjoy the benefits of condo living without the burden of extensive upkeep. This apartment for sale in Waterloo is a fantastic opportunity for those looking to invest in a property that combines convenience, style, and location.

In summary, if you are in search of an apartment for sale in Waterloo, look no further than this delightful one-bedroom condo at 321 Spruce Street S, Waterloo. With its prime location, modern amenities, and potential for rental income, this property is sure to attract attention from both investors and students alike. Don’t miss out on the chance to make this fantastic apartment your new home or investment opportunity!

The 417 - Beechwood/University area in Waterloo is a vibrant and picturesque neighbourhood that seamlessly blends residential charm with academic vitality. Nestled close to the University of Waterloo, this community boasts tree-lined streets, well-maintained parks, and a variety of local amenities, making it an ideal spot for students, families, and professionals alike. With easy access to public transport and a plethora of shops, cafes, and recreational facilities, residents enjoy a lively yet relaxed atmosphere. The proximity to the university adds a dynamic edge, fostering a diverse and inclusive environment that celebrates both education and community spirit. Whether you're taking a leisurely stroll through the scenic trails or engaging in local events, Beechwood/University offers a welcoming and enriching place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Winston Churchill Public School (1.0 km), which offers elementary education from JK to grade 6 and boasts an impressive rating of 4.9. For older elementary students, MacGregor Public School is just 0.9 km away, serving grades 7 to 8, although it currently has no rating. The nearby Waterloo Collegiate Institute (0.3 km) provides secondary education for grades 9 to 12 and has a rating of 6.3. Additionally, Elizabeth Ziegler Public School (1.9 km) offers French-language education for grades 1 to 6 with a rating of 6. St. Agnes Catholic Elementary School (2.0 km) and St. David Catholic Secondary School (0.7 km) offer strong Catholic education options, rated at 8.1 and 7.4 respectively. For those seeking French-language education, Kitchener-Waterloo Collegiate and Vocational School (2.9 km) and Sir Edgar Bauer Catholic Elementary School (2.7 km) also provide excellent programs. Overall, this area offers a diverse range of quality educational options for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, youthful community with a population of 1,817 residents and an average age of 25.9 years. The average household size is 2.2, with a significant portion of the population being single (83.94%) and a modest percentage of households with children (28.57%). The average household income stands at $50,100, but a notable 38.5% of the population is classified as low-income. Housing prices average around $440,000, with a high rental rate of 93.96%, indicating a predominantly renter-occupied environment. Condominiums make up 71.81% of the housing market, appealing to the younger demographic. Additionally, 19.94% of residents are immigrants, contributing to the area's diversity. Educational attainment is relatively high, with 53.78% of the population holding a college or university degree. However, a significant portion of the community, 33.43%, is not in the labor force, suggesting potential economic challenges. Overall, this area presents a unique blend of youthful energy, economic diversity, and a strong rental market, making it an intriguing location for potential investment or residence.