505 - 321 Spruce Street

Presenting a remarkable opportunity to acquire an apartment for sale in Waterloo , located at 321 Spruce Street, Waterloo. This spacious condo apartment, measuring 618 square feet, features a well-designed layout that includes one bedroom and a versatile den, which can easily be utilised as a second bedroom. The property is ideal for both investment purposes and personal use, making it a compelling choice for a variety of buyers.

The apartment for sale in Waterloo is situated in a modern concrete building, a testament to contemporary living. The unit is unfurnished, allowing new owners the freedom to personalise the space according to their tastes and preferences. With a total of four rooms, including a large den, this apartment is designed to maximise comfort and functionality. The den's generous size is particularly noteworthy, offering the flexibility to serve as a second bedroom, home office, or even a guest room, depending on your needs.

Located at 321 Spruce Street, Waterloo, this apartment benefits from its proximity to several educational institutions, including Laurier University, Waterloo University, and Conestoga College. This advantageous location makes the apartment for sale in Waterloo an excellent investment opportunity, particularly for those looking to rent to students or faculty members. The ease of access to these institutions is a significant draw for potential tenants, ensuring a steady demand for rental properties in the area.

In terms of amenities, the apartment for sale in Waterloo is equipped with central air conditioning, ensuring a comfortable living environment throughout the warmer months. However, it is important to note that there is no fireplace, pool, or central vacuum system in the unit. The heating is provided by a forced air system, which is efficient and effective for maintaining a pleasant indoor climate.

The kitchen, while flat in design, is functional and ready for your culinary adventures. Although there is no additional kitchen space, the layout is practical for everyday living. The unit does not feature a basement, additional land, or garage space, which may appeal to those seeking a low-maintenance lifestyle. Parking is also not included, which is something to consider for prospective buyers.

Another appealing aspect of this apartment for sale in Waterloo is the inclusion of keyless door entry, enhancing both security and convenience for residents. Additionally, the maintenance fee covers weekly cleaning services, making it an attractive option for those who wish to minimise their housekeeping responsibilities. This feature not only adds value to the property but also makes it easier to lease out at a higher rent, should you choose to invest.

The apartment at 321 Spruce Street, Waterloo, is part of a building that is between six to ten years old, offering modern conveniences and a contemporary aesthetic. While there are no extra features listed, the fundamental attributes of the unit provide a solid foundation for comfortable living.

In summary, this apartment for sale in Waterloo presents an excellent opportunity for anyone looking to invest in a property that is both practical and strategically located. With its spacious layout, proximity to educational institutions, and modern amenities, it is a property that should not be overlooked. The combination of a large den, central air conditioning, and keyless entry makes this unit a standout choice in the competitive Waterloo market.

If you are in the market for an apartment for sale in Waterloo, look no further than 321 Spruce Street, Waterloo. This property is not only a smart investment but also a wonderful place to call home. Don’t miss out on the chance to explore this exceptional offering in one of Waterloo's most desirable areas.

Schools in the Neighbourhood

This property is ideally situated near a variety of reputable educational institutions, making it a great choice for families. Within a short distance, you'll find Winston Churchill Public School (0.9 km), an English-language elementary school rated 4.9, and Waterloo Collegiate Institute (0.2 km), a secondary school with a rating of 6.3. For those seeking French-language education, Elizabeth Ziegler Public School (2.1 km) offers grades 1 to 6, while MacGregor Public School (1.0 km) caters to grades 7 and 8, albeit with a lower rating. Additionally, St. Agnes Catholic Elementary School (2.1 km) and St. David Catholic Secondary School (0.6 km) provide quality Catholic education, with ratings of 8.1 and 7.4, respectively. Kitchener-Waterloo Collegiate and Vocational School (3.0 km) also offers a French-language secondary education with a solid rating of 7. This diverse selection of schools, both public and Catholic, ensures that families have access to quality education options for children of all ages, enhancing the appeal of this property for potential buyers.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a vibrant and youthful community with a population of 1,817 residents and an average household size of 2.2. The average age is notably young at 25.9 years, reflecting a predominantly single demographic, with 83.94% of individuals identifying as single. The average household income stands at $50,100, yet a significant portion, 38.5%, is classified as low-income. The housing market shows an average property price of $440,000, with a high percentage of renters at 93.96%, indicating a demand for rental properties. Additionally, 71.81% of the housing stock consists of condominiums, appealing to the area's younger population. Families are present, with 28.57% of households having children. The community is also diverse, with nearly 20% of residents being immigrants. Educational attainment is relatively high, with 53.78% holding a college or university degree, although a substantial 33.43% of the population is not in the labor force. Overall, this area represents a dynamic blend of youth, diversity, and a significant rental market, making it an attractive location for potential investors and residents alike.