331 Spruce Street, Waterloo, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $5,980,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 10 Bedrooms and 9 Bathrooms with 5 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 67.33 x 153.06 ft lot
- Features a apartment, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available
- Notable attributes: Other
- equipped with window unit(s) central cooling and highly efficient forced air heating via gas
Description
Plan Approved! Ready For Building Permit! 331 and 329 Spruce, 2 Assembled Lots To Be PurchasedTogether! Approved Plan For A 9-Storey Student Residence Featuring 88 Bedrooms! ExceptionalOpportunity For Builders, Developers And Investor In Prime Location Just Steps From Campus!Currently Income Generating And Professionally Managed! Turnkey Operation For Investors LookingTo Hold And Benefit! Conveniently Located Within Walking distance Of University, Shopping,Public Transit, Employment Centres, Parks And More! Rare Chance To Secure A High-PotentialDevelopment Site In Sought-After Location!
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Property Summary
This multiplex located at 331 Spruce Street, Waterloo is currently for sale and has been available on SousaSells for 87 days. This property is listed at $5,980,000 with an estimated mortgage of $19,905* per month. It has 10 beds, 9 bathrooms, and is 3000-3500 square feet. 331 Spruce Street, Waterloo
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 10 bedrooms and 9 bathrooms, this home offers ample space and comfort for growing families in Waterloo.
- •10 spacious bedroom layout offering versatile living space
- •9 well-appointed bathrooms
- •3000-3500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Waterloo.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Public Transit
- School
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 331 Spruce Street, Waterloo, ON
Q.What is the asking price for 331 Spruce Street, Waterloo, ON ?
The current listing price for 331 Spruce Street, Waterloo, ON in Waterloo is $5,980,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 10 bedrooms and 9 bathrooms across approximately 3000-3500 sqft.
Q.What property type and architectural style is 331 Spruce Street, Waterloo, ON ?
331 Spruce Street, Waterloo, ON is a Multiplex (2-Storey) featuring a Apartment, Walk-Up basement.
Q.What key property features does 331 Spruce Street, Waterloo, ON offer?
Key property features include: Public Transit, School.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 8.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Window Unit(s).
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Waterloo, Waterloo
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 331 Spruce Street, Waterloo, ON N2L 3M6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Waterloo, ON
For a property listed at $5,980,000 in Waterloo, the legal minimum down payment is $1,196,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $135,975 for this transaction. As this listing is in Waterloo (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $135,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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