Home ›Listings ›Waterloo ›X13230398

331 Spruce Street Waterloo ON

📍 Waterloo, Ontario N2L 3M6

$5,980,000

Active
10BEDS
9BATHS
8PARKING
5KITCHENS
67.33×153.06LOT (FT)

📋 Listing Highlights

StatusActive
MLS®X13230398
ListedJun 2, 2026
Days on Market—
Property TypeResidential Freehold
StyleMultiplex
Cross StreetKing/Columbia
PossessionFlexible

📝 Listing 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!

🏠 Property Details

Property TypeResidential Freehold
StyleMultiplex
Bedrooms10
Bathrooms9
Kitchens5

📐 Lot & Land

Lot Width67.33 ft
Lot Depth153.06 ft
Cross StreetKing/Columbia

🔧 Building & Utilities

Heat SourceGas
HeatingForced Air
CoolingWindow Unit(s)
BasementApartment, Walk-Up
GarageNone
Parking8
ConstructionBrick
RoofAsphalt Shingle

💰 Financial

List Price$5,980,000
Annual Taxes$19,860 (2025)
PossessionFlexible

🧮 Mortgage Calculator

$1,196,000
Est. Monthly Payment
$29,378/mo
Principal: $4,784,000 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by SUTTON GROUP-ADMIRAL REALTY INC.Data via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X13230398 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.