331 Spruce Street, Waterloo, ON N2L 3M6
$5,980,000
$5,980,000

331 Spruce Street

Waterloo $5,980,000

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10 Beds
9 Baths
3000-3500 sqft
Parking for 8
West Facing
MLS®#:
X13230398
Property Type:
Multiplex
Property Style:
2-Storey
Area:
Waterloo
Community:
Taxes:
$19,860 / 2025
Added:
June 02 2026
Lot Frontage:
67.33
Lot Depth:
153.06
Status:
Active
Outside:
Brick
Year Built:
Basement:
Apartment,Walk-Up
Brokerage:
SUTTON GROUP-ADMIRAL REALTY INC.
Lot :

153

67

BIG LOT

Intersection:
King/Columbia
Rooms:
Bedrooms:
10
Bathrooms:
9
Fireplace:
Utilities
Water:
Municipal
Cooling:
Window Unit(s)
Heating Type:
Forced Air
Heating Fuel:

Listing Details

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!

Gas Forced Air And Electric Baseboard Heat In Different Areas. Water Heaters Owned. Dishwasher, Washer & Dryer, Stove, Fridge, Included In Each Unit. Second Fridge In Unit 1.

Insights

  1. Approved Development Plans: The property comes with approved plans for a 9-storey student residence featuring 88 bedrooms, making it a prime investment opportunity for builders and developers.
  2. Income-Generating Asset: Currently a professionally managed, income-generating property, offering a turnkey operation for investors looking to benefit from immediate cash flow.
  3. Prime Location: Located just steps from the university, shopping, and public transit, this property is in a highly sought-after area, ensuring high demand for student housing.

Property Features

Public Transit
School

Sale/Lease History of 331 Spruce Street

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Neighborhood Overview

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