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For Sale
$5,980,000
Estimated monthly cost
$29,479/mo
20% down • 5.00% rate • 25 yr • incl. tax

331 Spruce Street, Waterloo, ON N2L 3M6

Waterloo
1 / 1
10
Beds
9
Baths
8
Parking
3,000–3,500 ft²
Size
Property type
Multiplex
Listed
20 Days
Annual taxes
$19,860 /yr (2025)
MLS® number
X13230398
Listing brokerage
SUTTON GROUP-ADMIRAL REALTY INC.

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
Style
2-Storey
Basement
Apartment, Walk-Up Basement
Exterior Finish
Brick
Heating
Forced Air · Gas
Cooling
Window Unit(s)
Pool
None
Parking
Garage Type
None
Total Parking
8
Land
Lot Size
67.33 × 153.06 ft
Lot Features
Public Transit, School
Sewer
Sewer
Listing
MLS® Number
X13230398
Listed Date
Jun 2, 2026
Last Updated
Jun 2, 2026

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School Zones

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Location

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

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) and PropTx under the Internet Data Exchange (IDX) program. The information is deemed reliable but is not guaranteed accurate by TRREB, PropTx, CREA or DistrictIQ Inc., Brokerage, may not reflect the most current status, and is subject to errors, omissions, prior sale, change, or withdrawal without notice. Listings should be independently verified.

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