For Sale
MLS®# X13230398
331 Spruce Street, Waterloo, ON N2L 3M6
Waterloo, ON N2L 3M6
$5,980,000
Est. $25,399/mo · 20% down, 25-yr, 4.09%
9 + 1Beds
9Baths
67 × 153 ftLot
8Parking
MultiplexType
About this property
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 Summary
Property TypeMultiplex
Square Footage3000 - 3500 sq ft
Land Size67.33 x 153.06 ft
Annual Property Taxes$19,860.00
Tax Year2025
Parking TypeNone Garage, Private
Building details
Bedrooms9 + 1 (total 10)
Bathrooms / washrooms9 — 3-pc Main
Kitchens3 + 2
Rooms24 + 9
Property typeMultiplex
Architectural style2-Storey
Lot & land
Lot dimensions67 × 153 ft
Lot frontage67 ft
Lot depth153 ft
Interior Features
Basement FeaturesApartment, Walk-Up
Interior FeaturesOther
InclusionsGas 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.
Building Features
FeaturesPublic Transit, School
Foundation TypeConcrete
Style2-Storey
RoofAsphalt Shingle
ConstructionBrick
Building Amenities
PoolNone
Heating & Cooling
CoolingWindow Unit(s)
Heating TypeForced Air
Heating SourceGas
Utilities
Utility SewerSewer
Parking
Parking TypeNone Garage, Private
Total Parking Spaces8
Exterior Features
Exterior FinishPorch
Taxes & fees
Annual taxes$19,860 (2025)
Listing history
On market sinceJun 2, 2026
Location
Waterloo, ON N2L 3M6
Listed by SUTTON GROUP-ADMIRAL REALTY INC., Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.