318 Spruce Street 102
Waterloo, N2L 0E9
$899,000
Listed 96 days ago · MLS® X13574980
About this home
Exceptional opportunity to own a prime commercial condominium together with a well-established convenience and vape business in the heart of Waterloo's thriving university district. Whether you're an investor seeking stable rental income or an owner-operator looking to run your own business, this property offers outstanding flexibility and long-term growth potential. Located on the ground floor of Sage 2 Condos, this premium retail unit is just steps from the University of Waterloo and Wilfrid Laurier University. Surrounded by thousands of students and residents, the area has a limited supply of retail space, creating exceptional demand and consistent pedestrian traffic. This attractive 1,824 sq. ft. commercial unit features 15-foot clear ceilings with no interior support columns, providing a bright, open layout with excellent visibility and direct street exposure. The property also includes one underground parking space, one storage locker, a kitchen, and a private washroom, making it suitable for a wide range of retail, food service, medical, professional, or office uses.The owner currently operates a successful convenience store and vape shop, and a liquor licence is available. The purchaser has the flexibility to continue operating the existing business or take vacant possession and establish a new business concept.
Details
- Type
- Store W Apt/Office
- Garage
- Underground
- Property tax
- $19,000 (2025)
- Municipality
- Waterloo
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Air conditioning
- Yes
- Utilities
- Available
Building and exterior
- Building area
- 1,824 Square Feet
More
- Possession
- tba
- Cross street
- King St N/University Ave E
History of this address
1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Very walkable
- 🚇 Laurier - Waterloo Park LRT1.3 km
- 🚇 University of Waterloo LRT1.3 km
Within a 10-minute walk: 6 grocery stores, 69 cafés and restaurants, 4 parks, 3 pharmacies. Nearest grocery: India Food and Grocery (400 m). Nearest park: Veterans' Green (400 m).
Schools nearby
Elementary
- Winston Churchill Public School
EQAO: Gr 6 reading 88%, math 56%16 min walk - École élémentaire catholique Mère-Élisabeth-Bruyère French
EQAO: Gr 6 reading 95%, math 68%1.4 km - Lincoln Heights Public School
EQAO: Gr 6 reading 75%, math 47%1.5 km - École élémentaire L'Harmonie French
EQAO: Gr 6 reading 90%, math 79%1.6 km
Secondary
- Waterloo Collegiate Institute
EQAO: Gr 9 math 57%, literacy test 85%4 min walk - St. David Catholic Secondary School Catholic
EQAO: Gr 9 math 67%, literacy test 97%10 min walk - MacGregor Public School14 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area N2L
- Owners / renters
- 37% / 63%
- Median household income
- $69,500
- Average age
- 37
- Children under 15
- 11%
- Homes
- 29% detached, 40% high-rise
- Commute by transit
- 12%
- Population
- 37,953
Languages spoken most at home besides English: Mandarin 5.5%, Arabic 1.4%, Hindi 0.9%, Punjabi (Panjabi) 0.9%.
Safety
Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
To downtown Kitchener: 4 km. Transit times · Driving times
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by AIMHOME REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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$899,000
318 Spruce Street 102
Waterloo
Commercial Retail · MLS® X13574974 · AIMHOME REALTY INC.