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311 Spruce Street, Waterloo, ON, N2L 3M6

MLS® # 40490976
Investment For Sale In Columbia, Waterloo, Ontario
$1,480,000
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
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311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
311 Spruce Street, Waterloo, ON
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Home Insurance - TD Insurance

Get a home insurance quote online for this $1,480,000 property in Waterloo

Provided by TD Insurance
311 Spruce Street, Waterloo, ON, N2L 3M6
$1,480,000

Property Information:

Nearly $112,000 Projected Gross Annual Income Available Here! This triplexed building is located just a two minute walk to to Wilfrid Laurier University, a quick walk to the vibrant amenities of Uptown and an easy walk to University of Waterloo. This building comes to you with three City-approved, rental licenses issued by City of Waterloo. Located on a street with properties that are predominantly owned by large multi-residential rental service providers, this is a rare opportunity for the private sector investor! Unit A has seen thousands of dollars in recent renos before going to market with some newer flooring and paint. Unit B still has opportunity to further increase annual rental income to market rents and increase revenue substantially on tenant departure (by about $10,000+ per annum). Unit C shows particularly well with large common area and eat in kitchen.All units have generously sized common areas, in suite laundry and spacious bedrooms with individual temperature control. Thoughtfully designed with a compelling unit mix of 3, 5, and 6 bedroom units. Ample parking. Note individual electrical meters! Opportunity on Units B and C to move electrical costs to tenant on re-rental. Roof done in 2022! This money maker will work well for: savvy investor looking for a foothold in lucrative Waterloo rental market, parent investor that seeks the ultimate location for their university bound child or even a university employee that wants to live close to work and generate mortgage helper income through the other units. Zoning may also provide future development opportunity when combined with adjacent properties. Rare opportunity that provides positive cash flow with 35% down - with more upswing still available. Investor work sheet available to show how this property can work for you! Let's book a viewing of 311 Spruce Street with me - or your favourite REALTOR - today!

Inclusions: Hot Water Tank Owned,Smoke Detector,Other

Exclusions : Tenants' Possessions

Building Features:

  • Floor Space: 2916 Square Feet

Property Features:

  • Bedrooms: 14
  • Acres Range: < 0.5
  • Basement: Walk-Up Access, Full, Finished
  • Construction Materials: Vinyl Siding
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 2916 Square Feet
  • Heating: Baseboard, Electric
  • Interior Features: Separate Hydro Meters
  • Laundry Features: In-Suite
  • Lot Depth: 125.2 Feet
  • Lot Features: Rectangular, Park, Place of Worship, Public Transit, Schools
  • Lot Frontage: 55.59 Feet
  • Roof: Asphalt Shing
  • Security Features: Smoke Detector, Alarm System
  • Water Source: Municipal
  • Zoning: (H) RN-12
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 4

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 311 Spruce Street, Waterloo, ON, N2L 3M6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

34 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

34 hot days expected in 2050

51/100

High

ClimateCheck®

Current data

This property, 311 Spruce Street , experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past
30.6℃
2050
34.2℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 311 Spruce Street , experiences 11 significant 2-day storms per year, with about 319.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 396.3mm of precipitation per year.

Precipitation Per Storm

Past
319.6mm
2050
396.3mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 311 Spruce Street, Waterloo, ON, N2L 3M6

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$73,708.19

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.52 %

High school certificate or equivalent

35.16 %

Apprenticeship trade certificate/diploma

2.55 %

College/non-university certificate

12.79 %

University certificate (below bachelor)

1.34 %

University Degree

38.65 %

Commuter

Travel To Work

By Car

68.76 %

By Public Transit

15.74 %

By Walking

10.32 %

By Bicycle

1.09 %

By Other Methods

4.09 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

91.51 %

Houses

8.49 %

Own Vs. Rent

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