318 Spruce Street, Unit 102
318 Spruce Street, Unit 102
$899,000
$493/sq ft· Bldg avg $526/sq ft · 2 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $3,917 |
| Property Tax (MLS) | $1,583 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $5,500 |
Down payment: $179,800 (20.0%) · Mortgage: $719,200
Property tax uses MLS annual tax of $19,000/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Sage II
Red Bricks Databy IN8 Developments · 318 Spruce Street
Maint. Fees
0.00
Occupancy
2018
Listing provided by AIMHOME REALTY INC.
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Data last updated: August 22, 2026 at 10:26 p.m.