331 Spruce Street

Waterloo · MLS® X13230398

1098

House · Multi-family · 144 days on market

listed by JIA LI, SUTTON GROUP-ADMIRAL REALTY INC.

realtor's 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

type: House, Multi-family
bedrooms: 10
bathrooms: 9
parking: 8
property tax: $19,860 / yr
days on market: 144
MLS®: X13230398

features

Washer
Refrigerator
Dishwasher
Stove
Dryer
Water Heater

monthly cost

$27,709/mo

Mortgage $26,054 · Tax $1,655

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$26,054/ monthly

loan $4,784,000

25-year amortization

down payment20% · $1,196,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $3,032,286
cash to close: $1,196,000; down payment; transfer tax and fees not included
total paid: $7,816,286

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.