321 Spruce St 505

Waterloo, N2L 3M6
FOR SALE
$360,000
321 Spruce St 505, Waterloo
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1 + 1
BEDROOMS
1
BATHROOMS
1
KITCHENS
4 + 1
ROOMS
X8292490
MLSID
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Property Description
Spacious 1+1 Unit, 618 Sq.Ft., Large Den Can Be Used As 2nd Bedroom. Amazing investment opportunity, Fully Furnished ! Ready to move in. Walking distance to Laurier University, Waterloo University, Conestoga College. Keyless Door entry, Weekly Cleaning included in Maintenance Fee ! Which Make The Unit Easy To Lease Out At Higher Rent.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-08-18 2024-04-30 257 $398,000 - Expired
Extras
All Existing Fridge, Stove, Washer, Dryer, Microwave, All Existing Electrical Fixtures and Window Coverings.
Nearby Intersections
Property Features
Public Transit, School
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$3,071 (2023)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
Waterloo Market Statistics
Waterloo Price Trend
321 Spruce St 505 is a 1-bedroom 1-bathroom condo listed for sale at $360,000, which is $67,777 (15.8%) lower than the average sold price of $427,777 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 1 bedroom condo in Waterloo declined by $67,223 (13.6%) compared to the previous 30 day period (March 15 - April 13) and down $34,973 (7.6%) from the same time one year ago.
Inventory Change
There were 27 1-bedroom condos listed in Waterloo over the last 30 days (April 14 - May 13), which is up 12.5% compared with the previous 30 day period (March 15 - April 13) and up 28.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Waterloo typically sold ($12,977) (3.0%) below asking price over the last 30 days (April 14 - May 13), which represents a $9,089 decrease compared to the previous 30 day period (March 15 - April 13) and ($9,575) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Waterloo over the last 30 days (April 14 - May 13) stood at 33.3%, down from 45.8% over the previous 30 days (March 15 - April 13) and down from 38.1% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Waterloo stood at 47 days when successfully sold over the last 30 days (April 14 - May 13), compared to 70 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife Broadway Realty Inc.
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