318 Spruce St

318 Spruce Street in Waterloo's Beechwood/University neighbourhood is a 21-storey high-rise apartment condominium completed in 2016. The building contains roughly 100+ residential units across multiple addresses (318 and 321 Spruce Street). Recent sales have averaged around $387,000, with monthly condo fees averaging approximately $541, or roughly $0.65 per square foot. Maintenance fees cover heat, water, hydro, and building insurance. The building offers an exercise centre, gym, bike storage, party room, and visitor parking. Located steps from Wilfrid Laurier University and the University of Waterloo, the complex is highly popular with students and young professionals seeking rental properties. Before finalizing a purchase, obtain and review the status certificate, reserve fund study, financial statements, board minutes, and by-laws with a lawyer.