318 Spruce Street 102, Waterloo, ON N2L 0E9
Waterloo, ON, N2L 0E9
About this property
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.
Features & Amenities
- Garage: Underground
- Cooling: Yes
- Heat Type: Gas Forced Air Closed
Property Details
| Property Type | Commercial |
|---|---|
| Property Sub-Type | Store W Apt/Office |
| Garage | Underground |
| Parking Spaces | 1 |
| Heat Type | Gas Forced Air Closed |
| Cooling | Yes |
| Annual Tax | $19,000 |
| Tax Year | 2025 |
Building & Construction
- Building Area Total
- 1824
Heating & Cooling
- Heat Type
- Gas Forced Air Closed
- Cooling
- Yes
Parking & Garage
- Garage Type
- Underground
- Parking Spaces
- 1
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 0.00
- Lot Width
- 0.00
Community & Neighborhood
- Community Features
- Public Transit
Financial & Tax
- Tax Annual Amount
- $19,000
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- tba
Utilities & Services
- Utilities
- Available
Additional Details
- Occupant Type
- Owner
- County Or Parish
- Waterloo
- Cross Street
- King St N/University Ave E
- Directions
- King St N/University Ave E
- Showing Requirements
- List Brokerage
Location
318 Spruce Street 102, Waterloo, ON N2L 0E9, Waterloo, ON, N2L 0E9