For sale 31$899,000
318 Spruce Street #102
Waterloo, Ontario N2L0E9
For sale· Added
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.
Location
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Property details
Listing
- MLS® number
- X13574974
- Added
- Jul 17, 2026 ()
- Updated
- Jul 17, 2026 ()
- Info refreshed
Overview
- Property type
- Retail
- Building type
- Retail
Inside
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Fireplace
- No
- Appliances
- Freezer
Building
- Parking
- Underground · 1 space
Land
- Zoning
- Commercial
Services
- Water
- Municipal water
Location
- Cross streets
- King St N/University Ave E
Running costs
- Annual property tax
- $19,000
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