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$899,000

Map

318 Spruce Street #102

Waterloo, Ontario N2L0E9

For sale· Added

1,824 sqft

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
X13574980
Added
Jul 17, 2026 ()
Updated
Jul 17, 2026 ()
Info refreshed

Overview

Property type
Retail
Building type
Residential Commercial Mix

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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$899,000
318 Spruce Street
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