308 Lester Street, Unit 511, Waterloo, ON
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $285,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 0-499 sqft
- 0.0 total parking spaces available with a convenient surface configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via other
Description
Welcome to a prime parent-owner opportunity in Waterloo's coveted university district. This stylish 1-bedroom, 1-bathroom condo is perfectly positioned for families planning ahead: currently tenanted until August 27, 2027, it offers immediate rental income while you prepare for your child's arrival at the UW or WLU in September 2027. Start collecting rent now, then transitioning seamlessly to a safe, modern, independent living space for your child next September - all while building equity in one of Ontario's most resilient real estate markets. Located just a 10-minute walk from both UW and WLU lecture halls and steps from the UW LRT Station, this unit eliminates commute stress and places your child at the heart of campus life. Inside, enjoy premium finishes including granite countertops, stainless-steel appliances, in-suite laundry, high ceilings, modern neutral tones, laminate flooring throughout, a spacious bedroom with large closet, and a private balcony with great views. Building amenities are designed for student success and comfort, with the included fibre-optic internet service, on-site fitness facility, social lounge, rooftop terrace, secure bike storage, and professional on-site management. Low condo fees cover most essentials (all except hydro), and the unit comes fully furnished - including all appliances, window coverings, and furniture - making it truly turnkey. Lock in today's price, avoid the uncertainty of unreliable roommates or subpar rentals, and give your child a clean, modern, and secured environment where they can thrive academically. With parks, shopping, dining, and transit all within walking distance, this unit delivers everything a student needs, and everything a parent wants. Don't miss this rare chance to safeguard your child's future and your family's financial advantage in one of Waterloo's highest-demand student housing markets. This isn't just an investment; it's a smart family strategy. Call to book your private showing today.
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Property Summary
This condo apartment located at 308 Lester Street, Waterloo is currently for sale and has been available on SousaSells for 2 days. This property is listed at $285,000 with an estimated mortgage of $949* per month. It has 1 bed, 1 bathroom, and is 0-499 square feet. 308 Lester Street, Waterloo
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Waterloo.
- •1 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •0-499 sqft of generous functional square footage
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Waterloo.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- School
Interior Features
- None
Security Features
- Carbon Monoxide Detectors
- Smoke Detector
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Frequently Asked Questions about 308 Lester Street, Unit 511, Waterloo, ON
Q.What is the asking price for 308 Lester Street, Unit 511, Waterloo, ON ?
The current listing price for 308 Lester Street, Unit 511, Waterloo, ON in Waterloo is $285,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 1 bedroom and 1 bathroom across approximately 0-499 sqft.
Q.What property type and architectural style is 308 Lester Street, Unit 511, Waterloo, ON ?
308 Lester Street, Unit 511, Waterloo, ON is a Condo Apartment (Apartment) featuring a None basement.
Q.What key property features does 308 Lester Street, Unit 511, Waterloo, ON offer?
Key property features include: School.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.What security features are installed at 308 Lester Street, Unit 511, Waterloo, ON ?
Security features include: Carbon Monoxide Detectors, Smoke Detector.
Q.Is parking available at this property?
Yes, this property offers parking space for 0.0 vehicle (Surface).
Q.What heating and cooling systems are installed?
Heating is provided via Other and cooling via Central Air.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Waterloo, Waterloo
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 308 Lester Street 511, Waterloo, ON N2L 3W7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Waterloo, ON
For a property listed at $285,000 in Waterloo, the legal minimum down payment is $14,250 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $2,750 for this transaction. As this listing is in Waterloo (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,750.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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