#306 384 ERB Street West, Waterloo, Ontario, N2L1W6

For saleJust listed

Today

$375K

#306 384 ERB Street West, Waterloo, Ontario, N2L1W6

2 bd1 ba1 pk1,076 ft²+$925/mo

Listed by RED AND WHITE REALTY INC.

#802 191 KING Street South, Waterloo, Ontario, N2J1R1

For saleJust listed

Today

$419K

#802 191 KING Street South, Waterloo, Ontario, N2J1R1

1 bd2 ba1 pk701 ft²+$482/mo

Listed by Re/Max Real Estate Centre Inc.

#3 641 ALBERT Street, Waterloo, Ontario, N2L3V5

For saleJust listed

Yesterday

$300K

#3 641 ALBERT Street, Waterloo, Ontario, N2L3V5

4 bd2 ba1 pk1,087 ft²+$317/mo

Listed by Royal LePage Wolle Realty

#510 312 Erb Street West, Waterloo, Ontario, N2L0K9

For saleJust listed

Yesterday

$429K

#510 312 Erb Street West, Waterloo, Ontario, N2L0K9

1 bd1 ba1 pk550 ft²+$443/mo

Listed by CENTURY 21 MILLENNIUM INC.

Investment analysis

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$509,000

Waterloo

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$509,000

For sale

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#101 251 Lester Street, Waterloo - Single Family for Sale

#101 251 Lester Street, Waterloo, Ontario, N2L3W6

5 beds2 baths0 parking$802/mo condo feeListed 99 days ago

Overview

This 5-bedroom, 2-bathroom condo in Waterloo is for sale.

Condos for Sale in Waterloo →All real estate in Waterloo →

Description

Freshly Painted Entire Unit (Walls, Ceilings, Trim and Doors), All Six Brand NewRoller Blinds Installed & New Kitchen Countertop, & Professionally Cleaned.Exceptional investment opportunity in Waterloo's highly sought-after university area.This purpose-built condominium features 5 bedrooms and 2 full bathrooms, offering anattractive option for investors seeking strong rental income potential. Situatedwithin walking distance of both Wilfrid Laurier University and the University ofWaterloo, the property benefits from a location that consistently attracts studenttenants. The unit boasts a functional open-concept layout with a spacious livingarea, 5 well-proportioned bedrooms, and 2 full bathrooms. Included furnishingsprovide added convenience, while optional professional management services makeownership easy for investors looking for a low-maintenance rental property. Condofees cover heat and water, helping to simplify monthly expenses. Residents also enjoyaccess to building amenities such as parking, elevator service, and shared laundryfacilities. With nearby transit routes, shopping, dining, and everyday conveniences,this property offers both comfort and accessibility in one of Waterloo's strongestrental markets. (id:66096)

Property Details

MLS®: X13613582
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 0
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Ventilation system
Garage: No Garage
Condo Fee: $802/mo
Fee Includes: Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $400/yr
Listed: 99 days ago

Rooms

Main level

Living room: 2.89 x 2.81 meters
Dining room: 3.42 x 8.43 meters
Kitchen: 3.42 x 8.43 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Dishwasher, Stove, Hood Fan, Furniture
Exterior: Brick
Lot Features: Laundry- Coin operated

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

99d

Waterloo listings, avg age

67d

List price

$509K

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 5-bed single family in Waterloo is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE SIGNATURE REALTY · SUMIT TAGGAR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $509,000, about 7.3× the local median household income of $69,500.

Carrying it typically needs a household income of about $99,426 (20% down, 25-yr amortization, stress-tested) — roughly 43% above the area median.

Median household income: $69,500
Population: 37,953
Median age: 29.8
Owner / renter: 37% / 63%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N2L)

$509,000

For sale

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Full Cost Breakdown

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Down Payment5.09% · $25,900

Min 5.09%50%

Mortgage payment$2,678/mo

↳ CMHC premium ($19,324 capitalized)

Property tax (est.)$33/mo

Condo fee$802/mo

Total monthly$3,514

Cash Needed to Close

Down payment (5.09%)$25,900

Land transfer tax$6,655

Est. closing costs$4,027

Total cash needed$36,582

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice