$497,999

For sale

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#204 253 Lester Street, Waterloo - Single Family for Sale

#204 253 Lester Street, Waterloo, Ontario, N2L3W6

5 beds2 baths0 parking condo fee

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$419K

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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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$497,999

Waterloo

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Description

Calling all investors, MOTIVATED SELLER! An Exceptional Investment Opportunity Awaits! This Fully Furnished Property, Just Minutes From The University Of Waterloo And Wilfred Laurier University, Features 5 Spacious Bedrooms And 2 Full Bathrooms, With A Large Common Area Including L Shaped kitchen And Spacious Bright Living Room. Walking Distance To Shopping, Restaurants, And Many Other Amenities. Buyer to assume the property management service agreement and have the option to Opt out at the end of the term. (id:66096)

Property Details

MLS®: X13126804
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
Garage: No Garage
Condo Fee: $802/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,920/yr
Listed: 175 days ago

Rooms

Flat

Dining room: 2.92 x 2.82 meters
Living room: 8.47 x 3.43 meters
Kitchen: 8.4 x 3.43 meters
Bedroom: 4.59 x 2.42 meters
Bedroom 2: 3.95 x 2.69 meters
Bedroom 3: 3.95 x 2.69 meters
Bedroom 4: 3.59 x 2.67 meters
Bedroom 5: 3.59 x 2.67 meters

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

Market Timing

Days on market

175d

Waterloo listings, avg age

67d

List price

$498K

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.

Area context

Neighbourhood profile (N2L)

This home lists at $497,999, about 7.2× the local median household income of $69,500.

Carrying it typically needs a household income of about $97,277 (20% down, 25-yr amortization, stress-tested) — roughly 40% 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)

$497,999

For sale

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Full Cost Breakdown

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Down Payment5% · $24,899.95

Min 5%50%

Mortgage payment$2,623/mo

↳ CMHC premium ($18,924 capitalized)

Property tax (est.)$327/mo

Condo fee$802/mo

Total monthly$3,752

Cash Needed to Close

Down payment (5%)$24,900

Land transfer tax$6,435

Est. closing costs$3,994

Total cash needed$35,329

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

#204 253 Lester Street, Waterloo - Single Family for Sale

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Description

Property Details

Rooms

Features

Market Timing

Location

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Neighbourhood profile (N2L)

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