$357,000

For saleJust listed

#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.

#514 247 Northfield Drive East, Waterloo, Ontario, N2K0H1

For saleJust listed

Yesterday

$299K

#514 247 Northfield Drive East, Waterloo, Ontario, N2K0H1

1 bd1 ba1 pk650 ft²+$521/mo

Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

#67 463 Beechwood Place, Waterloo, Ontario, N2T2N8

For saleJust listed

2 days ago

$380K

#67 463 Beechwood Place, Waterloo, Ontario, N2T2N8

2 bd2 ba1 pk950 ft²+$504/mo

Listed by CENTURY 21 PEOPLE'S CHOICE REALTY INC.

Investment analysis

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$357,000

Waterloo

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#418 280 LESTER Street, Waterloo - Single Family for Sale

#418 280 LESTER Street, Waterloo, Ontario, N2L3W5

1 bed1 bath550 ft²$415/mo condo feeListed 6 days ago

Overview

This 1-bedroom, 1-bathroom condo in Waterloo is for sale offering roughly 550 sq ft of space. Listed at $357,000, it is attractively priced about 17% below the $429,999 median asking price in Waterloo. It has been on the market 6 days, fresher than the Waterloo average of 67 days.

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

Description

Welcome to Sage V at 280 Lester Street! This furnished 1-bedroom, 1-bathroom condo offers an excellent opportunity for buyers looking to invest in Waterloo's sought-after university district. Featuring a functional open-concept layout, private balcony and in-suite laundry, the unit comes complete with furnishings and kitchen appliances, including refrigerator, stove, dishwasher and microwave. Ideally located within walking distance to the University of Waterloo and Wilfrid Laurier University, with convenient access to ION light rail, public transit, supermarkets, restaurants, shopping and other amenities. Residents enjoy building amenities including a fitness centre, rooftop terrace, media room and party room. An attractive option for parents looking to provide their university-bound children with a place to call home while building equity, or investors seeking a property in a prime student rental location. Also well suited for first-time buyers or young professionals looking to own in the heart of Waterloo. (id:66096)

Property Details

MLS®: 40874683
Property Type: Single Family
Zoning: GR
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Interior Size: 550 ft²
Year Built: 2017
Storeys: 1
Style: Other
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Underground, None
Condo Fee: $415/mo
Fee Includes: Heat, Water
Ownership: Condo/Strata
Property Tax: $3,014/yr
Listed: 6 days ago

Rooms

Main level

Primary Bedroom: 9'5'' x 15'0''
Kitchen: 8'1'' x 13'7''
Dining room: 8'1'' x 7'1''
Living room: 8'1'' x 7'1''
4pc Bathroom

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave Built-in
Exterior: Brick
Lot Features: Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Waterloo listings, avg age

67d

Price / ft²

$649

List price

$357K

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 1-bed single family in Waterloo has been listed for 6 days, which is 61 days fresher than the city average of 67. Act while there is still low competition.

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Listed by Corcoran Horizon Realty · NICK KLASSEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2L)

This home lists at $357,000, about 5.1× the local median household income of $69,500.

Carrying it typically needs a household income of about $69,735 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$357,000· $649/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,850

Min 5%50%

Mortgage payment$1,880/mo

↳ CMHC premium ($13,566 capitalized)

Property tax (est.)$251/mo

Condo fee$415/mo

Total monthly$2,546

Cash Needed to Close

Down payment (5%)$17,850

Land transfer tax$3,830

Est. closing costs$3,571

Total cash needed$25,251

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