#511 308 Lester Street, Waterloo - Single Family for Sale
#511 308 Lester Street, Waterloo, Ontario, N2L3W7
1 bed1 bath0 parking250 ft²$319/mo condo feeListed 58 days ago
Overview
This 1-bedroom, 1-bathroom condo in Waterloo is for sale offering roughly 250 sq ft of space. Listed at $285,000, it is attractively priced about 34% below the $429,900 median asking price in Waterloo. It has been on the market 58 days, fresher than the Waterloo average of 67 days.
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. (id:66096)
Property Details
MLS®
X13751246
Property Type
Single Family
Zoning
RN-8
Bedrooms
1
Beds (above / below)
1 above · 0 below
Bathrooms
1
Parking
0
Interior Size
250 ft²
Basement
None
Heating
Forced air, Other
Cooling
Central air conditioning
Garage
No Garage
Condo Fee
$319/mo
Fee Includes
Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership
Condo/Strata
Property Tax
$2,520.78/yr
Listed
58 days ago
Rooms
Main level
Kitchen
1.63 x 3.15 meters
Dining room
1.55 x 1.63 meters
Living room
3.61 x 4.17 meters
Primary Bedroom
2.41 x 3.18 meters
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features
Appliances
Furniture
Exterior
Concrete, Brick
Lot Features
Balcony, In suite Laundry
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
58d
Waterloo listings, avg age
67d
Price / ft²
$1,142
List price
$285K
Long Listed: 58 days on market, against an average age of 67 days across the listings currently for sale in this city
Market timing · days on market0 → 67d avg age of current listings
Long Listed · day 58
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 58 days, which is 9 days fresher than the city average of 67. Act while there is still low competition.
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