$299,999

For sale

#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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$299,999

Waterloo

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Overview

This 1-bedroom, 1-bathroom condo in Waterloo is for sale offering roughly 250 sq ft of space. Listed at $299,999, it is attractively priced about 30% below the $429,900 median asking price in Waterloo. It has been on the market 9 days, fresher than the Waterloo average of 67 days.

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

Description

Located in the heart of Waterloo's high demand university community, this sleek 1 bedroom, 1 bathroom condo at 308 Lester St. offers an exceptional blend of modern style and convenience. The apartment features laminate flooring, floor to ceiling windows, in-suite laundry, and a kitchen equipped with stainless steel appliances, granite countertop, and contemporary cabinetry. The spacious bedroom includes ample closet storage, while the private balcony delivers quiet city views. The suite comes with a rare covered parking spot, making it one of the few units in the building to offer protected parking. Residents also enjoy great building amenities, including a rooftop terrace with city views, a fitness center, party and media rooms, lounge spaces, bike storage, a BBQ area, and visitor parking. Situated just steps from Wilfrid Laurier University and the University of Waterloo, as well as the ION LRT, GO Transit, parks, shopping, and dining, this property is a standout choice for students, young professionals, and savvy investors seeking strong rental yield in a professionally managed building. (id:66096)

Property Details

MLS®: X14116142
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Carport, Covered
Condo Fee: $440/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,721.29/yr
Listed: 9 days ago

Market Timing

Days on market

Waterloo listings, avg age

67d

Price / ft²

$1,202

List price

$300K

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 $299,999, about 4.3× the local median household income of $69,500.

Carrying it typically needs a household income of about $58,600 (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)

$299,999· $1,202/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,999.95

Min 5%50%

Mortgage payment$1,580/mo

↳ CMHC premium ($11,400 capitalized)

Property tax (est.)$227/mo

Condo fee$440/mo

Total monthly$2,247

Cash Needed to Close

Down payment (5%)$15,000

Land transfer tax$2,975

Est. closing costs$3,400

Total cash needed$21,375

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

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#619 308 Lester Street West, Waterloo - Single Family for Sale

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