Condo for sale at 511-308 Lester Street, Waterloo, Ontario, N2L 3W7 - MLS: X13751246

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511-308 Lester Street

Waterloo, Ontario, N2L 3W7 -

$285,000

Neighbourhood
Major Intersection

Lester Street and Hickory Street West

Listed Since: 3 day(s)
Last update: today

Overview

Property Type

Condo Apt, Apartment
Bedrooms

1
Bathrooms

1
Square Feet

0-499
Exposure

West
Total Parking

n/a
Maintenance

$319
Taxes

$2,520.78 (2026)
Balcony

Open

Property Description

Property description for 511-308 Lester Street, Waterloo

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.

Listed by CITYSCAPE REAL ESTATE LTD.

Property details

MLS #

X13751246
Sq. Ft

0-499
Sq. Ft. Source

MLS
Year Built

6-10
Basement

None
View

n/a
Garage

Surface
Parking Type

None
Locker

None
Pets Permitted

Yes-with Restrictions
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

Main
Building Amenities

Bike Storage,Exercise Room,Rooftop Deck/Garden,Visitor Parking
Maintenance Fee Includes

Heat, Parking, Water
Property Management

Wilson Blanchard
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

N

MLS #

X13751246
Sq. Ft

0-499
Sq. Ft. Source

MLS
Year Built

6-10
Basement

None
View

n/a
Garage

Surface
Parking Type

None
Locker

None
Pets Permitted

Yes-with Restrictions
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

Main
Building Amenities

Bike Storage,Exercise Room,Rooftop Deck/Garden,Visitor Parking
Maintenance Fee Includes

Heat, Parking, Water
Property Management

Wilson Blanchard
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

N

Kitchen

1.63 x 3.15 ft Main level
Dining

1.55 x 1.63 ft Main level
Living

3.61 x 4.17 ft Main level
Primary

2.41 x 3.18 ft Main level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Local Real Estate Price Trends for Condo Apt in Waterloo

Active listings

173

Historical Average Selling Price of a Condo Apt in

Average Selling Price

3 years ago

$505,764

Average Selling Price

5 years ago

$442,469

Average Selling Price

10 years ago

$264,450

Change

-12%

Change

69%

How many days Condo Apt takes to sell (DOM)

August 2026

Last 3 Months

Last 12 Months

August 2025

Last 3 Months LY

Last 12 Months LY

Change

36%

Change

15%

Average Selling price

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

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Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.