Salehian.com 647-325-5000

308 Lester Street 511

Waterloo, N2L 3W7 · More in this building

$285,000

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  • 1 bedrooms
  • 1 bathrooms
  • 0 parking
  • 0-499 sq ft

Listed 42 days ago · MLS® X13751246

About this home

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.

Details

Type
Condo Apartment
Style
Apartment
Age
6-10 years
Size
0-499 sq ft
Basement
None
Garage
Surface
Kitchens
1
Property tax
$2,521 (2026)
Maintenance fee
$319/month
Municipality
Waterloo
Price per sq ft
~$571 (9% above condo apartments in Waterloo, $523)
Fee per sq ft
$0.64/month

Interior

Bedrooms
1 above ground
Bathrooms
1 × 4-piece (main)
Rooms
4 above ground
Family room or den
No
Fireplace
No
Laundry
In-Suite Laundry, Ensuite

Heating, cooling and services

Heating
Forced Air
Air conditioning
Central Air

Building and exterior

Style
Apartment
Exterior
Brick, Concrete
Age
6-10 years

Parking

Driveway and parking
Surface

Condo

Building
Sage Platinum II
Monthly fee
$319
Fee includes
CAC Included, Common Elements Included, Heat Included, Building Insurance Included, Parking Included, Water Included
Amenities
Bike Storage, Exercise Room, Rooftop Deck/Garden, Visitor Parking
Balcony
Open
Exposure
West
Pets
Yes-with Restrictions
Security
Carbon Monoxide Detectors, Smoke Detector
Property manager
Wilson Blanchard

More

Possession
Flexible
Nearby
School
Cross street
Lester Street and Hickory Street West

Rooms

RoomLevelSizeFeatures
KitchenMain1.63 × 3.15 m (5'4" × 10'4")
Dining RoomMain1.55 × 1.63 m (5'1" × 5'4")
Living RoomMain3.61 × 4.17 m (11'10" × 13'8")
Primary BedroomMain2.41 × 3.18 m (7'11" × 10'5")

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 University of Waterloo LRT8 min walk
  • 🚇 Laurier - Waterloo Park LRT13 min walk

Within a 10-minute walk: 3 grocery stores, 105 cafés and restaurants, 7 parks, 3 pharmacies. Nearest grocery: Rong Natural Food Store (0 m). Nearest park: Sunview park (100 m).

Schools nearby

Elementary

  • Winston Churchill Public School
    EQAO: Gr 6 reading 88%, math 56%    17 min walk
  • Cedarbrae Public School
    EQAO: Gr 6 reading 76%, math 14%    1.8 km
  • Keatsway Public School
    EQAO: Gr 6 reading 84%, math 50%    2.0 km
  • Our Lady of Lourdes Catholic Elementary School Catholic
    EQAO: Gr 6 reading 83%, math 45%    2.0 km

Secondary

  • Waterloo Collegiate Institute
    EQAO: Gr 9 math 57%, literacy test 85%    10 min walk
  • St. David Catholic Secondary School Catholic
    EQAO: Gr 9 math 67%, literacy test 97%    15 min walk
  • MacGregor Public School17 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N2L

Owners / renters
37% / 63%
Median household income
$69,500
Average age
37
Children under 15
11%
Homes
29% detached, 40% high-rise
Commute by transit
12%
Population
37,953

Languages spoken most at home besides English: Mandarin 5.5%, Arabic 1.4%, Hindi 0.9%, Punjabi (Panjabi) 0.9%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 4 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by CITYSCAPE REAL ESTATE LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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