For Sale
308 Lester Street 406 #406
Waterloo, ON
$315,000
1Bd
1Ba
250+sqft
0Parking
$1260/sqft
CondoMLS# X12726128Listed 2026-01-23137 DOM
Heating
Separate Heating Controls
Cooling
Central Air
On the market for 137 days — longer than average. The seller may be open to negotiation.
About this home
Turn-key investment or the perfect starter condo in the heart of Waterloo's University District! Unit 406 is 465sqft and offers a bright 1 bedroom, 1 bathroom layout. Upgraded finishes are ready for it's next owner, with a modern kitchen that has granite countertops, stainless steel appliances , in suite laundry, carpet free flooring and a private balcony. The building is a quick walk to University of Waterloo and Laurier, which shows consistently strong rental demand, the LRT, restaurants and everyday amenities. Low-maintenance living in a professionally managed building makes for the perfect hands-off ownership. Maintenance fees currently include high-speed internet.
Rooms
Other
| Living Room | 0.00 × 0.00 m | |
| Dining Room | 0.00 × 0.00 m | |
| Kitchen | 0.00 × 0.00 m | |
| Bedroom | 0.00 × 0.00 m |
Features
- Separate Heating Controls
- None
- Central Air
- 1 Storey/Apt
Financials
Annual Taxes
$2,416.98
Estimated Rental Income
Entire property$2,100 – $2,800/mo
Rental yield8.0% – 10.7%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Waterloo
Days on market137 days
Buyer's MarketSeller's Market
Based on active listings in Waterloo. Data updates daily.
Our estimate for this home
Estimated range
$134K – $156K
Mid-point $145K · ~$580/sqft
How this listing compares
$134KList · $315K$156K
High confidence·Based on 203 waterloo comparables
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
77
/ 100
Walk Score
Very Walkable
54
/ 100
Transit Score
Good Transit
42
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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