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Property Type: Condo / ApartmentOwnership: Condominium
246 LESTER Street Unit# 1107
Waterloo, ON N2L3W5
MLS® 40851140
$489,000
2 bed2 bath612 sqft
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 12
NMU12
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $363/mo
- Annual property tax
- $2,706.98
Interior
- Basement
- None
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | — |
| 3pc Bathroom | Main level | — |
| 3pc Bathroom | Main level | — |
| Bedroom | Main level | 6'0'' x 10'0'' |
| Primary Bedroom | Main level | 9'0'' x 11'0'' |
| Kitchen | Main level | 9'0'' x 16'0'' |
| Living room | Main level | 9'0'' x 8'0'' |
Description
Prime Waterloo Location — Steps to UW & WLU. An opportunity you simply don’t want to miss! This exceptionally well-maintained 2 bedroom, 2-bathroom condo offers a breathtaking views and abundant natural sunlight from the balcony. Featuring approximately 9-foot ceilings, an open-concept layout, and a modern kitchen, this home is ideal for students, young professionals, or investors. PROPERTY HIGHLIGHTS: 2Bedroom, 2 Full bath room;Approximately 9-Foot Ceilings;Open-Concept Living & Dining Area; Private Balcony with Beautiful Views & Plenty of sunshine ; In-Suite Laundry; MODERN KITCHEN;Open-concept design;Modern cabinetry;Quartz countertops;Stainless steel appliances. BUILDING AMENITIES: Party Room;Rooftop Terrace; Study Room;Exercise Room;Visitor Parking; Security System in Common Areas UNBEATABLE LOCATION: 5-minute walk to the University of Waterloo;Steps to Wilfrid Laurier University;Close to Plaza & Supermarket;Surrounded by Restaurants, Shops & Daily Amenities; Convenient Public Transit Access A PERFECT OPPORTUNITY FOR STUDENTS, PROFESSIONALS & INVESTORS! Don’t miss your chance to own or rent this exceptional unit in one of Waterloo’s most desirable locations! (id:63159)
Listing Information
- MLS®
- 40851140
- Data last synced
- September 15, 2026
Royal LePage Peaceland Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Peaceland Realty
MLS® Number: 40851140
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
$799/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$501/sqft
51 active listing(s)
Parking: Not indicatedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
126,356
(2021 Census)
+15.5% since 2016
Density:
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$391,200.00
Periodic payment — Principal & Interest (monthly)$2,523.89
Additional monthly expenses (condo fees, tax, utilities, etc.)$619.90
Total monthly cost$3,143.79
Interest paid over 5-yr term$112,119.04
Balance at end of term$351,885.67
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$24,450
Stress test qualifying rate8.19%
Payment you must qualify for$3,602.00
Cash Needed at Closing
Minimum down payment$24,450
Estimated Land Transfer Tax (LTT)$6,255
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,205
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
