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Property Type: Condo / ApartmentOwnership: Condominium
280 LESTER Street Unit# 404
Waterloo, ON N2L0G2
MLS® 40872799
79
Walk Score
70
Transit
92
Bike
$385,000
2 bed1 bath1 parking740 sqft
79
Walk Score
70
Transit
92
Bike
Amenities
Gym
Also listed: Party Room
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 1
RN-8
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $508/mo
- Annual property tax
- $4,124
Maintenance Fee Includes
WaterManagementHeat
Also included: Landscaping, Insurance, Parking, Residential Manager
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Kitchen/Dining room | Main level | 9'9'' x 14'2'' |
| Living room | Main level | 7'5'' x 9'8'' |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 8'7'' x 12'1'' |
| Primary Bedroom | Main level | 9'7'' x 13'8'' |
| Foyer | Main level | 6'8'' x 7'5'' |
Description
Rare opportunity to own a beautifully upgraded 740 sqft furnished condo, just a short walk from Wilfrid Laurier University, the University of Waterloo and Conestoga College. Freshly painted throughout and outfitted with brand new laminate flooring, this move in ready partially furnished unit shows better than ever. The open concept layout features a contemporary kitchen with granite countertops, stainless steel appliances, and generous storage, making it perfect for everyday living or entertaining. The unit offers 2 spacious bedrooms, a private ENSUITE LAUNDRY, and 1 OWNED underground parking space. The living room opens onto a charming Juliet balcony, but the real showstopper is the rare 10x30ft PRIVATE TERRACE, a true one of-a-kind outdoor space rarely found in condo living ideal for lounging, entertaining, or simply enjoying the fresh air right outside your door. Whether you're a student, a parent looking to secure housing before the fall semester, or an investor seeking a high-demand rental location, this condo checks every box! (id:63161)
Listing Information
- MLS®
- 40872799
- Data last synced
- October 21, 2026
Royal LePage Wolle Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Wolle Realty
MLS® Number: 40872799
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
$520/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$509/sqft
51 active listing(s)
Parking: 1 stall(s) includedStorage 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% ($19,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$308,000.00
Periodic payment — Principal & Interest (monthly)$1,987.11
Additional monthly expenses (condo fees, tax, utilities, etc.)$888.86
Total monthly cost$2,875.97
Interest paid over 5-yr term$88,273.69
Balance at end of term$277,047.00
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$19,250
Stress test qualifying rate8.19%
Payment you must qualify for$2,835.93
Cash Needed at Closing
Minimum down payment$19,250
Estimated Land Transfer Tax (LTT)$4,250
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,000
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.
