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Property Type: Condo / ApartmentOwnership: Condominium
308 LESTER Street Unit# 604
Waterloo, ON N2L3W6
MLS® 40828849
$329,000
1 bed1 bath499 sqftBuilt 2018
Amenities
Gym
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 1
- Frontage
- 0 feet
GR
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $316/mo
- Annual property tax
- $2,416.98
Maintenance Fee Includes
Management
Also included: Common Area Maintenance, Insurance
Interior
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 11'5'' x 14'7'' |
| Bedroom | Main level | 9'4'' x 8'6'' |
| 4pc Bathroom | Main level | — |
| Kitchen | Main level | 5'7'' x 10'0'' |
Description
Beautiful Platinum II condo unit — the perfect size for both relaxing and studying! Featuring upscale finishes, including easy-care granite countertops and laminate flooring throughout. Functional layout with a spacious bedroom and bathroom, plus an ensuite laundry with newly replaced washer and dryer. Bright living area walks out to an open balcony. Building amenities include fiber-optic internet, an on-site fitness facility, a social lounge, and a rooftop terrace. Maintenance fees cover everything except water and hydro. Conveniently located just minutes to the University of Waterloo, Wilfrid Laurier University, public transit, parks, shopping, and many other amenities. Existing furniture and window coverings are included. Move-in ready condition! (id:63159)
Listing Information
- MLS®
- 40828849
- Data last synced
- September 15, 2026
Royal LePage Peaceland Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal LePage Peaceland Realty
MLS® Number: 40828849
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
$659/sqft
Building average
—
No other active listings in this building
417 - Beechwood/University average
$505/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% ($16,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$263,200.00
Periodic payment — Principal & Interest (monthly)$1,698.08
Additional monthly expenses (condo fees, tax, utilities, etc.)$541.97
Total monthly cost$2,240.04
Interest paid over 5-yr term$75,433.88
Balance at end of term$236,749.25
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$16,450
Stress test qualifying rate8.19%
Payment you must qualify for$2,423.43
Cash Needed at Closing
Minimum down payment$16,450
Estimated Land Transfer Tax (LTT)$3,410
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,360
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.
