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Property Type: Condo / ApartmentOwnership: CondominiumNEW LISTING
308 LESTER Street Unit# 619
Waterloo, ON N2L3W6
MLS® 40874244
79
Walk Score
70
Transit
92
Bike
$229,999
1 bed1 bath1 parking459 sqft
79
Walk Score
70
Transit
92
Bike
Amenities
Gym
Property Details
Property & Lot
- Sub-type
- Apartment
- Style
- Other
- Stories
- 5
GR
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Condominium
- Condo / maintenance fee
- $440/mo
- Annual property tax
- $2,721.29
Interior
- Basement
- None
- Heating
- Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | — |
| Kitchen | Main level | 11'4'' x 13'8'' |
| Living room | Main level | 11'5'' x 13'8'' |
| Bedroom | Main level | 7'10'' x 10'9'' |
Description
Client Remarks Located in the heart of Waterloo's high demand university community, this sleek 1 bedroom, 1 bathroom condo at 308 Lester St. offers an exceptional blend of modern style and convenience. The apartment features laminate flooring, floor to ceiling windows, in-suite laundry, and a kitchen equipped with stainless steel appliances, granite countertop, and contemporary cabinetry. The spacious bedroom includes ample closet storage, while the private balcony delivers quiet city views. The suite comes with a rare covered parking spot, making it one of the few units in the building to offer protected parking. Residents also enjoy great building amenities, including a rooftop terrace with city views, a fitness center, party and media rooms, lounge spaces, bike storage, a BBQ area, and visitor parking. Situated just steps from Wilfrid Laurier University and the University of Waterloo, as well as the ION LRT, GO Transit, parks, shopping, and dining, this property is a standout choice for students, young professionals, and savvy investors seeking strong rental yield in a professionally managed building. (id:63161)
Listing Information
- MLS®
- 40874244
- Data last synced
- October 28, 2026
Royal Lepage Flower City Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Royal Lepage Flower City Realty
MLS® Number: 40874244
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
$501/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% ($11,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$183,999.00
Periodic payment — Principal & Interest (monthly)$1,187.10
Additional monthly expenses (condo fees, tax, utilities, etc.)$689.92
Total monthly cost$1,877.02
Interest paid over 5-yr term$52,734.64
Balance at end of term$165,507.70
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$11,500
Stress test qualifying rate8.19%
Payment you must qualify for$1,694.19
Cash Needed at Closing
Minimum down payment$11,500
Estimated Land Transfer Tax (LTT)$2,025
Legal / closing costs (typical estimate)$1,500
Total cash needed$15,025
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.
