504 - 2 LANCASTER Street
Kitchener, Ontario
3 bed • 2 bath • Single Family
Strong value and rarity! Welcome to 2 Lancaster Street East, Suite 504 - an expansive corner suite in the boutique-style Queen’s Heights condominium, offering one of the largest listed two-bedroom layouts in Waterloo Region. With over 1,800 sq. ft. of living space, this residence combines strong value, rarity, and sophistication in an unbeatable downtown location. Floor-to-ceiling windows flood the unit with natural light, while a wrap-around balcony offers panoramic city views and an ideal setting for morning coffee or evening sunsets. The oversized primary suite features a walk-in closet and spa-sized ensuite, complemented by a spacious second bedroom and glassed-in den that’s perfect for a home office or reading nook. Every detail has been designed for comfort and convenience, including in-suite laundry, an oversized parking space, and an adjoining powered storage locker (17.5' x 8.5' x 8'9). The building itself is a boutique gem - known for its quiet atmosphere, exceptional management, accessibility and low turnover. Residents enjoy access to guest suites, a fitness centre, party room, soft water car wash, and a rooftop terrace with BBQs. Steps from Centre in the Square, the Kitchener Public Library, and the Downtown Farmers Market, this property offers the perfect balance of space, privacy, and urban living. If you’re seeking a rare corner unit in a low-supply, highly regarded building, this is a truly exceptional opportunity.
Price History
Schools
Elementary
- Suddaby Public School0.6 km
Public · Waterloo Region DSB · 505 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 58% met the provincial standard
- Margaret Avenue Public School0.7 km
Public · Waterloo Region DSB · 310 students
- St Anne Catholic Elementary School1.2 km
Catholic · Waterloo CDSB · 750 students
Grade 3 reading: 68% met the provincial standard · Grade 6 math: 45% met the provincial standard
Secondary
- Cameron Heights Collegiate Institute1.5 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Rosemount - U Turn School2 km
Public · Waterloo Region DSB
- Kitchener Waterloo Collegiate and Vocational School2.2 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2H
- Population
- 22,456
- Private dwellings
- 11,453
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $73,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,928
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,928 recorded sales of single family properties in Kitchener over the last 12 months.
Location
Street View
Mortgage Calculator
$134,980
Estimated Monthly Payment
$3,316
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,316/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $169/mo
Estimates only. Consult a financial advisor.
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