406 - 308 LESTER Street
Waterloo, Ontario
1 bed • 1 bath • Single Family
Turn-key investment or the perfect starter condo in the heart of Waterloo's University District! Unit 406 is 465sqft and offers a bright 1 bedroom, 1 bathroom layout. Upgraded finishes are ready for it's next owner, with a modern kitchen that has granite countertops, stainless steel appliances , in suite laundry, carpet free flooring and a private balcony. The building is a quick walk to University of Waterloo and Laurier, which shows consistently strong rental demand, the LRT, restaurants and everyday amenities. Low-maintenance living in a professionally managed building makes for the perfect hands-off ownership. Maintenance fees currently include high-speed internet.
Price History
Schools
Secondary
- Waterloo Collegiate Institute0.6 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School1 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Bluevale Collegiate Institute2.9 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Elementary
- Winston Churchill Public School1 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- MacGregor Public School1.1 km
Public · Waterloo Region DSB · 510 students
- Cedarbrae Public School1.7 km
Public · Waterloo Region DSB · 240 students
Grade 3 reading: 21% met the provincial standard · Grade 6 math: 14% 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 N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
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 Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,033
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,033 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$63,000
Estimated Monthly Payment
$1,548
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,548/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $79/mo
Estimates only. Consult a financial advisor.
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