202 - 280 LESTER Street
Waterloo, Ontario
2 bed • 1 bath • Single Family
Welcome to 280 Lester Street, where location, layout, and lifestyle come together in the heart of Waterloo’s University District. This premium fully furnished 1 BEDROOM + DEN unit offers an exceptional opportunity for students, young professionals, parents investing for their children, or investors looking for a turnkey property in one of Waterloo’s most sought-after locations. Freshly painted in 2025 and already vacant for immediate possession, this bright and spacious unit stands out with its larger floor plan and two oversized balconies, creating rare additional outdoor living space perfect for studying, entertaining, or relaxing after a long day. Just minutes from the University of Waterloo and within walking distance to Wilfrid Laurier University, this location offers unbeatable convenience with nearby restaurants, shopping, transit, parks, and everyday amenities all at your doorstep. Move-in ready and designed for easy living, this is an ideal opportunity to own in one of Waterloo’s most established and high-demand university communities.
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 School1.1 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
- MacGregor Public School1 km
Public · Waterloo Region DSB · 510 students
- Winston Churchill Public School1.1 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- Cedarbrae Public School1.8 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
- 1,024
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,024 recorded sales of single family properties in Waterloo over the last 12 months.
Location
Mortgage Calculator
$72,000
Estimated Monthly Payment
$1,769
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,769/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $90/mo
Estimates only. Consult a financial advisor.
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