$ 285,000
511 - 308 Lester Street
Kitchen - 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 1
31 Photos
Dining room - 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 2
Living room - 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 3
511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 6 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 7 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 8 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 9 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 10 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 11 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 12 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 13 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 14 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 15 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 16 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 17 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 18 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 19 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 20 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 21 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 22 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 23 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 24 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 25 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 26 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 27 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 28 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 29 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 30 511 - 308 Lester Street, Waterloo, ON N2L3W7 Photo 31

511 - 308 Lester Street, Waterloo

Welcome to a prime parent-owner opportunity in Waterloo's coveted university district. This stylish 1-bedroom, 1-bathroom condo is perfectly positioned for families planning ahead: currently tenanted until August 27, 2027, it offers immediate rental income while you prepare for your child's arrival at the UW or WLU in September 2027. Start collecting rent now, then transitioning seamlessly to a safe, modern, independent living space for your child next September - all while building equity in one of Ontario's most resilient real estate markets. Located just a 10-minute walk from both UW and WLU lecture halls and steps from the UW LRT Station, this unit eliminates commute stress and places your child at the heart of campus life. Inside, enjoy premium finishes including granite countertops, stainless-steel appliances, in-suite laundry, high ceilings, modern neutral tones, laminate flooring throughout, a spacious bedroom with large closet, and a private balcony with great views. Building amenities are designed for student success and comfort, with the included fibre-optic internet service, on-site fitness facility, social lounge, rooftop terrace, secure bike storage, and professional on-site management. Low condo fees cover most essentials (all except hydro), and the unit comes fully furnished - including all appliances, window coverings, and furniture - making it truly turnkey. Lock in today's price, avoid the uncertainty of unreliable roommates or subpar rentals, and give your child a clean, modern, and secured environment where they can thrive academically. With parks, shopping, dining, and transit all within walking distance, this unit delivers everything a student needs, and everything a parent wants. Don't miss this rare chance to safeguard your child's future and your family's financial advantage in one of Waterloo's highest-demand student housing markets. This isn't just an investment; it's a smart family strategy. (id:1945)
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Property details for 511 - 308 Lester Street, Waterloo

Type
Apartment
Bedrooms
1
Bathrooms
1
Basement
None
Parking
No Garage
Heating
Forced air, Other
Cooling
Central air conditioning
Exterior
Concrete, Brick
Ownership
Condo/Strata
Annual Taxes
$2,521 (2026)
Condo Fee
$319 / Monthly

Nearby Listings Stat

Estimated price and comparable properties near 511 - 308 Lester Street

Active Listings
29
Min Price
$209,900
Max Price
$425,000
Avg Price
$329,469
Days on Market
97
days
Sold Listings
11
Min Sold Price
$278,000
Max Sold Price
$519,900
Avg Sold Price
$364,235
Days until Sold
109
days

Neighbourhood Census Data

Waterloo, Ontario

Population
1,024
Median Age
21.5
Median Income
$7,755

Housing Tenure

Renters 95%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.4
Pop. Density: 2,596.3/km²
Owners with Mortgage: 0%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 77%
English only: 95.1%
English and French: 4.9%
Median Household Income: $17,280
Median Employment Income: $10,841

Price History

Listed
September 8, 2026
by CITYSCAPE REAL ESTATE LTD.
Current Price
$285,000
Type
Apartment
For Sale
511 - 308 Lester Street

Contact Agent Get in touch about 511 - 308 Lester Street, Waterloo

JAY CHAN
CITYSCAPE REAL ESTATE LTD.

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