511 - 308 Lester Street, Waterloo, ON N2L 3W7
Waterloo · Near Lester Street and Hickory Street West · View map
About this home
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.
The home
- Type
- Condo apartment
- Style
- Apartment
- Square footage
- 0-499 sq ft
- Bedrooms
- 1
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 4
- Basement
- None
- Faces
- West
- Level
- 5
- Balcony
- Open
- Laundry
- In-Suite Laundry
- Approximate age
- 6-10 years
Ownership & fees
- Ownership
- Condominium
- Maintenance fee
- $319.08/mo
- Fee includes
- CAC, Common Elements, Heat, Building Insurance, Parking, Water
- Complex
- Sage Platinum II
- Property management
- Wilson Blanchard
- Pets
- Allowed, with restrictions
- Security
- Carbon Monoxide Detectors, Smoke Detector
- Exterior
- Brick, Concrete
Heating & cooling
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Surface
- Total parking
- None
- Parking features
- Surface
Taxes & other
- Property taxes
- $2,521/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Lester Street and Hickory Street West
More
- Price per sq ft
- ~$1,140 (at 250 sq ft)
- MLS® number
- X13751246
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The home and its surroundings
- School
Included in the maintenance fee
- CAC
- Common Elements
- Heat
- Building Insurance
- Parking
- Water
Shared in the complex
- Bike Storage
- Exercise Room
- Rooftop Deck/Garden
- Visitor Parking
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
308 Lester Street, Waterloo, ON N2L 3W7
Waterloo · Near Lester Street and Hickory Street West
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Listing history for 308 Lester Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 511 - 308 Lester Street
Answers come straight from this home’s MLS® listing.
How much is 511 - 308 Lester Street listed for, and what would it cost each month?
511 - 308 Lester Street is listed for $285,000. With 20% down ($57,000), the mortgage payment would be roughly $1,150 a month at 4.5% over 30 years. Add property tax and the maintenance fee and the estimate comes to about $1,679 a month, all in. That figure is an illustration, not a quote.
Is 511 - 308 Lester Street freehold or a condo, and is there a monthly fee?
511 - 308 Lester Street is a condo apartment in Waterloo. Ownership is condominium: you own the unit and a condo corporation looks after the common elements. The maintenance fee is $319.08 a month. The listing says it covers cac, common elements, heat, building insurance, parking, water. Fees can change, so confirm the current amount in the status certificate.
How many bedrooms and bathrooms does 511 - 308 Lester Street have?
511 - 308 Lester Street has 1 bedroom and 1 bathroom.
Does 511 - 308 Lester Street have a garage and parking?
Yes. The listing shows the garage as surface. The listing does not include a parking space.
Does 511 - 308 Lester Street have a finished basement?
No. The listing shows no basement for this home.
What style of home is 511 - 308 Lester Street?
511 - 308 Lester Street is a condo apartment. A condo is a unit you own in a building or complex, with the common areas shared and paid for through a monthly fee.
How big is 511 - 308 Lester Street?
The listing puts the home between 0 and 499 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 511 - 308 Lester Street heated and cooled?
Heating is forced air. Cooling is central air.
What are the property taxes for 511 - 308 Lester Street?
Property taxes are $2,521 a year (2026), or about $210 a month.
Are pets allowed at 511 - 308 Lester Street?
Pets are allowed, with restrictions. A condo corporation can limit the size, number or type of pet, so check the condo corporation’s rules before you offer.
Where is 511 - 308 Lester Street?
511 - 308 Lester Street is in Waterloo. The nearest main intersection is Lester Street and Hickory Street West. The postal code is N2L 3W7.
Is 511 - 308 Lester Street still for sale?
Yes. It is an active listing (MLS® X13751246). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 511 - 308 Lester Street asking?
Similar properties for sale nearby right now include 107 - 308 Lester Street at $399,888, 619 - 308 Lester Street W at $299,999 (1 bed) and 210 - 280 Lester Street at $349,000 (1+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 308 Lester Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 511 - 308 Lester Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
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Condo apartment$349,000210 - 280 Lester Street, Waterloo1+1 bed · 2 bathCourtesy of: HOMELIFE LANDMARK RH REALTYView home →Courtesy of: CITYSCAPE REAL ESTATE LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax and the maintenance fee. For illustration only.