703 - 280 Lester Street

Introducing an exceptional opportunity for both end users and investors alike: an apartment for sale in Waterloo that is rarely offered and fabulously maintained. Located at 280 Lester Street, Waterloo, this stunning condo apartment is situated just 2.3 kilometres away from the renowned University of Waterloo, making it an ideal choice for students, professionals, or anyone seeking a vibrant community atmosphere.

This well-appointed apartment for sale in Waterloo features three spacious bedrooms and three bathrooms, providing ample space for comfortable living. The layout consists of a total of six rooms, all designed with a modern touch. The absence of a den allows for a more open and fluid living space, perfect for those who appreciate a contemporary design. The apartment is unfurnished, allowing you to personalise the space to your own taste and style.

As you enter the apartment at 280 Lester Street, Waterloo, you will be greeted by a bright and airy atmosphere, thanks to its southeast exposure. The open-concept layout is accentuated by laminate wood flooring throughout, creating a seamless flow from room to room. The flat kitchen is a highlight of this property, featuring granite countertops, a centre island, and stainless steel appliances, making it a delight for those who enjoy cooking and entertaining.

For those who value convenience, this apartment for sale in Waterloo is equipped with central air conditioning, ensuring a comfortable environment year-round. While there is no family room, the spacious living areas provide plenty of room for relaxation and socialising. Additionally, the apartment does not feature a fireplace, but the modern amenities and stylish finishes more than compensate for this.

A standout feature of this property is the gym, which is conveniently located on the same floor as this unit, allowing residents to maintain an active lifestyle without having to leave the building. Furthermore, the apartment includes one underground garage space, ensuring secure parking for your vehicle, along with an additional parking space available.

Living at 280 Lester Street, Waterloo, means you are just steps away from the university campus, public transit, restaurants, parks, and a multitude of amenities. A beautiful park is located right beside the condo building, providing a serene space for relaxation and recreation. The view from the balcony of the master bedroom overlooks this lovely park, offering a tranquil retreat in the heart of the city.

This apartment for sale in Waterloo is not only a fantastic living space but also an excellent investment opportunity. With its proximity to top universities and the ease of renting or living in, it is a property that is sure to attract attention. The age of the building, between six to ten years, adds to its appeal, providing modern construction and design.

Moreover, the maintenance fee includes internet access, making it a hassle-free option for residents. The included appliances, such as the stainless steel fridge, stove, range hood, and built-in dishwasher, along with the stacked washer and dryer, ensure that you have everything you need for comfortable living.

In summary, this apartment for sale in Waterloo at 280 Lester Street, Waterloo, is a rare gem that combines modern living with convenience and investment potential. Don’t miss out on this opportunity to own a beautifully maintained condo unit in a prime location. Whether you are looking to invest or seeking a new home, this property is sure to meet your needs and exceed your expectations.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you’ll find Winston Churchill Public School (1.2 km), which offers elementary education from JK to grade 6 and boasts a commendable rating of 4.7. MacGregor Public School (1.0 km) provides grades 7 to 8, though it currently has no rating. For secondary education, Waterloo Collegiate Institute (0.7 km) serves grades 9 to 12 with a solid rating of 6.9. Keatsway Public School (1.9 km) offers a French-language curriculum for grades 1 to 6 and has a rating of 6.6. Additionally, Our Lady of Lourdes Catholic Elementary School (1.9 km) and St. David Catholic Secondary School (1.1 km) provide quality education with ratings of 6.3 and 7, respectively. For those interested in French-language education, Kitchener-Waterloo Collegiate and Vocational School (3.1 km) and Sir Edgar Bauer Catholic Elementary School (2.4 km) are also nearby. Overall, the area offers a diverse range of educational options, ensuring that children receive a quality education in both English and French.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 3,283 residents, characterized by a youthful demographic with an average age of 24.4 years. The average household size is two, and the community predominantly consists of single individuals, making up 87.69% of the population. The average household income is $40,320, with a significant portion, 47.9%, classified as low-income. Housing in the area is relatively high, with an average price of $480,000, and a notable 90.85% of residents are renters, primarily living in condominiums, which account for 80.72% of housing types. Families with children are a minority, representing only 8.33% of households. Additionally, the area has a diverse population, with 17.75% of residents being immigrants. Educational attainment is relatively high, with 54.09% of the population holding a college or university degree. However, a substantial 43.48% of the population is not in the labor force, indicating potential challenges in employment opportunities within the community. Overall, this demographic profile suggests a vibrant, youthful community with a significant rental market and a focus on education, but also highlights economic challenges faced by many residents.