308 - 280 Lester Street

Nestled in the vibrant heart of Waterloo, at 280 Lester Street, this impressive condo for sale in Waterloo is a must-see for savvy investors. This spacious three-bedroom apartment is the largest unit available at Sage V, a premier student condo that has been meticulously maintained and is rarely offered on the market. With its prime location just a stone's throw from both the University of Waterloo and Wilfrid Laurier University, this property presents an excellent rental income potential, making it an ideal addition to any investment portfolio.

The layout of this bright, corner unit is both functional and inviting. Featuring a modern flat kitchen complete with granite countertops, a centre island, and stainless steel appliances, it’s perfect for whipping up meals or entertaining guests. The living space is sun-filled and northeast-facing, ensuring plenty of natural light throughout the day. One of the standout features of this condo for sale in Waterloo is the generous outdoor space, boasting a balcony of approximately 238 square feet. This outdoor area can be accessed from both the bedrooms and the living room, providing an excellent spot for relaxation or socialising.

At 280 Lester Street, Waterloo, residents benefit from a plethora of amenities that simplify student life. The building is strategically located just minutes away from essential services, including transit options, restaurants, pubs, cafes, grocery stores, and banks. Whether you prefer to walk or cycle, everything you need is within easy reach. This convenience is a significant advantage for those looking to attract tenants or for students seeking a comfortable place to call home.

While this condo does not come furnished, it offers ample space for personalisation and creativity, allowing you to make it truly your own. The property features three well-sized bedrooms and three bathrooms, ensuring plenty of room for residents. Additionally, the unit includes one underground garage space and one parking space, providing secure and convenient options for vehicle storage.

Although there is no pool or fireplace, the building compensates with premium amenities that cater to the needs of its residents. Sage V boasts study lounges, a fitness centre, a theatre, a terrace, and bike storage, creating a community atmosphere that is both engaging and supportive. The maintenance fees cover gas, water, and unlimited fibre internet, making it easier for residents to manage their monthly expenses.

The heating system in this condo is forced air, providing warmth during the colder months, while central air conditioning ensures a cool retreat during the summer. It’s worth noting that there is no central vacuum system, but the overall layout and design of the apartment make it easy to maintain.

For anyone searching for a condo for sale in Waterloo, 280 Lester Street offers a unique opportunity. Its location in Waterloo's thriving tech and education hub makes it a desirable choice for students and young professionals alike. This turnkey investment opportunity is perfect for those looking to expand their portfolio or for first-time buyers eager to enter the property market.

In conclusion, if you’re on the hunt for a condo for sale in Waterloo, look no further than this exceptional unit at 280 Lester Street. With its prime location, spacious layout, and array of amenities, it’s a property that promises both comfort and convenience. Don’t miss out on the chance to own this fantastic condo—schedule a viewing today and see for yourself what makes this property so special!

Schools in the Neighbourhood

This property is conveniently located near a variety of educational institutions, making it an excellent choice for families. Within a short distance, you will find Winston Churchill Public School (1.1 km), rated 4.9, and MacGregor Public School (1.0 km), offering grades 7 to 8. For secondary education, Waterloo Collegiate Institute is just 0.6 km away, with a rating of 6.3. Additionally, Kitchener-Waterloo Collegiate and Vocational School is located 3.1 km away, rated 7.0. For those seeking French language education, Keatsway Public School (1.9 km) and MacGregor Public School (1.0 km) provide elementary options, while Sir Edgar Bauer Catholic Elementary School (2.4 km) offers French instruction as well. The property is also close to several Catholic schools, including Our Lady of Lourdes Catholic Elementary School (1.9 km) with a rating of 6.5 and St. David Catholic Secondary School (1.0 km) rated at 7.4. Overall, this area boasts a strong selection of public and Catholic schools, ensuring quality education options for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 3,283 residents, with an average household size of 2 individuals. The demographic is notably young, with an average age of 24.4 years. The average household income stands at $40,320, and a significant portion of the population, 47.9%, is classified as low-income. The real estate market reflects this economic situation, with average property prices around $480,000. A striking 87.69% of the population is single, and only 8.33% of households have children, indicating a predominantly young, single demographic. Renters make up a substantial 90.85% of the housing market, with 80.72% of residences being condominiums. Additionally, 17.75% of the residents are immigrants, contributing to the area’s diversity. Educational attainment is relatively high, with 54.09% of the population holding a college or university degree. However, a notable 43.48% of the population is not participating in the labor force, suggesting potential challenges in employment opportunities within the community. Overall, this area is characterized by its youthful, predominantly single residents, high rental rates, and a diverse population.