418 - 308 Lester Street

Introducing an exceptional opportunity to acquire a modern condo for sale in Waterloo , located at 308 Lester Street, Waterloo. This well-appointed condo apartment is situated in a prime area, just moments away from the esteemed universities of Waterloo and Wilfrid Laurier, making it an ideal choice for students or investors seeking a positive cash flow investment.

The building, constructed with a blend of brick and concrete, offers a contemporary aesthetic that complements its surroundings. As you enter the condo at 308 Lester Street, Waterloo, you will find a thoughtfully designed layout comprising four total rooms, including a spacious bedroom and a well-equipped bathroom. The property features one bedroom, making it perfect for individuals or couples. Although there is no den, the living space is efficiently utilised to provide comfort and functionality.

The kitchen, conveniently located on the ground floor, is designed for practicality and ease of use. While there is no additional kitchen, the main kitchen is well-suited for preparing meals and entertaining guests. The condo for sale in Waterloo is unfurnished, allowing new owners the flexibility to personalise the space according to their preferences.

In terms of climate control, the property is equipped with central air conditioning, ensuring a comfortable environment throughout the year. Heating is provided by a forced air system, which is both efficient and effective. However, it is worth noting that this unit does not include a central vacuum system, a basement, or additional land, which may be considerations for potential buyers.

One of the standout features of this condo for sale in Waterloo is the array of amenities available to residents. The building boasts a rooftop terrace, perfect for enjoying the outdoors and taking in the views of the surrounding area. Additionally, there is a gym for fitness enthusiasts, a study lounge for those needing a quiet space to work or study, and bike storage for those who prefer cycling as their mode of transport. Visitor parking is also available, along with secure entry to the building, ensuring both convenience and safety for residents and their guests.

While the property does not include a pool or a fireplace, the amenities and location more than compensate for these absences. The absence of a garage space and parking space may be a consideration for some, but the excellent location at 308 Lester Street, Waterloo, provides easy access to public transport options, including Go Transit, making commuting a breeze.

This condo for sale in Waterloo presents a remarkable investment opportunity, particularly for those looking to capitalise on the thriving rental market in the area. Its proximity to major educational institutions makes it a highly sought-after option for students, while investors will appreciate the potential for positive cash flow.

In summary, 308 Lester Street, Waterloo, offers a modern living experience in a vibrant community. With its excellent location, comprehensive amenities, and well-designed living space, this condo for sale in Waterloo is a fantastic opportunity not to be missed. Whether you are a first-time buyer, a student, or an investor, this property is sure to meet your needs and exceed your expectations. Don’t miss out on the chance to make this condo your own!

Schools in the Neighbourhood

This property is ideally situated near a variety of educational institutions, making it a great choice for families. Within a short distance, you’ll find several public elementary schools, including Winston Churchill Public School, just 1.1 km away, which boasts an impressive rating of 4.9 and serves grades JK to 6. MacGregor Public School, also nearby at 1.0 km, offers grades 7 to 8 but currently has no rating. For secondary education, Waterloo Collegiate Institute is only 0.6 km from the property, rated at 6.3, while Kitchener-Waterloo Collegiate and Vocational School, located 3.1 km away, has a higher rating of 7. Additionally, there are Catholic education options, such as Our Lady of Lourdes Catholic Elementary School (2.0 km, rating 6.5) and St. David Catholic Secondary School (1.0 km, rating 7.4). The diverse language offerings include English and French, catering to various preferences. Overall, this area provides a rich educational landscape that supports the academic needs of children from early years through secondary education, ensuring a nurturing environment for their growth and development.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 3,283 residents, with an average household size of 2. The demographic profile indicates a youthful community, with an average age of 24.4 years. The average household income is $40,320, and a significant portion of the population, 47.9%, is classified as low-income. A notable 87.69% of the residents are single, and only 8.33% of households have children, reflecting a demographic trend that leans towards young adults. The rental market is robust, with 90.85% of residents renting their homes, and condos make up 80.72% of the housing stock. The average property price in the area is $480,000, which may be a consideration for potential buyers. Additionally, 54.09% of the population has a college or university education, indicating a relatively educated community. However, a substantial 43.48% of residents are not in the labor force, which may influence the local economy and housing market dynamics. Furthermore, the area is home to 17.75% immigrants, contributing to its diverse cultural landscape. Overall, the demographic data highlights a vibrant, youthful community with a high rental rate and a significant number of single residents.