605 - 308 Lester Street

Welcome to this charming condo for sale in Waterloo , located at 308 Lester Street, Waterloo. This delightful one-bedroom, one-bathroom apartment is perched on the top floor, offering a lovely private balcony where you can soak in the fantastic views of the surrounding area. If you're on the hunt for a condo for sale in Waterloo, this property is a gem that you won't want to miss!

The address, 308 Lester Street, Waterloo, places you in a prime spot, just minutes away from Wilfrid Laurier University and conveniently close to the University of Waterloo. The location is perfect for students, professionals, or anyone who enjoys being at the heart of the action. The vibrant community surrounding this condo is filled with exquisite restaurants, boutique shops, and easy access to public transport, making it an ideal choice for those who appreciate convenience.

As you step inside this condo for sale in Waterloo, you'll be greeted by a bright and inviting space. The modern, open-concept layout is designed with comfort and functionality in mind. Although the unit is unfurnished, it provides a blank canvas for you to add your personal touch. The kitchen is flat and well-planned, making it easy to whip up your favourite meals. The living area is cosy, perfect for relaxing after a long day or entertaining friends.

One of the standout features of this condo is the ensuite laundry, which adds a level of convenience that many will appreciate. The unit comprises a total of four rooms, including the spacious bedroom and bathroom, making it well-suited for small families, students, or shared living arrangements. While there is no den or additional rooms, the layout maximises the available space beautifully.

As for amenities, while this condo for sale in Waterloo does not come with a pool or fireplace, it does boast central air conditioning to keep you cool during the warmer months. The heating is provided by a forced air system, ensuring a comfortable environment throughout the year. Unfortunately, there is no central vacuum system, but the absence of a basement and additional land means less upkeep for you!

The building itself, Sage Condominiums, is relatively young, aged between six to ten years, and is constructed with a sturdy concrete exterior. While there is no garage or parking space included, the location compensates for this with ample nearby public transport options. Plus, the inclusion of free internet adds exceptional value to this already appealing property.

If you're considering an investment, this condo for sale in Waterloo is currently leased at $1,800 per month, and the buyer must assume the tenant. This presents an excellent opportunity for investors seeking immediate rental income or for owner-occupants who may wish to plan for future use. The local community is thriving, making it a sound investment choice.

In summary, this condo for sale in Waterloo at 308 Lester Street, Waterloo, offers a fantastic opportunity for anyone looking to settle in a vibrant area close to educational institutions and everyday conveniences. With its modern layout, essential amenities, and prime location, it’s a property that stands out in the market. Don’t miss your chance to make this lovely condo your new home or investment! Whether you're a first-time buyer or an experienced investor, this is an opportunity you won't want to pass up.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within just 1.1 kilometers, you'll find Winston Churchill Public School, an elementary school with an impressive rating of 4.9, catering to grades JK to 6. MacGregor Public School, also nearby, serves grades 7 to 8 but has a lower rating. For secondary education, Waterloo Collegiate Institute, located 0.6 km away, offers grades 9 to 12 with a rating of 6.3. Additionally, Kitchener-Waterloo Collegiate and Vocational School, situated 3.2 km from the property, has a strong rating of 7. Keatsway Public School, 2.0 km away, offers French-language instruction for grades 1 to 6, rated at 6.6. The area also features Catholic schools such as Our Lady of Lourdes, rated 6.5, and St. David Catholic Secondary School, rated 7.4, both within a 2 km radius. With a variety of educational options in both English and French, this location provides excellent opportunities for children of all ages, ensuring a supportive and enriching environment for their academic growth.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, youthful community with a population of 3,283 residents and an average age of 24.4 years. The average household size is two, indicating a predominantly single population, with 87.69% of individuals identifying as single and only 8.33% of households having children. The average household income stands at $40,320, with a significant portion of the population (47.9%) classified as low-income. Housing trends show that 90.85% of residents are renters, and a substantial 80.72% live in condominiums, suggesting a preference for multi-family living arrangements. The area also has a notable immigrant presence, accounting for 17.75% of the population. Educational attainment is relatively high, with 54.09% of residents holding a college or university degree. However, a significant portion of the population, 43.48%, is not participating in the labor force. The average property price in the area is $480,000, reflecting the local real estate market's dynamics amidst these demographic characteristics. Overall, the area presents a vibrant, youthful community with diverse living arrangements and educational backgrounds.