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Listed 27 days ago

404 - 280 Lester Street

, Waterloo

$474,900

Condo Apartment |
2 | 1 | 1 | 0
About this home

Don't miss this rare opportunity to own a beautifully upgraded 740 sqft furnished condo, just a short walk from Wilfrid Laurier University, the University of Waterloo and Conestoga College. With the school year starting in September, this is the ideal time to secure a home for yourself or a turn-key investment. Freshly painted throughout and outfitted with brand-new laminate flooring, this move-in-ready partially furnished unit shows better than ever. The open-concept layout features a contemporary kitchen with granite countertops, stainless steel appliances, and generous storage, making it perfect for everyday living or entertaining. The unit offers 2 spacious bedrooms, a private ensuite laundry, and a rare owned underground parking space. The living room opens onto a charming Juliet balcony, but the real showstopper is the massive 10x30ft private terrace-a true one-of-a-kind outdoor space rarely found in condo living, ideal for lounging, entertaining, or simply enjoying the fresh air right outside your door. Whether you're a student, a parent looking to secure housing before the fall semester, or an investor seeking a high-demand rental location, this condo checks every box!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$508
LockerNone
BalconyTerrace
ExposureNorth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$4,124
mls© NumberX13654232
Listed ByROYAL LEPAGE WOLLE REALTY
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,431
Property tax
$344
Heat allowance
$150
Condo fees, half counted
$254
Housing costs
$3,179 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $94,980
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$1,998 / mo
Cash down
$94,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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