511 - 308 LESTER STREET, Waterloo, Ontario

$285,000

1 Bed
1 Bath
250 Square Feet

Welcome to a prime parent-owner opportunity in Waterloo's coveted university district. This stylish 1-bedroom, 1-bathroom condo is perfectly positioned for families planning ahead: currently tenanted until August 27, 2027, it offers immediate rental income while you prepare for your child's arrival at the UW or WLU in September 2027. Start collecting rent now, then transitioning seamlessly to a safe, modern, independent living space for your child next September - all while building equity in one of Ontario's most resilient real estate markets. Located just a 10-minute walk from both UW and WLU lecture halls and steps from the UW LRT Station, this unit eliminates commute stress and places your child at the heart of campus life. Inside, enjoy premium finishes including granite countertops, stainless-steel appliances, in-suite laundry, high ceilings, modern neutral tones, laminate flooring throughout, a spacious bedroom with large closet, and a private balcony with great views. Building amenities are designed for student success and comfort, with the included fibre-optic internet service, on-site fitness facility, social lounge, rooftop terrace, secure bike storage, and professional on-site management. Low condo fees cover most essentials (all except hydro), and the unit comes fully furnished - including all appliances, window coverings, and furniture - making it truly turnkey. Lock in today's price, avoid the uncertainty of unreliable roommates or subpar rentals, and give your child a clean, modern, and secured environment where they can thrive academically. With parks, shopping, dining, and transit all within walking distance, this unit delivers everything a student needs, and everything a parent wants. Don't miss this rare chance to safeguard your child's future and your family's financial advantage in one of Waterloo's highest-demand student housing markets. This isn't just an investment; it's a smart family strategy. (id:23309)

Listing ID: X13751246
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Main Level	Kitchen	1.63 m x 3.15 m
Main Level	Dining Room	1.55 m x 1.63 m
Main Level	Living Room	3.61 m x 4.17 m
Main Level	Primary Bedroom	2.41 m x 3.18 m

Details

Amenities Nearby: Schools
Community Features: Pets Allowed With Restrictions
Features: Balcony, In suite Laundry
Maintenance Fee: 319.08
Maintenance Fee Type: Common Area Maintenance, Heat, Insurance, Parking, Water
Maintenance Fee Payment Unit: Monthly
Management Company: Wilson Blanchard
Ownership: Condominium/Strata
Transaction: For sale
Zoning Description: RN-8

Building

Amenities: Exercise Centre, Visitor Parking
Appliances: Furniture
BasementType: None
Bedrooms Main Level: 1
Cooling: Central air conditioning
Exterior Finish: Brick, Concrete
Fireplace Present: False
Fire Protection: Smoke Detectors
Bathrooms (Total): 1
Heating: Forced air
Heating Fuel: Other
Size Interior: 0 - 499 sqft
Type: Apartment

Land

Amenities: Schools

This property for sale is located at 511 - 308 LESTER STREET in Waterloo. It was last modified on September 9th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Waterloo properties for sale.

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