246 Lester St 303
Waterloo, N2L 3W5
FOR SALE
$549,900

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Property Description
Ideally Located And Walking Distance To The University Of Waterloo And Wilfrid Laurier University, This Bright And Modern 3-Bedroom, 2-Bath Unit Boasts 9-Foot Ceilings And A Functional Open Concept Layout. This Floorplan Is One Of The Best In The Building In Terms Of Gross Rental Yield. The Kitchen Is Equipped With Stainless Steel Appliances, Including A Fridge, Stove, Dishwasher, Range Hood, And Microwave. The Unit Also Has An In-Suite Washer And Dryer. All Three Bedrooms Feature Large Windows Facing South/West, Ensuring Ample Sunlight Throughout. Residents Enjoy Excellent Amenities Such As A Gym, Rooftop Patio, Study Room, And 24/7 Surveillance In Common Areas. Parking Is Available For Rent Through The Management Office. A Fantastic Opportunity For Investors And End-Users Alike.
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Nearby Intersections
University & Albert (28)
King & University (76)
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,812 (2024)
Basement
None
Exterior
Brick Front
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Surface
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Dining | Flat | 6.56' x 8.89' | Laminate |
Prim Bdrm | Flat | 8.99' x 12.01' | , Laminate |
Br | Flat | 7.55' x 10.50' | , Laminate |
Br | Flat | 8.89' x 10.43' | |
Kitchen | Flat | 7.32' x 9.48' |
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Waterloo Market Statistics
Waterloo Price Trend
246 Lester St 303 is a 3-bedroom 2-bathroom condo listed for sale at $549,900, which is $402,600 (42.3%) lower than the average sold price of $952,500 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom condo in Waterloo increased by $567,500 (147.4%) compared to the previous 30 day period (December 22 - January 20) and up $527,500 (124.1%) from the same time one year ago.Inventory Change
There were 5 3-bedroom condos listed in Waterloo over the last 30 days (January 21 - February 19), which is down 28.6% compared with the previous 30 day period (December 22 - January 20) and down 28.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom condos in Waterloo typically sold ($2,500) (0.3%) below asking price over the last 30 days (January 21 - February 19), which represents a $12,400 increase compared to the previous 30 day period (December 22 - January 20) and ($24,000) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom condos in Waterloo over the last 30 days (January 21 - February 19) stood at 40.0%, up from 14.3% over the previous 30 days (December 22 - January 20) and down from 42.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom condo in Waterloo stood at 20 days when successfully sold over the last 30 days (January 21 - February 19), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Landmark Realty Inc.
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