280 Lester St 522
Waterloo, N2L 0G2
FOR SALE
$515,000
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1 + 1
BEDROOMS2
BATHROOMS1
KITCHENS5
ROOMSX8135986
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Property Description
Location! Location! Sage Five! Walking distance to U of Waterloo and Laurier! Perfect for Investors & Students! Extremely spacious unit, 1 bedroom w/ large den, can be used as bedroom, 2 washrooms, furnished unit w/ granite kitchen counter top, stainless steel appliances, stacked dryer/washer, built-in dishwasher, microwave, TV & all furniture (As is condition), spacious & lots of Natural light, walkout to balcony from living room, great amenities in well managed building.
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Extras
Hand free & turn key investment, current rent:$1754/m, parking:$150/m, under sage rental mgmt now. Market rent around $2300/month. Assume lease until end of April 2024.
Nearby Intersections
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$3,324 (2023)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Owned
Garage Type
Underground
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Waterloo Market Statistics
Waterloo Price Trend
280 Lester St 522 is a 1-bedroom 2-bathroom condo listed for sale at $515,000, which is $20,000 (4.0%) higher than the average sold price of $495,000 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 1 bedroom condo in Waterloo increased by $108,000 (27.9%) compared to the previous 30 day period (February 27 - March 27) and up $48,572 (10.9%) from the same time one year ago.Inventory Change
There were 14 1-bedroom condos listed in Waterloo over the last 30 days (March 28 - April 26), which is down 54.8% compared with the previous 30 day period (February 27 - March 27) and down 6.7% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Waterloo typically sold ($5,000) (1.0%) below asking price over the last 30 days (March 28 - April 26), which represents a $1,112 decrease compared to the previous 30 day period (February 27 - March 27) and ($11,200) 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 1-bedroom condos in Waterloo over the last 30 days (March 28 - April 26) stood at 78.6%, up from 16.1% over the previous 30 days (February 27 - March 27) and up from 46.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom condo in Waterloo stood at 14 days when successfully sold over the last 30 days (March 28 - April 26), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Goldenway Real Estate Ltd.
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