308 Lester St 227
Waterloo, N2L 0H9
FOR SALE
$419,000
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Property Description
308 Lester St #227, an excellent investment opportunity or if you are looking for an apartment for your kids who go to University of Waterloo and University of Laurier. Walking distance to both university and easily generate $1700/ month as rental. 1 Bedroom & 1 Bathroom unit with an open concept layout. Kitchen has granite counter tops and appliances/furnitures all included. In-suite laundry, open balcony, exercise room and party room is perfect for a university student.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-02-09 | 2022-02-11 | 3 | $375,000 | $375,000 | Sold |
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
0-499
Taxes
$2,131 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Waterloo Market Statistics
Waterloo Price Trend
308 Lester St 227 is a 1-bedroom 1-bathroom condo listed for sale at $419,000, which is $8,777 (2.1%) lower than the average sold price of $427,777 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 1 bedroom condo in Waterloo declined by $67,223 (13.6%) compared to the previous 30 day period (March 15 - April 13) and down $34,973 (7.6%) from the same time one year ago.Inventory Change
There were 27 1-bedroom condos listed in Waterloo over the last 30 days (April 14 - May 13), which is up 12.5% compared with the previous 30 day period (March 15 - April 13) and up 28.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Waterloo typically sold ($12,977) (3.0%) below asking price over the last 30 days (April 14 - May 13), which represents a $9,089 decrease compared to the previous 30 day period (March 15 - April 13) and ($9,575) less 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 (April 14 - May 13) stood at 33.3%, down from 45.8% over the previous 30 days (March 15 - April 13) and down from 38.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Waterloo stood at 47 days when successfully sold over the last 30 days (April 14 - May 13), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Landmark Realty Inc.
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