308 LESTER Street Unit# 406

About this home.

Turn-key investment or the perfect starter condo in the heart of Waterloo's University District! Unit 406 is 465sqft and offers a bright 1 bedroom, 1 bathroom layout. Upgraded finishes are ready for it's next owner, with a modern kitchen that has granite countertops, stainless steel appliances , in suite laundry, carpet free flooring and a private balcony. The building is a quick walk to University of Waterloo and Laurier, which shows consistently strong rental demand, the LRT, restaurants and everyday amenities. Low-maintenance living in a professionally managed building makes for the perfect hands-off ownership. Maintenance fees currently include high-speed internet. (id:59491)

The full record.

How this listing prices against Beechwood/University.

Beechwood/University was highly supplied this period, with 13 sales against 98 active listings, one of the loosest inventory setups in Waterloo. The average sale price was $621,462, well below the city average, homes took 34 days to sell, and deals closed at 94.02% of list, all signs of a softer market overall. Activity split between 5 freeholds and 8 condos, but the overwhelming amount of condo inventory is what defines the neighbourhood right now. This is a market with lots of choice and clear pressure on sellers to price realistically.

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