308 LESTER Street Unit# 431

About this home.

Located in Waterloo's sought-after university district, this modern 1 bedroom, 1 bathroom unit at 308 Lester Street offers exceptional convenience just steps to the University of Waterloo and a short walk to Wilfred Laurier University. The well designed layout features an open concept living space with contemporary finishes, including granite countertops, stainless steel appliances, front load laundry set and durable carpet-free flooring throughout. Large floor-to-ceiling windows provide plenty of natural light and a private balcony offers additional outdoor space. Offered fully furnished for added convenience- this unit is truly move-in ready. In suite laundry completes the package. Residents enjoy access to a fitness centre, social lounge, roof top patio and visitor parking as a part of their amenities and retail shops on the main floor of the building for added convenience. High-speed internet is included in the low maintenance fees. Just minutes to the LRT, Waterloo Park, Uptown amenities, restaurants and shopping. An excellent opportunity for investors, students or parents seeking a low-maintenance property in a high demand location. (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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