Year Built
2021
Mid-Rise Condo
U Style
246 Lester Street, Waterloo, ON N2L 0H1
Total Units
85
Avg $/sqft
$586
Storeys
12
Available Units in U Style
0
Units for sale
1
Unit for rent
From $2,800/mo
Live MLS · Updated daily
Overview
Located at 246 Lester Street, U Style is a 12-storey condo containing 85 units. These Waterloo condos were developed by and completed in 2021. Units start at 400 square feet and can be as large as 949 square feet. What makes a Downtown Waterloo condo for sale most appealing is all that the neighbourhood has to offer.
Maintenance fees are $0.56 per-square-foot, which is lower than the neighbourhood average of $0.58 per-square-foot.
Year Built
2021
Property Type
Mid-Rise Condo
Storeys
12
Total Units
85
Management
Grand River Homes
Amenities
Underground Parking
Price History
33 recordsLoading history…
Market Stats
Prices in U Style are down 24.9% compared to last year.
$586
Avg $/sqft
-24.9%
YoY change
60
Avg days on market
Location & Walkability
Walk Score
—/100
Daily errands on foot
Transit Score
—/100
TTC, GO, subway access
Bike Score
—/100
Bike lanes & infrastructure
Neighbourhood in Waterloo
Downtown Waterloo
vibrant community-oriented active urban
Downtown Waterloo is a vibrant neighbourhood with a mix of residential and commercial spaces. It offers a lively atmosphere with many amenities and services.
Close to schools and parks Diverse dining options available High percentage of renters Good public transit access Community events throughout the year
At a glance
Day to dayLivability
6.2
Schools near listings
out of 10 · averaged over 346 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$443,950
23% below Waterloo 38% below Ontario
In Downtown Waterloo
$443,950
In Waterloo
$579,900
In Ontario
$717,000
Median monthly rent
$1,925/mo
12% below Waterloo 23% below Ontario
In Downtown Waterloo
$1,925
In Waterloo
$2,200
In Ontario
$2,500
≈ 19.2 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
56
Median $443,950
Condos 55 · Houses 1
For rent
26
Median $1,925
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-10. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Affordable housing compared to city median
- Strong community feel with many amenities
- Good schools and educational facilities
- Walkable area with local shops and cafes
Keep in mind
- Higher renter percentage may lead to competition
- Some areas may feel crowded
The feel of the placeLifestyle
Daily life in Downtown Waterloo is active and social, with plenty of opportunities for dining and recreation. Residents enjoy a mix of urban living and community engagement.
Great for young professionals students first-time buyers
Within the boundaryWhat's nearby
The boundary
12.4 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
41
Parks
34
Playgrounds
4
Transit stations
13
Grocery stores
115
Restaurants
60
Cafés
15
Gyms
4
Libraries
11
Pharmacies
Counted across all 12.4 km² of Downtown Waterloo. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
6.4/10
Average rating of the 9 rated schools in this area
14
Elementary
7
Secondary
St Agnes Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
8.1/107.3 over 5 yrs299th of 3,045 Ontario elementary schools
595 students · EQAO 2024-2025
St David Catholic Secondary School
Catholic · Grades 9–12 · Waterloo CDSB
8.0/107.5 over 5 yrs86th of 742 Ontario secondary schools
1,080 students · EQAO 2024-2025
ÉÉC Mère-Élisabeth-Bruyère
Independent · French · Grades JK–6 · CSC MonAvenir
6.6/107.0 over 5 yrs1,165th of 3,045 Ontario elementary schools
220 students · EQAO 2024-2025
Our Lady of Lourdes Catholic Elementary School
Catholic · Grades JK–8 · Waterloo CDSB
6.5/107.1 over 5 yrs1,231st of 3,045 Ontario elementary schools
385 students · EQAO 2024-2025
Waterloo Collegiate Institute
Public · Grades 9–12 · Waterloo Region DSB
6.2/106.6 over 5 yrs349th of 742 Ontario secondary schools
1,480 students · EQAO 2024-2025
École élémentaire L'Harmonie
Public · French · Grades JK–8 · Conseil scolaire Viamonde
6.2/106.6 over 5 yrs1,444th of 3,045 Ontario elementary schools
290 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Downtown Waterloo, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
36,947
Population (2021)
11.7 km²
Area
3,154
People per km²
36
Median age
$68,527
Median income
33%
Own their home
2.1
People per household
16,935
Households
Every age
- Children (under 15)8.8%
- Working age (15–64)74.9%
- Seniors (65+)16.4%
What is built here
- Detached houses21.4%
- Semi-detached1.7%
- Townhouses5.1%
- Duplexes3%
- Low-rise apartments16.8%
- High-rise apartments52.1%
Own or rent
33%Owners
67%Renters
Across 16,935 households
When it was built
Mostly 1961–1980
- 1960 or earlier17%
- 1961–198023%
- 1981–199012%
- 1991–20008%
- 2001–20055%
- 2006–20105%
- 2011–201511%
- 2016–202120%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 23.2%
- Born outside Canada
- 43.1%
- Hold a degree or higher
- 52.3%
- Employment rate
- 12.6%
- Commute by transit
- 71.7%
- Commute by car
- 1.6
- Children per family
- $61,031
- Median income after tax
- $83,289
- Average household income
- 20.8%
- Living on a low income
- $1,389/mo
- Renters pay, per month
- $1,291/mo
- Owners pay, per month
- $544,928
- Median home value at census
- 41.9%
- Renters spending 30%+ of income on housing
- 26.9%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 41 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry
