Sold for:Sold Jun 11, 2025
$549,000

Unit 502, 246 Lester Street

Waterloo, ON N2L 0H1

Condo Apartment SoldNot available
U Style exteriorU Style12 storeys, 85 suites, built 2021
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for Unit 502, 246 Lester Street, Waterloo

2025-04-13
2025-06-12
Sold
Price
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MLS#
x12079941
2024-09-11
2025-02-28
Expired
Price
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About Unit 502, 246 Lester Street, Waterloo

Sun-Filled North-West Corner Unit in Heart of Waterloo University District! 883 SF Interior Space With Two Spacious Bedrooms and Two Full Bathrooms. Living Can Be Converted to A 3RD Bedroom. Approx. 9-Foot Ceiling! Large West and North View Windows With Lots Of Sunlights! Neutral Color Laminate Flooring Throughout! Open Concept L-Shape Kitchen W/ Modern Cabinets, Quartz Countertop and Stainless Steel Appliances. In-Suite Laundry Set. Amenities Include Party Rm&Roof Terrace, Study Room, Exercise Room and Visitor Parkings, CCTV Security System In Common Area. 5 Mins Walk Distance To University Of Waterloo, Steps To Wilfrid Laurier University, Plaza, Supermarket, Restaurant And Much More. Perfect for End-User and Investor! Unit Vacant, Move In Anytime. Dont Miss It! **EXTRAS** Stainless Steel Fridge, Stove, Dishwasher, Built-In Microwave and Rangehood; Stacked Front-Loading Washer & Dryer; All Existing Window Coverings and Light Fixtures

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,118
Land Transfer Tax Fee
$7,455

Condo/Maintenance Fee

Maintenance Fee
$524 /month

Included In Maintenance Fee

  • Heat Included
  • Water Included
  • CAC Included
  • Common Elements Included
  • Building Insurance Included

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
In-Suite Laundry
Laundry Level
Main Level
Interior Extras
Countertop Range, In-Law Suite
Fireplace/Stove
No
Elevator
Yes

Exterior Features

Balcony
None

Building Amenities

  • Gym
  • Party Room/Meeting Room

Building

Building Type
Condo Apartment
Building Style
Apartment
Approx Age
0-5
Condo Corp Number
719

Construction

Exposure
North West
Exterior Finish
Brick, Stone
Special Designation
Unknown

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Type
None
Parking Spaces
0
Total Garage And Parking Spaces
0

Lockers

Locker Type
None

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air

Bedrooms
2
Washrooms
2
Kitchens
1

Room sizes

  • Living Room—
    Flat level, Laminate, Combined w/Dining, Open Concept
  • Dining Room—
    Flat level, Laminate, Combined w/Living, Open Concept
  • Kitchen—
    Flat level, Laminate, Quartz Counter, Stainless Steel Appl
  • Primary Bedroom—
    Flat level, Laminate, 4 Pc Ensuite, Closet
  • Bedroom 2—
    Flat level, Laminate, Large Window, West View

Washrooms

  • 4-piece, Flat

Municipality
Waterloo
Main cross streets
University Ave W & Lester St
Directions
North West corner of University Ave W & Lester St

MLS® number
X12079941
Data source
Toronto Regional Real Estate Board
Status change
2025-06-12
Listed on
2025-04-13
Days on market
60 days
Possession date
2025-06-05
Possession type
Flexible
Co-op commission
2%+HST
Seller
Listed by
HOMELIFE NEW WORLD REALTY INC.

Home Market Value

Current home valuation for Unit 502, 246 Lester Street, Waterloo, , . Listed for $549,000

HOMEH Estimate

?

$439,968

Estimated Sales Range

?

$347,575 - $532,361

HOMEH Estimate for Unit 502, 246 Lester Street, Waterloo

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$439,968Medium confidence
Based on 14 comparable properties
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Minimum Down Payment Required:5.4%

5% on first $500K + 10% on $49,000 over $500K

Minimum down payment

$29,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$20,752$15,317$13,066$0
=Total mortgage
$539,557$509,417$479,716$439,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$2,634monthly$2,487monthly$2,342monthly$2,144monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$7,455

Total Land Transfer Tax

$7,455

Around this home

3/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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