Condos for Sale in Lexington, Waterloo, ON

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Neighbourhood in Waterloo

Lexington

family-friendly suburban community-focused

Lexington is a neighbourhood in Waterloo known for its family-friendly atmosphere. It offers a mix of residential homes and condos, making it suitable for various buyers.

Median home price is $689,000 High school rating average is 7.1 Majority of homes are single detached 88.2% of residents own their homes Diverse community with 24.2% immigrants

At a glance

Photo of Unit 310, 271 Eiwo Court
For SalePositive Cash FlowCorner Unit
Listed for:

Listed Aug 13, 2026

$359,900

Unit 310, 271 Eiwo Court

Waterloo (Lexington), ON N2K 2M8

2Bedrooms
1Bathroom
1Parking
900-999Sq Ft

Condo ApartmentFor Sale

Day to dayLivability

7.1

Schools near listings

out of 10 · averaged over 149 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

$689,000

17% above Waterloo 4% below Ontario

In Lexington

$689,000

In Waterloo

$588,800

In Ontario

$719,900

Median monthly rent

In Waterloo

$2,200

In Ontario

$2,500

On the marketMarket snapshot

For sale

5

Median $689,000

Houses 4 · Condos 1

For rent

0

Recently sold

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Recently leased

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Market data as of 2026-10-07. 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

  • Strong community with a median income of $135,883
  • Good schools with a rating of 7.1
  • Low percentage of low-income households at 5%
  • Many parks and playgrounds for families

Keep in mind

  • Median home prices are above the city median
  • Limited rental options available
  • Commute is mostly by car with little transit

The feel of the placeLifestyle

Daily life in Lexington is quiet and family-oriented, with access to parks and schools. Residents enjoy a suburban feel.

Great for families first-time buyers working professionals

Within the boundaryWhat's nearby

The boundary

2.9 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

14

Parks

9

Playgrounds

1

Grocery stores

2

Restaurants

1

Cafés

2

Pharmacies

Counted across all 2.9 km² of Lexington. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.4/10

Average rating of the 2 rated schools in this area

3

Elementary

  • St Matthew Catholic Elementary School

    Catholic · Grades JK–8 · Waterloo CDSB

    7.6/107.6 over 5 yrs

    516th of 3,045 Ontario elementary schools

    425 students · EQAO 2024-2025

  • Lexington Public School

    Public · Grades JK–6 · Waterloo Region DSB

    7.1/107.1 over 5 yrs

    808th of 3,045 Ontario elementary schools

    355 students · EQAO 2024-2025

  • Wildflowers Forest School

    Independent

    Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Lexington, 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

8,114

Population (2021)

3.6 km²

Area

2,253

People per km²

40.8

Median age

$135,883

Median income

88%

Own their home

2.9

People per household

2,885

Households

Every age

  • Children (under 15)15.9%
  • Working age (15–64)72.0%
  • Seniors (65+)12.1%

What is built here

  • Detached houses76.3%
  • Semi-detached4.6%
  • Townhouses14%
  • Duplexes1.4%
  • Low-rise apartments4%

Own or rent

88%Owners

11%Renters

Across 2,885 households

When it was built

Mostly 1991–2000

  • 1960 or earlier2%
  • 1961–198015%
  • 1981–199022%
  • 1991–200038%
  • 2001–200515%
  • 2006–20105%
  • 2011–20152%
  • 2016–20211%

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.

24.2%
Born outside Canada
39.8%
Hold a degree or higher
65.4%
Employment rate
1.7%
Commute by transit
93.4%
Commute by car
1.8
Children per family
$114,696
Median income after tax
$154,444
Average household income
5%
Living on a low income
$1,880/mo
Renters pay, per month
$1,492/mo
Owners pay, per month
$762,019
Median home value at census
12.5%
Renters spending 30%+ of income on housing
7.8%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 12 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