$498K · 5 bed Condo Apartment · Unit 204, 253 Lester Street, Waterloo, Ontario N2L 3W6

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About this home

Calling all investors, MOTIVATED SELLER! An Exceptional Investment Opportunity Awaits! This Fully Furnished Property, Just Minutes From The University Of Waterloo And Wilfred Laurier University, Features 5 Spacious Bedrooms And 2 Full Bathrooms, With A Large Common Area Including L Shaped kitchen And Spacious Bright Living Room. Walking Distance To Shopping, Restaurants, And Many Other Amenities. Buyer to assume the property management service agreement and have the option to Opt out at the end…

Property details

MLS#

X13126804

Status

Buy Now

Property class

Residential Condo & Other

Beds

Baths

2 full, 0 half

Rooms

Kitchens

Size

1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

Apartment

Type

Condo Apartment

Year built

2013

Occupancy: Tenant Occupied
Washrooms: 4 pc · Flat
Family room: Family room
Central vacuum: No
Ensuite laundry: No

Condo corp #: 635
Balcony: None
Locker: None
Fees include: Water Included, CAC Included, Common Elements Included, Building Insurance Included, Heat Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 0 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick, Concrete
Fronting on: —
Cross street: University Ave/ Lester St.
Stories: 3
Utilities: —
Laundry: Coin Operated
Laundry level: Lower Level
Interior: Intercom
Parking features: None

Price movement & seller pressure

↓ $52KPrice reduction

MLS shows the seller reduced the asking price by $51,991 (from $549,990 to $497,999).

Motivated SellerWhy this label

115 days on market — Listing has been active for 115 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $497,999✓ $3,920 tax✓ Gas✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,858/mo

incl. closing costs (yr 1)

Annual total

$58,290

year 1

Mortgage only

$1,889/mo

principal + interest

Beyond mortgage

$1,974/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$99,600

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$327/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,300 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$4,980/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$67/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,435

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)39% $22,671/yr

Property taxes18% $10,355/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $4,980/yr

Condo fees17% $9,624/yr

Closing costs9% $5,100/yr

Mortgage is 39% of your true cost of ownership. The other 61% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$22,671	$1,889/mo
Government & taxes
Property tax	$3,920	$327/mo
Land transfer tax(closing)	$6,435	$536/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,980	$415/mo
Condo fees
Condo / HOA fees	$9,624	$802/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$58,290	$4,858/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 204

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs