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$498K · 5 bed Condo Apartment · Waterloo | MyPropertyScout

$497,999

Unit 204

68 DOM

5268d

Map

DOM 68

↓ $52K

$497,999

↓ $52K

DOM68days

Unit 204

253 Lester Street · Waterloo · Ontario N2L 3W6

MLS® X13126804 · N2L 3W6

52TenantOccupied1200-1399 ft²Condo ApartmentNoneNo basement68d$383/ft²$3,920 tax/yrBuilt 201313 yrs oldNo basement

68 days on market

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…

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Property details

MLS#: X13126804
Status: Buy Now
Property class: Residential Condo & Other
Beds: 5
Baths: 2 full, 0 half
Rooms: 8
Kitchens: 1
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

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $52KPrice reduction

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

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

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: PROPERTY.CA INC.

Source: TRREB/PROPTX · MLS® X13126804

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$498K

Unit 204 · Bryon Bertrim

Coach Home Wizard

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

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Annual costs