For Sale · Waterloo · Other

$569,900

280 LESTER Street Unit# 111, Waterloo

810

Sq Ft

2017

Built

About This Home

The details.

Exceptional commercial investment opportunity in Waterloo's thriving university district. This 810 sq. ft. corner unit is ideally located within walking distance of the University of Waterloo and Wilfrid Laurier University, offering excellent visibility and consistent foot traffic. Currently leased to BerryBir & Beans Restaurant at $3,000 + HST/month (rent increases by 3% each year) plus $627.14 of condo fee (including TMI) and utilities until September 30, 2028 with another 3 years renewal option, providing stable income and strong cash flow. Previously operated as a successful restaurant, this turnkey investment includes one parking space(#51) and offers outstanding long-term growth potential. (id:66635)

Summarizing the highlights...

MLS® 40841759Listing courtesy of Homelife Power Realty Inc.See all units in this building View on map Street view

Property Details

Facts & features.

Property type: Other
Ownership: Condominium
Year built: 2017
Size: 810 sqft
Storeys: 1
Parking: 1 space
Strata fee: $627 / monthly
Listed on: 2026-06-22
Days on market: 23
MLS number: 40841759
Data source: Cornerstone Association of REALTORS®

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$2,665

$455,920 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$2,665

Cash flow

-$2,665

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Waterloo right now

231

Active listings

338

New this week

$649,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Waterloo.

Household and demographic stats for Waterloo, from the Statistics Canada 2021 Census.

121,436
Population (2021): 36
Median age: 47,040
Households: 2.5
Avg household size: 61.3%
Home ownership: $94,000
Median household income

Waterloo market trends

Source: Statistics Canada 2021 Census, Waterloo, City, Ontario.

Schools

Nearby schools.

K-12 schools closest to this home, with straight-line distances.

Waterloo Collegiate Institute
public · secondary
640 m
Vanguard High School
independent · secondary
880 m
MacGregor Public School
public · elementary
1.0 km
St David Catholic Secondary School
catholic · secondary
1.1 km
Winston Churchill Public School
public · elementary
1.1 km
Canada TEMS Academy
independent · secondary
1.2 km

Source: Statistics Canada, Open Database of Educational Facilities. Distances are straight-line, not walking routes. Catchment boundaries change; always confirm with the school district.

Rental Market

Renting nearby.

Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.