280 Lester St #404 is a 2-bedroom, 1-bathroom condo in Waterloo, listed for $385,000. It has 700-799 sq ft of living space.
1The open concept layout features a contemporary kitchen with granite countertops, stainless steel appliances, and generous storage, making it perfect for everyday living or entertaining.
2The unit offers 2 spacious bedrooms, a private ENSUITE LAUNDRY, and 1 OWNED underground parking space.
Great opportunity to own a beautifully upgraded 740 sqft furnished condo, just a short walk from Wilfrid Laurier University, the University of Waterloo and Conestoga College. Freshly painted throughout and outfitted with brand new laminate flooring, this move in ready partially furnished unit shows better than ever. The open concept layout features a contemporary kitchen with granite countertops, stainless steel appliances, and generous storage, making it perfect for everyday living or entertaining. The unit offers 2 spacious bedrooms, a private ENSUITE LAUNDRY, and 1 OWNED underground parking space. The living room opens onto a charming Juliet balcony, but the real showstopper is the rare 10x30ft PRIVATE TERRACE, a true one of-a-kind outdoor space rarely found in condo living ideal for lounging, entertaining, or simply enjoying the fresh air right outside your door. Whether you're a student, a parent looking to secure housing before the fall semester, or an investor seeking a high-demand rental location, this condo checks every box!
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $550 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 280 Lester St #404
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
700-799 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 Storey/Apt
Property class
Condo Apartment
280 Lester St #404 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,891
/mo
based on the purchase price of $385,000
$77,000 cash
$308,000 financed
$259,417 total interest
Principal54%$308,000
Interest46%$259,417
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Waterloo
Other 1–2 bed homes for sale in Waterloo around $385K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings404Homes for sale here right now.
Median vs prior 90 days−3.2%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 433 sales from Jul 24 – Oct 22, 2026 (303 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
3 for sale · 1 for rent at 280 Lester St — plus its sale and lease history.
280 Lester St #404 is listed at $385,000 (MLS® X14099036). Summitly updates the price as soon as the MLS® record changes.
Is $385,000 a good price for 280 Lester St #404?
Summitly rates it Good Deal: the asking price is 3% to 10% below Zara's estimate, an estimate built from recent sales in Waterloo. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 280 Lester St #404 changed?
No — 280 Lester St #404 is still listed at its original asking price of $385,000.
How many bedrooms and bathrooms does 280 Lester St #404 have?
280 Lester St #404 has 2 bedrooms and 1 bathroom, with about 700–799 square feet of living space. It is a condo in Waterloo.
Is 280 Lester St #404 close to transit?
The nearest rapid-transit station is University of Waterloo Station (ION), about 520 m (about a 6-minute walk) in a straight line. Laurier - Waterloo Park Station is about 710 m (about a 9-minute walk), and Research and Technology Station is about 1.0 km (about a 13-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 280 Lester St #404?
About $1,891 a month — principal and interest on $385,000 with 20% down ($77,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 280 Lester St #404 compare with other homes in Waterloo?
Its asking price of $385,000 is about 44% below the median sold price in Waterloo over the last 90 days, $689,000, across 433 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 280 Lester St #404 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 280 Lester St #404 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 280 Lester St #404?
280 Lester St #404 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 280 Lester St #404 been on the market?
2 days — 280 Lester St #404 was listed on October 20, 2026.
What is the price per square foot of 280 Lester St #404?
About $482 to $550 per square foot: the asking price of $385,000 over the 700–799 sq ft the listing gives as its size range.
Does 280 Lester St #404 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
