1 day on Market

246 Lester St #PH-03, Waterloo, Ontario N2L 0H1

In the same building:
-
Condo
2
2
~500-599 sqft
$469,900
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Condo
2
2
~500-599 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$862/sqft

Monthly cost

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Description

Welcome to PH03 at 246 Lester Street, a penthouse-level 2 bedroom, 2 bathroom condo in one of Waterloo's most convenient student-focused rental locations. Offering 571 sq. ft. of efficient living space, this unit is just minutes from both the University of Waterloo and Wilfrid Laurier University, making it a strong option for investors, parents planning ahead for student housing, or buyers looking for a low-maintenance property in a high-demand area.The layout features an open-concept kitchen and living area, two bedrooms, two full bathrooms, in-suite laundry, and a private balcony with views toward Waterloo Park. The unit is currently tenanted and will be vacant at the end of August, right in time for the start of the school year. A low condo fee includes utilities, with the exception of electricity, helping keep monthly carrying costs more predictable.With campus, transit, restaurants, cafes, shopping, parks, and everyday amenities all close by, PH03 offers a practical and well-located opportunity in the heart of Waterloo's student rental market. No parking included.


Property Details

Style1 Storey/Apt
View-
Age of property6-10
SqFt~500-599 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX13068636
Community NameColumbia
Data SourceTRREB
Listing byHOUSESIGMA INC.

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Kitchen

3.66 x 1.76

Br

2.77 x 3.68

Bathroom

1.73 x 1.68

3 Pc Ensuite

Br

2.8 x 2.67


Features

Patio: Open
Balcony: Open

12Story
Amenities

Gym

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

May 1, 2026
ListedActive
$469,900
1 day on market
history photo preview48
Listing by trreb®
Property listed by HOUSESIGMA INC., Brokerage
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Market Data - Columbia

Geo Zone Map ThumbnailColumbia

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

53 days

Compared to

2025

49 days

2024

32 days

2023

35 days

New Listings

Past 30 days

45 listings

Compared to

2025

45 listings

2024

45 listings

2023

35 listings

Units sold

Past 30 days

8 units

Compared to

2025

6 units

2024

15 units

2023

21 units

Median Sold Price

Past 30 days

$320,250

Compared to

2025

$455,000

2024

$415,000

2023

$488,000


Population and Demographics

Overview

Total population 7359
Average household income $71,241

Age (%)

0 to 19
15%
20 to 34
64%
35 to 49
9%
50 to 64
7%
65 and plus
5%

Household composition (%)

Single person
40%
Multi person
32%
Single family
28%
Multi family
0%

Mother tongue (%)

English
56%
Mandarin
17%
Hindi
5%
Others
3%
Punjabi (Panjabi)
3%
Arabic
3%
Gujarati
2%
Spanish
2%
Telugu
1%

House tenancy (%)

Renters
86%
Owners
14%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget