Sold
$355,000
2bed|1bath|500-599sqft
1 parking|0 locker
Unit 505
280 Lester Street 505, Waterloo, ON N2L 0G2
Residential Condo & Other|$440 fees|$3495 tax
MLS #X13462684
View complete sale history and details
+18 more
1 / 20
Unit 111 at Sage 5
For Sale280 Lester Street 111, Waterloo, ON N2L 0G2
MLS #X13473114
$569,900
Listed Price
About This Property
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/month until September 30, 2028, 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.
Investment Analysis
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting property tax ($8,987/yr). Does not include insurance, vacancy, or repairs.
Price Per Square Foot Comparison
This Unit
$704/sqftFair Market Price
Analysis based on 0 sales and 0 leases in this building. Unit size estimated at 810 sqft.
Property Details
Bathrooms
1
Property Type
Commercial
ParkingNo
Parking TypeNone
LockerNo
Heating TypeGas Forced Air Closed
Ensuite LaundryNo
MLS Size-
Listed OnJun 21, 2026
Property Tax$8,987/year
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Unit 618
MLS# X13496232280 Lester Street 618, Waterloo, ON N2L 0G2
1bed|1bath|549sqft
0parking|0locker
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Unit 202
MLS# X13113084280 Lester Street 202, Waterloo, ON N2L 0G2
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$399,000
Unit 406
MLS# X11898446280 LESTER Street 406, Waterloo, ON N2L 0G2
1bed|1bath|500-599sqft
1parking|0locker
Residential Condo & Other|$356 fees|$2954 tax
69 days on market
OQ
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Building Information
Building NameSage 5
Address280 Lester Street, Waterloo
Parking Type
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About Unit 111 at Sage 5
Unit 111 is a commercial, 1 bathroom located at Sage 5, 280 Lester Street, Waterloo. This unit is currently for sale at $570K.
About Sage 5
Sage 5 is located at 280 Lester Street, Waterloo. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.
Whether you're looking to buy, sell, or rent at Sage 5, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.
Keywords: Unit 111 Sage 5
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