$509,000
 $2,732 est/mo Sourced by Back At You

251 Lester Street 401,Waterloo, ON N2L 3W6

Waterloo, ON N2L 3W6

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Description

Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St has the potential to generate over $49,000/year in gross rental income with positive monthly cash flow. Just steps to Wilfrid Laurier University and the University of Waterloo, this high-demand location ensures consistent tenancy. Features include a spacious open-concept living area, two full baths, included furniture, and professional property management options for a completely hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry facilities, elevator access, and proximity to transit, shops, and various amenities.

Details

MLS #X13170540
Listing TypeFor Sale
StyleCondominium
HOA Dues$802
Sub-TypeResale
StatusNew
Year0
Days On Site160
Listing Provided ByROYAL LEPAGE SIGNATURE REALTY | X13170540 572001

Features

Bed(s)5
Bath(s)2

Interior

Interior FeaturesVentilation System
CoolingCentral Air
Heat SourceGas
Fireplace Yes / NoNo
Laundry FeaturesCoin Operated, In Building

Exterior

Construction MaterialsConcrete

Parking

Garage Yes / NoYes
Parking FeaturesNone

Taxes

Tax Annual Amount4370
Tax Year2025

Area Information

ProvinceON
CountyWaterloo
CityWaterloo
Postal CodeN2L 3W6
Listing VS Median (in N2L 3W6)
Price:
$509,000
low | high
Med:
$0
On site:
160
low | high
Med:
Sourced by Back At You

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Additional Information

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Learn More About This Property

LOISANN DARRACH

LOISANN DARRACH

Coldwell Banker The Real Estate Centre

 (905) 898-0000loisann.homes@gmail.com
ProvinceON
CountyWaterloo
CityWaterloo
Postal CodeN2L 3W6
Listing VS Median (in N2L 3W6)
Price:
$509,000
low | high
Med:
$0
On site:
160
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $381K - $636K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
251 Lester Street 203 Property Photo 1
$509,000
251 Lester Street 203
Waterloo, ON N2L 3W6
251 Lester Street 101 Property Photo 1
$509,000
251 Lester Street 101
Waterloo, ON N2L 3W6
251 Lester Street 206 Property Photo 1
$489,000
251 Lester Street 206
Waterloo, ON N2L 3W6
246 Lester Street PH-03 Property Photo 1
$469,900
246 Lester Street Ph-03
Waterloo, ON N2L 0H1
401-253 Lester Street Property Photo 1
$488,900
401-253 Lester Street
Waterloo, ON N2L 3W6
Listing Updated: September 29, 2026 at 11:22:54 PM PDT

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LOISANN DARRACH

355 Muskoka Road South
Gravenhurst, ON P1P 1J4
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.
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