$509,000
251 Lester Street 203, Waterloo, ON N2L 3W6
Waterloo
- Bedrooms
- 5
- Bathrooms
- 2
- Parking
- 0
- Type
- Condo Apartment
About this listing
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.
Property details
- Days on market
- 3 days
- Property taxes
- $4,356/yr (2025)
- Maintenance fee
- $781/mo
- Fee includes
- Heat Included, Common Elements Included, Building Insurance Included, Water Included, CAC Included
- Style
- Apartment
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Basement
- None
- Construction
- Brick
Payment calculator
- Mortgage amount
- $407,200
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Location
View Walk Score, Transit Score & Bike Score
Walkability, transit, and bike-friendliness for 251 Lester Street 203, Waterloo, ON N2L 3W6
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13115662
Listed by ROYAL LEPAGE SIGNATURE REALTY
On market since May 12, 2026
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About 251 Lester Street 203, Waterloo, ON N2L 3W6
How much is 251 Lester Street 203, Waterloo, ON N2L 3W6?
251 Lester Street 203, Waterloo, ON N2L 3W6 is listed for $509,000 CAD.
How many bedrooms and bathrooms does 251 Lester Street 203, Waterloo, ON N2L 3W6 have?
251 Lester Street 203, Waterloo, ON N2L 3W6 has 5 bedrooms and 2 bathrooms.
What type of property is 251 Lester Street 203, Waterloo, ON N2L 3W6?
251 Lester Street 203, Waterloo, ON N2L 3W6 is a Condo Apartment.
What neighbourhood is 251 Lester Street 203, Waterloo, ON N2L 3W6 in?
251 Lester Street 203, Waterloo, ON N2L 3W6 is in Waterloo, Ontario.
Is 251 Lester Street 203, Waterloo, ON N2L 3W6 for sale or for rent?
251 Lester Street 203, Waterloo, ON N2L 3W6 is currently for sale.
How do I book a showing for 251 Lester Street 203, Waterloo, ON N2L 3W6?
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 251 Lester Street 203, Waterloo, ON N2L 3W6 (MLS# X13115662). You can also send a message through the contact form on this site.