$509,000 $2,732 est/mo Sourced by Back At You
251 Lester Street 203,Waterloo, ON N2L 3W6
Waterloo, ON N2L 3W6
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 # | X13115662 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $781 |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 104 |
| Listing Provided By | ROYAL LEPAGE SIGNATURE REALTY | X13115662 572001 |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 |
Interior
| Interior Features | Ventilation System |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
| Laundry Features | In Building |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Taxes
| Tax Annual Amount | 4356.03 |
|---|---|
| Tax Assessed Value | 319000 |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Waterloo |
| Postal Code | N2L 3W6 |
| Listing VS Median (in N2L 3W6) | |
Price: $509,000 low | high Med: $0 On site: 104 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Waterloo |
| Postal Code | N2L 3W6 |
| Listing VS Median (in N2L 3W6) | |
Price: $509,000 low | high Med: $0 On site: 104 low | high Med: | |
Nearby Listings (Within 1/10 mile)
Price: $381K - $636K
sqft: 0 - 0
Listing Updated: May 26, 2026 at 11:55:10 PM PDT