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

203 - 251 Lester Street,Waterloo, ON N2L3W6

Waterloo, ON N2L3W6

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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. (id:374)

Details

MLS #X13115662
Listing TypeFor Sale
StyleCondominium
Strata Fees$781
StatusActive
Days On Site166
Listing Provided ByROYAL LEPAGE SIGNATURE REALTY | SUMIT TAGGAR

Features

Bed(s)5
Bath(s) 2 Total
SQ Feet1,200

Interior

CoolingCentral air conditioning, Ventilation system
HeatingForced air, Natural gas
AppliancesRefrigerator, Dishwasher, Stove, Hood Fan
Fireplace Yes / NoNo

Parking

Parking FeaturesNo Garage
Parking Total0

Taxes

Tax Annual Amount4356.03
Tax Year2025

Area Information

ProvinceON
CityWaterloo
Postal CodeN2L3W6
Listing VS Median (in N2L3W6)
Price:
$509,000
low | high
Med:
$493,500
53.045284872299% of Average
sqft:
1,200
low | high
Med:
1,200
50% of Average
$ / sqft:
$424
low | high
Med:
$411
53.045284872299% of Average
On site:
166
low | high
Med:
92
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Trevor Docherty

Trevor Docherty

Sutton Group - Muskoka Realty Brokerage

Broker/Owner (705) 787-5060tdocherty@sutton.com
ProvinceON
CityWaterloo
Postal CodeN2L3W6
Listing VS Median (in N2L3W6)
Price:
$509,000
low | high
Med:
$493,500
53.045284872299% of Average
sqft:
1,200
low | high
Med:
1,200
50% of Average
$ / sqft:
$424
low | high
Med:
$411
53.045284872299% of Average
On site:
166
low | high
Med:
92
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $381K - $636K
sqft: 900 - 1,500
Nearby Listings Property ImageNearby Listings Details
101 - 251 LESTER STREET Property Photo 1
$509,000
101 - 251 Lester Street
Waterloo, ON N2L3W6
401 - 251 LESTER STREET Property Photo 1
$509,000
401 - 251 Lester Street
Waterloo, ON N2L3W6
206 - 251 LESTER STREET Property Photo 1
$489,000
206 - 251 Lester Street
Waterloo, ON N2L3W6
101 - 253 LESTER STREET Property Photo 1
$509,000
101 - 253 Lester Street
Waterloo, ON N2L3W6
204 - 253 LESTER STREET Property Photo 1
$497,999
204 - 253 Lester Street
Waterloo, ON N2L3W6
Listing Updated: September 29, 2026 at 3:18:33 AM PDT

Trevor Docherty - Sutton