$489,000
251 Lester Street 206, Waterloo, ON N2L 3W6
Waterloo · N2L 3W6
Listing brokerage: ROYAL LEPAGE SIGNATURE REALTY
- Beds
- 5
- Baths
- 2
- Sq ft
- 1200–1399
- Parking
- 0
Monthly costs
Maintenance
$790/mo
$0.63 per sq ft
Property taxes
$338/mo
$4,059 a year (2025)
About $1,129 a month in fees and taxes, before the mortgage.
The fee covers
- Covered: Heat
- Covered: Water
- Covered: Air conditioning
- Covered: Common Elements
- Covered: Building Insurance
- Not covered: Hydro
Bills not covered are paid by the owner.
The unit
- Exposure
- East
- Parking
- None
- Locker
- None
- Balcony
- None
- Laundry
- Coin Operated, In Building
- Possession
- TBD
The building
251 Lester Street 206
- 3 for sale
About this home
Rare turnkey student asset generating $36,120/year gross in-place revenue ($3,010/month). Skip the leasing headache-Suite 206 at 251 Lester St is a purpose-built 5-bedroom, 2-bathroom residence featuring fully executed Ontario Standard Leases on long-term fixed horizons, backed by designated parental guarantors and managed turnkey by Property Management. Why gamble on unverified tenants when you can acquire secured cash flow from Day 1? Situated just steps from both the University of Waterloo and Wilfrid Laurier University, this unbeatable AAA location virtually eliminates vacancy risk while ensuring steady demand year after year. The suite comes complete with furnished living areas, an expansive open-concept common layout, two full four-piece bathrooms, and easy elevator access. Ownership is streamlined and predictable, as condo maintenance fees conveniently cover both heat and water. Professional property management infrastructure is already active and running smoothly behind the scenes, featuring automated tenant rent collection. Commuting is effortless with rapid access to the ION LRT transit line, local tech hubs, university plazas, grocery stores, and vibrant dining destinations. Whether you are expanding an established multi-family portfolio or are a parent-investor searching for a low-maintenance asset with strong fundamentals, this property delivers immediate predictability. Book your private viewing today!
All details22 more from the listing · Interior, Building, Heating, Parking, Exterior, Taxes, Listing
Interior
- Bedrooms
- 5
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 8
- Size
- 1200-1399 sq ft
Building & Amenities
- Floor
- 2
- Property management
- WILSON BLANCHARD
Heating & Cooling
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
Parking
- Covered spaces
- 0
Features
- Underground
Exterior & Lot
- Style
- Apartment
- Exterior
- Brick
Taxes & Fees
- HST
- Not Subject to HST
Listing
- MLS® number
- X13861922
- Type
- Condo Apartment
- Transaction
- For Sale
- Cross streets
- University Ave W / Lester St
- Co-listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms · 11Living Room, Dining Room, Kitchen, Foyer, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Washroom ×2
Living Room
Main
2.90 × 2.82 m · 9′6″ × 9′3″
Dining Room
Main
3.43 × 8.43 m · 11′3″ × 27′8″
Kitchen
Main
3.43 × 8.43 m · 11′3″ × 27′8″
Foyer
Main
3.43 × 8.43 m · 11′3″ × 27′8″
Primary Bedroom
Main
4.60 × 2.36 m · 15′1″ × 7′9″
Bedroom 2
Main
3.73 × 2.67 m · 12′3″ × 8′9″
Bedroom 3
Main
2.64 × 3.96 m · 8′8″ × 13′0″
Bedroom 4
Main
3.56 × 2.64 m · 11′8″ × 8′8″
Bedroom 5
Main
4.11 × 2.34 m · 13′6″ × 7′8″
4-piece washroom
Main
4-piece washroom
Main
History
Past listings and sales for this home and building.
Location
251 Lester Street 206, Waterloo, ON N2L 3W6 · Near University Ave W / Lester St
Monthly cost
Estimated monthly cost
$3,294/mo
- Mortgage
- $2,165
- Property tax
- $338
- Maintenance
- $790
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Other homes in 251 Lester Street 206
3
The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
$489,000
Tour in person or by video