$509,000
251 Lester Street 401, Waterloo, ON N2L 3W6
Waterloo · N2L 3W6
Listing brokerage: ROYAL LEPAGE SIGNATURE REALTY
- Beds
- 5
- Baths
- 2
- Sq ft
- 1200-1399
- Parking
- 0
About this home
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
Interior
- Bedrooms
- 5
- Bathrooms
- 2
- Washrooms
- 1 × 4-piece (Flat), 1 × 3-piece (Flat)
- Kitchens
- 1
- Rooms
- 8
- Size
- 1200-1399 sq ft
- Basement
- None
- Laundry
- Coin Operated, In Building
- Features
- Ventilation System
Building & Amenities
- Maintenance
- $802/mo
- Fees include
- Heat Included, Common Elements Included, Building Insurance Included, Water Included
- Pets
- Yes-with Restrictions
- Balcony
- None
- Locker
- None
- Floor
- 4
- Exposure
- North
- Property management
- WILSON BLANCHARD
Heating & Cooling
- Heating
- Fan Coil
- Heat source
- Gas
- Cooling
- Central Air
Parking
- Garage
- Underground
- Total spaces
- 0
- Covered spaces
- 0
- Features
- None
Exterior & Lot
- Style
- Apartment
- Exterior
- Concrete
Taxes & Fees
- Property taxes
- $4,370 (2025)
- HST
- Included In
Listing
- MLS® number
- X13170540
- Type
- Condo Apartment
- Transaction
- For Sale
- Cross streets
- University Ave W / Lester St
- Age
- 16-30
- Possession
- Flexible
- Co-listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
History
Past listings and sales for this home and building.
The building
251 Lester Street 401
Waterloo
Building details, fees and every home for sale or rent
Other homes in this building
3 for sale
Location
251 Lester Street 401, Waterloo, ON N2L 3W6 · Near University Ave W / Lester St
Monthly cost
Estimated monthly cost
$3,420/mo
- Mortgage
- $2,254
- Property tax
- $364
- Maintenance
- $802
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
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