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For Sale
$509,000
Estimated monthly cost
$3,513/mo
20% down • 5.00% rate • 25 yr • incl. tax + condo fee

251 Lester Street #203, Waterloo, ON N2L 3W6

Waterloo
1 / 1
5
Beds
2
Baths
1,200–1,399 ft²
Size
Property type
Condo Apartment
Listed
41 Days
Condo fee
$781 / month
MLS® number
X13115662
Listing brokerage
ROYAL LEPAGE SIGNATURE REALTY

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.

Property Details

Ownership
Condo Fee
$781 / month
Property Taxes
$4,356 /yr (2025)
Fee Includes
Heat IncludedCommon Elements IncludedBuilding Insurance IncludedWater IncludedCAC Included
Locker Type
Ensuite+Common
Exposure
East
Balcony
None
Property
Basement
None Basement
Exterior Finish
Brick
Heating
Forced Air · Gas
Cooling
Central Air
Parking
Garage Type
None
Listing
MLS® Number
X13115662
Listed Date
May 12, 2026
Last Updated
May 12, 2026

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School Zones

School boundaries and eligibility may change. Confirm school eligibility directly with the school board.

Location

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$509,000
251 Lester Street #203, Waterloo, ON N2L 3W6

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) and PropTx under the Internet Data Exchange (IDX) program. The information is deemed reliable but is not guaranteed accurate by TRREB, PropTx, CREA or DistrictIQ Inc., Brokerage, may not reflect the most current status, and is subject to errors, omissions, prior sale, change, or withdrawal without notice. Listings should be independently verified.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. Used under licence.

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