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#203 251 Lester Street, Waterloo, ON N2L3W6

$509,0005Beds 2Baths 1,200Sqft
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Property Overview

  • Apartment Home Type
  • Low Rise Apartment Building Type
  • NoneCommunity
  • 5 Beds
  • 2 Full Baths
  • Air Conditioning (Central) Cooling
  • 0 Half Baths
  • 0 Parking Space(s)
  • — Property Taxes
  • 109 days Days on Market
  • X13115662 MLS® #
  • $424 Price / Sqft
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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.

Interior Details

FlooringSee Home Description
HeatingSee Home Description
CoolingAir Conditioning (Central)
Number of fireplaces0
Basement detailsNone
Basement featuresNone

Exterior Details

ExteriorBrick
Construction typeSee Home Description
Roof typeOther
Foundation typeSee Home Description

More Information

Property

Community featuresNone
Front exposureEast

Strata Details

Strata typeUnsure
Strata fee$781 / month
Strata fee includesHeat, Water / Sewer
Animal PolicyAllows pets (Yes-with Restrictions)

Parking

Parking space includedYes
Total parking0
Parking featuresNo Garage

Data is supplied by the Toronto Regional Real Estate Board (TRREB) MLS® System. TRREB is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data was last updated Friday, August 28, 2026, 2:34:34 PM UTC.