$509,000
FOR SALE

Condo Apartment

Bedrooms: 5Bathrooms: 2
2025 Taxes: $4,356.03Maintenance Fees: $781.37

251 Lester St #203
Waterloo, ON N2L 3W6

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.
Extras
Ventilation System
Share
Listed By ROYAL LEPAGE SIGNATURE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13115662
Last Updated May 12, 2026
Property Summary
Property Type Condo Apartment

More like this:
PIN 236410060
Possession Date Flexible
Taxes (2025) $4,356.03
Maintenance Fees $781.37
Directions/Cross Streets University Ave W / Lester St
Area Waterloo
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Special Designations Unknown
Bedrooms 5
Bathrooms 2
Exterior Brick
Air Conditioning Central Air
Garage Type None
Heat Source Gas
Heat Type Forced Air

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
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.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)