$525,000
FOR SALE

Condo Apartment

Bedrooms: 5Bathrooms: 2
Maintenance Fees: $790.49

251 Lester Street #206
Waterloo, ON N2L 3W6

Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 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, elevator access, and proximity to transit, shops, and amenities. (id:47421)
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Listed By ROYAL LEPAGE SIGNATURE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12525442
Last Updated Nov 10, 2025
Property Summary
Property Type Condo Apartment

More like this:
Maintenance Fees $790.49
Price History

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Detailed Information
Bedrooms 5
Bathrooms 2
Community Features Pets Allowed With Restrictions
Features Laundry- Coin operated
Listing Contract Date 2025-11-08
Location Description University ave W / Lester St
Maintenance Fee Payment Frequency Monthly
Maintenance Fee Type Heat, Water, Common Area Maintenance, Insurance
Management Company CIE Property Management
Ownership Type Condominium/Strata
Property Type Single Family
Transaction Type For sale
Building
Appliances Dishwasher, Hood Fan, Stove, Refrigerator
Basement Type None
Cooling Type Central air conditioning
Exterior Finish Brick
Heating Fuel Natural gas
Heating Type Forced air
Type Apartment
Rooms
Room Level Dimensions Notes
Living roomMain level2.9 m x 2.82 m
Dining roomMain level3.43 m x 8.43 m
KitchenMain level3.43 m x 8.43 m
FoyerMain level3.43 m x 8.43 m
Primary BedroomMain level4.6 m x 2.36 m
Bedroom 2Main level3.73 m x 2.67 m
Bedroom 3Main level2.64 m x 3.96 m
Bedroom 4Main level3.56 m x 2.64 m
Bedroom 5Main level4.11 m x 2.34 m
Parking Spaces
Name Spaces
No Garage

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