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251 Lester Street Waterloo ON

📍 Waterloo, Ontario N2L 3W6

$509,000

Active
5BEDS
2BATHS
1KITCHENS
16-30AGE

📋 Listing Highlights

StatusActive
MLS®X13170540
ListedMay 25, 2026
Days on Market—
Property TypeResidential Condo & Other
StyleCondo Apartment
Cross StreetUniversity Ave W / Lester St
PossessionFlexible
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📝 Listing 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

Property TypeResidential Condo & Other
StyleCondo Apartment
Bedrooms5
Bathrooms2
Kitchens1
Approx. Age16-30

🔧 Building & Utilities

Heat SourceGas
HeatingFan Coil
CoolingCentral Air
BasementNone
GarageUnderground
ConstructionConcrete

💰 Financial

List Price$509,000
Annual Taxes$4,370 (2025)
PossessionFlexible

🧮 Mortgage Calculator

$101,800
Est. Monthly Payment
$2,501/mo
Principal: $407,200 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by ROYAL LEPAGE SIGNATURE REALTYData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X13170540 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.