Homes for sale - 251 Lester Street #203, Waterloo, ON N2L 3W6

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2026

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Chris Adams

chris.adams@easyhometeam.ca +1(519) 804-1978

Listed by Poonam Taggar • ROYAL LEPAGE SIGNATURE REALTY

$ 529,000

Est. payment | -/mo

5 Beds

2 Baths

1,389 SqFt

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$ 529,000

Est. payment | -/mo

Save

5 Beds

2 Baths

1,389 SqFt

Key Details

Property Type Condo

Sub Type Condo/Apt Unit

Listing Status Active

Purchase Type For Sale

Square Footage 1,389 sqft

Price per Sqft $380

MLS Listing ID 40783717

Style 1 Storey/Apt

Bedrooms 5

Full Baths 2

HOA Fees $781/mo

HOA Y/N Yes

Abv Grd Liv Area 1,389

Annual Tax Amount $4,356

Property Sub-Type Condo/Apt Unit

Source Cornerstone

Property Description

LEASES: ROOM#1 - $900, ending AUG 26, 2027. ROOM#2 - $750, ending AUG 25, 2028. ROOM#3 - $900, ending AUG 26, 2027. ROOM#4 - $850, ending AUG 25, 2026. ROOM#5 - $900, ending AUG 26, 2027. 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 $51,000/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.

Location

Province ON

County Waterloo

Area 4 - Waterloo West

Zoning GR

Direction University ave W / Lester St

Rooms

Main Level Bedrooms 5

Kitchen 1

Interior

Interior Features Ventilation System

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Range Hood, Refrigerator, Stove

Laundry Coin Operated, In Building

Exterior

Roof Type Other

Garage No

Building

Lot Description Urban, Library, Major Highway, Place of Worship, Public Parking, Public Transit

Faces University ave W / Lester St

Sewer Sewer (Municipal)

Water Municipal

Architectural Style 1 Storey/Apt

Structure Type Other

New Construction No

Others

HOA Fee Include Insurance,Central Air Conditioning,Common Elements,Heat,Internet,Water

Senior Community No

Tax ID 236410060

Ownership Condominium

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Chris Adams

Broker

chris.adams@easyhometeam.ca

+1(519) 804-1978

1440 King Street North St. Jacobs, ON, N0B, 2N0, CAN

251 Lester Street #203 Waterloo, ON N2L 3W6

Chris Adams

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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251 Lester Street #203