© 2026 HomeSix Realty Inc. All rights reserved.
MLS® X13115662
Waterloo, ON
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.
Inclusions
Fridge, Stove, Hood Fan, Dishwasher
Exclusions
Tenants Belongings
Broker
ROYAL LEPAGE SIGNATURE REALTY
Own a home here? See what it could sell for.
Use this listing address as a starting point for a Home6 seller valuation.
Condo Apartment
251 Lester Street #203 Waterloo
Waterloo
Type
Condo Apartment
Basement
None
Parking
None (0)
Property Tax
~$4,356/yr
Heating
Forced Air
Laundry
In Building
Buying Essentials
Maintenance Fee
$781/mo
Fee Includes
Heat · Common Elements · Building Insurance · Water · CAC
Square Feet
1300 sqft
Parking
None (0)
Locker
Ensuite+Common
Finances
List Price
$509,000
Price per SQFT
$392/sqft
Property Tax
~$4,356/yr
Property Specs
Property Type
Condo Apartment
MLS Size
1300 sqft
Exposure
East
Outdoor Space
None
Basement
None
Living & Amenities
Laundry
In Building
Heating Type
Forced Air
Features
Ventilation System
Policies & Utilities
Pets Allowed
Yes-with Restrictions
Neighbourhood
Waterloo
Corp #
WSCC 641
Property Manager
WILSON BLANCHARD
Listed On
May 12, 2026
Days on Market
Current: 178 days
9.5 x 9.2
87 sqft
—
—
Rooms
3
Listed Room Area
87 sqft
Source
Estimated from MLS room dimensions
Learn about the area and demographics around this address.
Schools closest to 251 Lester Street #203 Waterloo.
Source: No verified source available.Catchment boundaries and ratings are shown only when available.
Active alternatives ranked by location, property type, price, bedrooms, size, bathrooms, and recency.
Recent sold or leased properties are shown separately from active alternatives.
Close to 251 Lester Street #203 Waterloo.