203 251 Lester Street
Waterloo
N2L 3W6
$529,000
Residential
beds: 5
baths: 2.0
1,389 sq. ft.
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 40783717
- Bedrooms:
- 5
- Bathrooms:
- 2
- Photos (41)
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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.
- Property Type:
- Residential
- Property SubType:
- Condo/Apt Unit
- Listing General Location:
- 417 - Beechwood/University, 4 - Waterloo West
- Bedrooms:
- 5
- Bathrooms:
- 2.0 (Full:2/Half:0)
- Frontage Type:
- East
- Kitchens:
- 1
- Home Style:
- 1 Storey/Apt
- County Or Parish:
- Waterloo
- Taxes:
- Signup
- Property Attached:
- Attached
- Features:
- Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- Construction:
- Other
- Roof:
- Other
- Number of Buildings:
- 0
- Total Floor Area:
- 1,389 sq. ft.
- # Main Level Bedrooms:
- 5
- # Main Level Bathrooms:
- 2
- Finished Area Above Grade:
- 1,389 sq. ft.
- Fireplace:
- false
- Laundry Features:
- Coin Operated, In Building
- Water Supply:
- Municipal
- Sewer:
- Sewer (Municipal)
- Cooling:
- Central Air
- Heating:
- Forced Air, Natural Gas
- Furniture,Range Hood,Refrigerator,Stove
- Range Hood, Refrigerator, Stove
- Ventilation System
- Elevator(s), Parking
- false
- No
- University ave W / Lester St
- No
- Restricted
- Floor
- Type
- Size
- Other
- HST Applicable To Sale Price:
- Included
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Association Fee 2:
- Signup
- Association Fee 2 Frequency:
- Signup
- Association Fee Includes:
- Insurance,Central Air Conditioning,Common Elements,Heat,Internet,Water
- Administrative Fee:
- Signup
- Features:
- Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- Road Access Fee:
- Signup
- Condo Corporation Number:
- 641
- Condo Corporation:
- Yes
- Zoning:
- GR
- Exposure / Faces:
- South
- Lot Site Features:
- Urban, Library, Major Highway, Place of Worship, Public Parking, Public Transit
- Features:
- Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- Garage Spaces:
- 0.0
- Parking Places Covered:
- 0.0
- # Of Total Parking Spaces:
- 0.0
- # Of Open Parking Spaces:
- 0.0
- Driveway Parking:
- None
- Total Units:
- Signup
- Listed Date:
- Oct 27, 2025
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated January 31, 2026 at 05:50 AM (UTC)
Area Statistics
- Listings on market:
- 43
- Avg list price:
- $525,000
- Min list price:
- $277,000
- Max list price:
- $1,895,000
- Avg days on market:
- 56
- Min days on market:
- 2
- Max days on market:
- 155
- Avg price per sq.ft.:
- $384.73
These statistics are generated based on the current listing's property type
and located in
417 - Beechwood/University. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- MELANIE & WARREN MCNEIL
- PEAK REALTY LTD, BROKERAGE
- 5195903767
- Contact by Email
5-25 Bruce St
Kitchener, ON, N2B 1Y4