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.
For sale
C$509,000
251 Lester St #203, Waterloo, ON N2L 3W6
5beds
2baths
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$781/mo HOA
What's special
- 144 days
- 0
- 0
Zillow last checked:
Listing updated:
Listed by:
ROYAL LEPAGE SIGNATURE REALTY
Source: TRREB,MLS®#: X13115662
Originating MLS®#: Toronto Regional Real Estate Board
Originating MLS®#: Toronto Regional Real Estate BoardFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Dining room
- Level: Main
- Dimensions: 0 x 0
Kitchen
- Level: Main
- Dimensions: 0 x 0
Living room
- Level: Main
- Dimensions: 2.89 x 2.81
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Laundry: In Building
Features
- Basement: None
- Has fireplace: No
Interior area
- Living area range: 1200-1399 null
Property
Parking
- Parking features: None
Details
- Parcel number: 236410060
- Other equipment: Ventilation System
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
Materials
- Brick
Community & HOA
HOA
- Services included: Heat Included, Common Elements Included, Building Insurance Included, Water Included, CAC Included
- HOA fee: C$781 monthly
- HOA name: WSCC
Location
- Region: Waterloo
Financial & listing details
- Tax assessed value: C$319,000
- Annual tax amount: C$4,356
- Date on market: 5/12/2026
Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: N2L
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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