About 251 Lester Street 203
Room #1 - , #2 - , ending , #3 - , #4 - , ending, #5 - , ending . 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.
Features of 251 Lester Street 203
| MLS® # | 40783717 |
|---|---|
| Price | $529,000 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,389 |
| Acres | 0.00 |
| Type | Residential |
| Sub-Type | Condo/Apt Unit |
| Style | 1 Storey/Apt |
| Status | Active |
Community Information
| Address | 251 Lester Street 203 |
|---|---|
| Area | 4 - Waterloo West |
| Subdivision | 417 - Beechwood/University |
| City | Waterloo |
| County | Waterloo |
| Province | ON |
| Postal Code | N2L 3W6 |
Amenities
| # of Garages | 0.00 |
|---|---|
| Is Waterfront | No |
Interior
| Interior Features | Ventilation System |
|---|---|
| Appliances | Range Hood, Refrigerator, Stove |
| Heating | Forced Air, Natural Gas |
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | No |
Exterior
| Lot Description | Urban, Library, Major Highway, Place of Worship, Public Parking, Public Transit |
|---|---|
| Roof | Other |
| Construction | Other |
Additional Information
| Date Last Updated | November 2nd, 2025 |
|---|---|
| Zoning | GR |
| HOA Fees | 781.37 |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | ROYAL LEPAGE SIGNATURE REALTY |
|---|