203 - 251 LESTER STREET

Waterloo, , N2L3W6, Canada

$529,000

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.

EXTRAS: Refrigerator, Dishwasher, Stove, Hood Fan

Last updated on : Monday 10th of November 2025 01:26:12 PM

ADDRESS

Street : 203 - 251 LESTER STREET

City : Waterloo

Country : Canada

Postal Code : N2L3W6

Open in Google Map

PROPERTY SUMMARY

Property ID : X12485550

Building Type : Apartment

Property Type : Single Family

Bedrooms : 5

Bathrooms : 2

Parking Type: No Garage

Maintenance Fees : $781.37

Similar Properties

Single Family

103 - 288 ALBERT STREET

Waterloo, Ontario, N2L0G9

$629,900

Beds: 5Baths: 3

property Type: Row / Townhouse

type: Sale

Wahaj Ahmed
6 hours ago

DETAILS

Single Family

UNIT 3 - 1306 GUELPH LINE

Burlington (Mountainside), Ontario, L7P2S9

$599,900

Beds: 5Baths: 4

property Type: Row / Townhouse

type: Sale

GURMUKH GILL
2 days ago

DETAILS

Single Family

5-11 BAY STREET EAST EAST

Blue Mountains, Ontario, N0H2P0

$1,999,000

Beds: 5Baths: 4

property Type: Row / Townhouse

type: Sale

JANET NIELSEN
1 month ago

DETAILS

Single Family

116 DARRAS COURT

Brampton (Southgate), Ontario, L6T1W7

$489,990

Beds: 5Baths: 3

property Type: Row / Townhouse

type: Sale

KAMAL AMIRTHALINGAM
1 day ago

DETAILS

Single Family

1221 MIKE WEIR DRIVE

Sarnia, Ontario, N0N1C0

$1,199,900

Beds: 5Baths: 3

property Type: House

type: Sale

LAURIE SOMERS
1 day ago

DETAILS

Inquire about this property