Maintenance fees
$781.37
Locker
None
Exposure
E
Possession
Flexible
Price per sqft
$378 - $441
Taxes
$4,356.03 (2025)
Outdoor space
-
Age of building
-
See what's nearby
Description
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.
Broker: ROYAL LEPAGE SIGNATURE REALTY
MLS®#: X12485550
Property details
Neighbourhood:
Parking:
No
Parking type:
None
Property type:
Condo Apt
Heating type:
Forced Air
Style:
Apartment
Ensuite laundry:
No
MLS Size:
1200-1399 sqft
Listed on:
Oct 28, 2025
Show all details
Rooms
| Name | Size | Features |
|---|---|---|
Kitchen | 0.0 x 0.0 ft | |
Dining Room | 0.0 x 0.0 ft | |
Living Room | 9.5 x 9.2 ft |
Instant estimate:
orto view instant estimate
$12,031
lower than listed pricei
High
$545,477
Mid
$516,969
Low
$501,640
Have a home? See what it's worth with an instant estimate
Use our AI-assisted tool to get an instant estimate of your home's value, up-to-date neighbourhood sales data, and tips on how to sell for more.
Included in Maintenance Fees
Heat
Water
1/36
$525,000
35 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12525442
ROYAL LEPAGE SIGNATURE REALTY
1/12
$525,000
58 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12464454
ROYAL LEPAGE SIGNATURE REALTY
1/12
$525,000
58 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12464450
ROYAL LEPAGE SIGNATURE REALTY
1/16
$539,000
70 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12444925
ROYAL LEPAGE SIGNATURE REALTY