203 - 251 Lester Street

203 - 251 Lester Street
203 - 251 Lester Street
203 - 251 Lester Street
+38
5
 bed
2
 bath
0
 parking
1200 - 1399
 sqft
Condo Apt
$529,000
For Sale
1 day
 on site
$529,000
Click to open the pre-gallery to get the direction
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
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.
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
NameSizeFeatures
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
$15,392
higher than listed price
i
High
$574,413
Mid
$544,392
Low
$528,249
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Included in Maintenance Fees

Heat
Water
605 - 251 Lester Street
1/12
$525,000
13 days
605 - 251 Lester Street
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12464454
ROYAL LEPAGE SIGNATURE REALTY
13 days
202 - 251 Lester Street
1/12
$525,000
13 days
202 - 251 Lester Street
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12464450
ROYAL LEPAGE SIGNATURE REALTY
13 days
304 - 251 Lester Street
1/16
$539,000
25 days
304 - 251 Lester Street
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12444925
ROYAL LEPAGE SIGNATURE REALTY
25 days
206 - 251 Lester Street
1/36
$569,900
103 days
206 - 251 Lester Street
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12293570
ROYAL LEPAGE SIGNATURE REALTY
103 days

About 203 - 251 Lester Street

203 - 251 Lester Street is a Waterloo condo for sale. It has been listed at $529000 since October 2025. This 1200-1399 sqft condo has 5 beds and 2 bathrooms.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this condo.

Transit riders take note, 251 Lester St, Waterloo is nearby to the closest public transit Bus Stop (University Ave. / Sunview) with route Hazel, route Westmount, and more.