Maintenance fees
$781.37
Locker
-
Exposure
E
Possession
2026-12-01
Price per sqft
$364 - $424
Taxes
$4,356.03 (2025)
Outdoor space
-
Age of building
-
See what's nearby
Description
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®#: X13115662
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:
May 12, 2026
Show all details
Rooms
| Name | Size | Features |
|---|---|---|
Dining Room | 0.0 x 0.0 ft | |
Kitchen | 0.0 x 0.0 ft | |
Living Room | 9.5 x 9.2 ft |
Instant estimate:
orto view instant estimate
$28,818
lower than listed pricei
High
$506,663
Mid
$480,182
Low
$465,944
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Included in Maintenance Fees
Heat
Water
1/36
$498,999
34 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X13470720
ROYAL LEPAGE SIGNATURE REALTY
1/42
$509,000
60 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $802
MLS#: X13170540
ROYAL LEPAGE SIGNATURE REALTY
1/44
Featured
$497,999
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $802
MLS#: X13126804
PROPERTY.CA INC.
1/15
$545,900
4 days
5BD
2BA
1 Parking
1,200-1,399 sqft
Maint. Fee $697
MLS#: X13585568
RE/MAX HALLMARK REALTY LTD.