Maintenance fees
$802.00
Locker
None
Exposure
N
Possession
2026-06-01
Price per sqft
$364 - $424
Taxes
$4,370 (2025)
Outdoor space
-
Age of building
16-30 years old
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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®#: X13170540
Property details
Neighbourhood:
Parking:
No
Parking type:
None
Property type:
Condo Apt
Heating type:
Fan Coil
Style:
Apartment
Ensuite laundry:
No
MLS Size:
1200-1399 sqft
Listed on:
May 25, 2026
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Instant estimate:
orto view instant estimate
$16,501
higher than listed pricei
High
$554,480
Mid
$525,501
Low
$509,919
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Included in Maintenance Fees
Heat
Water
1/41
$509,000
14 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $781
MLS#: X13115662
ROYAL LEPAGE SIGNATURE REALTY
1/36
$525,000
199 days
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $790
MLS#: X12525442
ROYAL LEPAGE SIGNATURE REALTY
1/42
$509,000
1 day
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $802
MLS#: X13170624
ROYAL LEPAGE SIGNATURE REALTY
1/44
Featured
$549,990
5BD
2BA
0 Parking
1,200-1,399 sqft
Maint. Fee $802
MLS#: X13126804
PROPERTY.CA INC.