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203 251 Lester Street
Waterloo
N2L 3W6
$529,000
Residential
beds: 5
baths: 2.0
1,389 sq. ft.
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 40783717
- Bedrooms:
- 5
- Bathrooms:
- 2
- Photos (41)
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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.
- Property Type:
- Residential
- Property SubType:
- Condo/Apt Unit
- Listing General Location:
- 417 - Beechwood/University, 4 - Waterloo West
- Bedrooms:
- 5
- Bathrooms:
- 2.0 (Full:2/Half:0)
- Frontage Type:
- East
- Kitchens:
- 1
- Home Style:
- 1 Storey/Apt
- County Or Parish:
- Waterloo
- Property Attached:
- Attached
- Features:
- Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- Construction:
- Other
- Roof:
- Other
- Number of Buildings:
- 0
- Total Floor Area:
- 1,389 sq. ft.
- # Main Level Bedrooms:
- 5
- # Main Level Bathrooms:
- 2
- Finished Area Above Grade:
- 1,389 sq. ft.
- Fireplace:
- false
- Laundry Features:
- Coin Operated, In Building
- Water Supply:
- Municipal
- Sewer:
- Sewer (Municipal)
- Cooling:
- Central Air
- Heating:
- Forced Air, Natural Gas
- Furniture,Range Hood,Refrigerator,Stove
- Range Hood, Refrigerator, Stove
- Ventilation System
- Elevator(s), Parking
- false
- No
- University ave W / Lester St
- No
- Restricted
- HST Applicable To Sale Price:
- Included
- Association Fee Includes:
- Insurance,Central Air Conditioning,Common Elements,Heat,Internet,Water
- Features:
- Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- Condo Corporation Number:
- 641
- Condo Corporation:
- Yes
- Zoning:
- GR
- Exposure / Faces:
- South
- Lot Site Features:
- Urban, Library, Major Highway, Place of Worship, Public Parking, Public Transit
- Features:
- Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- Garage Spaces:
- 0.0
- Parking Places Covered:
- 0.0
- # Of Total Parking Spaces:
- 0.0
- # Of Open Parking Spaces:
- 0.0
- Driveway Parking:
- None
- Listed Date:
- Oct 27, 2025
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated April 10, 2026 at 03:50 PM (UTC)
Area Statistics
- Listings on market:
- 47
- Avg list price:
- $499,000
- Min list price:
- $315,000
- Max list price:
- $1,888,800
- Avg days on market:
- 28
- Min days on market:
- 1
- Max days on market:
- 165
- Avg price per sq.ft.:
- $436.04
These statistics are generated based on the current listing's property type
and located in
417 - Beechwood/University. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- SURESH KUMAR
- RE/MAX TWIN CITY REALTY INC.
- 1 (647) 9017116
- Contact by Email
Contact Us
Direct: 647-901-7116
info@sureshkangayam.com
Head Office
901 Victoria Street, North
Kitchener, ON, N2B 3C3
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.