For Sale

251 Lester Street Unit# 203, Waterloo, Ontario N2L 3W6

$529,000

251 Lester Street Unit# 203, Waterloo, Ontario N2L 3W6 is For Sale and has a listing price of 529,000. The property is located in the Waterloo . It's been on the website for 7 Days.

  • 5
    Bedrooms
  • 2
    Bathrooms
  • Parking
  • MLS ID: X12485550
  • Office Name ROYAL LEPAGE SIGNATURE REALTY
Property 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.

Property Details
  • Property Type: Condo
  • Listing Type: For Sale
  • Listing ID: X12485550
  • Price: $529,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Ref ID: X12485550
  • Approx Sqft: 1200-1399
  • Dir / Cross St: University Ave W / Lester St
  • Status: Active
  • Tax Year: 2025
  • Property Sub Category: Condo
Price History
List Date MLS ID List Price Status End Date Closed Price
10/28/2025 X12485550 $529,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Waterloo
  • $804,978 Average List Price
    based on 1 year
  • 213 New Listings
    based on 30 days
  • 60 Median Days on Market
    based on 1 year
  • List vs. Selling Price 116.34 % Up
  • Sold (12mo) 656
  • Rented (12mo) 243

  • 1 Month Change +69.8%
  • 3 Month Change +85.5%
  • 6 Month Change +36.5%
Walkscore
Property Type Distribution
  • All Houses
    45.1%
  • Commercial
    6.44%
  • Condo
    48.36%
  • Land for Sale
    0.1%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Apartment
  • Washroom Type1: 1
  • Garage Type Y
  • Parking Spaces: N/A
  • Exterior Brick
  • Kitchen Y
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 3
  • Washrooms Type 2: 1
  • Taxes: $4,356
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 28/10/2025 14:59:34
  • Laundry Access: In Building
  • Condo Registry Office: WSCC
  • Locker: None
  • Property Mgmt Co: CIE Property Management
  • Condo Corp#: 641
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