206 251 Lester Street, Waterloo

Bedrooms: 5
Bathrooms: 2
Type: Apartment
Added: 1 month ago
Updated: 1 month ago
Last Checked: 1 day ago
Listed by: ROYAL LEPAGE SIGNATURE REALTY
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Listing description
This Condo at 206 251 Lester Street Waterloo, ON with the MLS Number x12293570 listed by SUMIT TAGGAR - ROYAL LEPAGE SIGNATURE REALTY on the Waterloo market 1 month ago at $569,900.

Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 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, elevator access, and proximity to transit, shops, and amenities. The seller will provide one year of professional property management or offer the cash value as part of the sale. Photos are virtually decluttered. (id:1945)

Property Details Key information about 206 251 Lester Street

Cooling: Central air conditioning
Heating:
- Forced air
- Natural gas
Structure Type: Apartment
Exterior Features: Brick

Interior Features Discover the interior design and amenities

Appliances:
- Refrigerator
- Dishwasher
- Stove
- Hood Fan

Exterior & Lot Features Learn about the exterior and lot specifics of 206 251 Lester Street

Parking Features: No Garage

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Nearby Listings Stat Estimated price and comparable properties near 206 251 Lester Street

Active listings

Min Price

$560,000

Max Price

$1,790,000

Avg Price

$747,173

Days on Market

52 days

Sold listings

Min Sold Price

$562,000

Max Sold Price

$889,900

Avg Sold Price

$758,133

Days until Sold

40 days

Nearby Places Nearby schools and amenities around 206 251 Lester Street

Perimeter Institute for Theoretical Physics (1.1 km)
31 Caroline St N, Waterloo

Wilfrid Laurier University (0.6 km)
75 University Ave W, Waterloo

Waterloo Collegiate Institute (0.7 km)
300 Hazel St, Waterloo

University of Waterloo (0.8 km)
200 University Ave W, Waterloo

St Jerome's University (1 km)
Waterloo

St. Paul's University College (1.1 km)
190 Westmount Rd N, Waterloo

Burrito Boyz (0.9 km)
258 King St N, Waterloo

Waterloo Memorial Recreation Complex (1 km)
101 Father David Bauer Dr, Waterloo

Conrad Grebel University College (1.1 km)
140 Westmount Rd, Waterloo

Price History

Listed

July 18, 2025

by ROYAL LEPAGE SIGNATURE REALTY

Apartment For Sale

$569,900

206 251 Lester Street, Waterloo

Listing description This Condo at 206 251 Lester Street Waterloo, ON with the MLS Number x12293570 listed by SUMIT TAGGAR - ROYAL LEPAGE SIGNATURE REALTY on the Waterloo market 1 month ago at $569,900.

Nearby Listings Stat Estimated price and comparable properties near 206 251 Lester Street

Nearby Places Nearby schools and amenities around 206 251 Lester Street

Price History

Similar Condos For Sale

Listing description
This Condo at 206 251 Lester Street Waterloo, ON with the MLS Number x12293570 listed by SUMIT TAGGAR - ROYAL LEPAGE SIGNATURE REALTY on the Waterloo market 1 month ago at $569,900.