203 - 251 Lester Street, Waterloo
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. (id:1945)
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Property details for 203 - 251 Lester Street, Waterloo
- Type
- Apartment
- Bedrooms
- 5
- Bathrooms
- 2
- Basement
- None
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning, Ventilation system
- Exterior
- Brick
- Ownership
- Condo/Strata
- Annual Taxes
- $4,356 (2025)
- Condo Fee
- $781 / Monthly
Nearby Listings Stat
Estimated price and comparable properties near 203 - 251 Lester Street
Active Listings
21
Min Price
$350,000
Max Price
$849,900
Avg Price
$576,386
Days on Market
50
days
Sold Listings
11
Min Sold Price
$439,000
Max Sold Price
$859,000
Avg Sold Price
$612,154
Days until Sold
74
days
Neighbourhood Census Data
Waterloo, Ontario
Population
1,024
Median Age
21.5
Median Income
$7,755
Housing Tenure
Renters 95%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.4
Pop. Density: 2,596.3/km²
Owners with Mortgage: 0%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 77%
English only: 95.1%
English and French: 4.9%
Median Household Income: $17,280
Median Employment Income: $10,841
Price History
Listed
May 12, 2026
by ROYAL LEPAGE SIGNATURE REALTY
Current Price
$509,000
Type
Apartment
For Sale
