203 251 Lester Street, Waterloo

Bedrooms: 5
Bathrooms: 2
Type: Apartment
Added: 2 months ago
Updated: 1 month ago
Last Checked: 4 hours ago
Listed by: ROYAL LEPAGE SIGNATURE REALTY

Listing description
This Condo at 203 251 Lester Street Waterloo, ON with the MLS Number x12485550 listed by SUMIT TAGGAR - ROYAL LEPAGE SIGNATURE REALTY on the Waterloo market 2 months ago at $529,000.

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. (id:1945)

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Property Details Key information about 203 251 Lester Street

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

Interior Features Discover the interior design and amenities

Basement: None
Appliances:
- Refrigerator
- Dishwasher
- Stove
- Hood Fan
Bedrooms Total: 5

Exterior & Lot Features Learn about the exterior and lot specifics of 203 251 Lester Street

Parking Features: No Garage

Location & Community Understand the neighborhood and community

Directions: University Ave W / Lester St
Common Interest: Condo/Strata
Community Features: Pets Allowed With Restrictions

Property Management & Association Find out management and association details

Association Fee: 781.37
Association Name: CIE Property Management
Association Fee Includes:
- Common Area Maintenance
- Heat
- Water
- Insurance

Tax & Legal Information Get tax and legal details applicable to 203 251 Lester Street

Tax Year: 2025
Tax Annual Amount: 4356.03

Additional Features Explore extra features and benefits

List A O R: Toronto
List A O R Key: 82
Living Area Maximum: 1399
Living Area Minimum: 1200
Bedrooms Above Grade: 5

Room Dimensions

Type	Level	Dimensions
Living room	Main level	2.89 x 2.81
Dining room	Main level	0 x 0
Kitchen	Main level	0 x 0

Nearby Listings Stat Estimated price and comparable properties near 203 251 Lester Street

Active listings

Min Price

$525,000

Max Price

$1,599,000

Avg Price

$695,840

Days on Market

81 days

Sold listings

Min Sold Price

$599,999

Max Sold Price

$799,000

Avg Sold Price

$667,000

Days until Sold

135 days

Nearby Places Nearby schools and amenities around 203 251 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

October 28, 2025

by ROYAL LEPAGE SIGNATURE REALTY

Apartment For Sale

$529,000

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203 251 Lester Street, Waterloo

Listing description This Condo at 203 251 Lester Street Waterloo, ON with the MLS Number x12485550 listed by SUMIT TAGGAR - ROYAL LEPAGE SIGNATURE REALTY on the Waterloo market 2 months ago at $529,000.

Nearby Listings Stat Estimated price and comparable properties near 203 251 Lester Street

Nearby Places Nearby schools and amenities around 203 251 Lester Street

Price History

Similar Condos For Sale

Listing description
This Condo at 203 251 Lester Street Waterloo, ON with the MLS Number x12485550 listed by SUMIT TAGGAR - ROYAL LEPAGE SIGNATURE REALTY on the Waterloo market 2 months ago at $529,000.