Skip to main
    for sale
    14 Days on Strata
    Est Sell Timeframe:
    16 Days

    206 - 251 Lester St

    251 Lester Street
    $525,000
    5 Beds
    2 Bath
    0 Parking
    1,238 SQFT
    Strata is Hiring Realtors | Apply Now

    Price History

    Maintenance Fees:
    $790/mth
    Taxes:
    $4,059 (2024)
    Property Type:
    Condo
    Cost Per Sqft:
    $424/sqft
    Outdoor Space:
    None
    Locker:
    None
    Possession Date:
    TBD
    Exposure:
    East

    Amenities

    No Data

    About this Listing

    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.

    ExtrasFridge, Stove, Hood Fan, B/I Dishwasher

    royal lepage signature realtyMLS® #X12525442

    Utilities & Inclusions

    Hydro
    Not Included
    Heat
    Included
    Air Conditioning
    Included
    Water
    Included
    Parking
    Not Included
    Building Maintenance
    Included
    Building Insurance
    Included
    Heating Type
    Forced Air
    Heat Source
    Gas
    Air Conditioning Type
    Central Air

    Dimensions

    Living
    9.51 x 9.25ft
    Dining
    11.25 x 27.66ft
    Kitchen
    11.25 x 27.66ft
    Foyer
    11.25 x 27.66ft
    Primary
    15.09 x 7.74ft
    2nd Bedroom
    12.24 x 8.76ft
    3rd Bedroom
    8.66 x 12.99ft
    4th Bedroom
    11.68 x 8.66ft
    5th Bedroom
    13.48 x 7.68ft
    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

    Similar Listings

    Explore Downtown Waterloo

    Map

    © OpenStreetMap
    map of location
    View My Travel Time
    Unknown
    Walkability
    Unknown
    Transit
    Unknown
    Bikeability

    Mortgage Calculator

    Building Trends At 251 Lester Street

    Days on Strata

    Units at 251 Lester Street spend an average of
    N/A
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Downtown Waterloo

    Turnover of Units

    On average, each unit is owned for
    N/A
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 46 condos in the Downtown Waterloo area

    Sold Units

    0
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    251 Lester Street offers the
    ?
    N/A
    best value out of 46 condos in the Downtown Waterloo neighbourhood

    Appreciation Rank

    251 Lester Street has the
    ?
    N/A
    highest ROI out of 46 condos in the Downtown Waterloo neighbourhood

    Rental Yield

    251 Lester Street yields the
    ?
    N/A
    highest rent prices out of 46 condos in the Downtown Waterloo neighbourhood

    High Demand

    251 Lester Street is the
    ?
    N/A
    most popular building out of 46 condos in the Downtown Waterloo neighbourhood

    Market Insights

    Transaction Insights at 251 Lester Street

    Not Available

    Market Inventory

    Total number of units listed and sold in Downtown Waterloo