Unknown for 251 Lester St #203, Waterloo Ontario N2L 3W6
4 days on Market

251 Lester St #203, Waterloo, Ontario N2L 3W6

In the same building:
-
Condo
5
2
~1200-1399 sqft
$529,000
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$5,290Cashback
Condo
5
2
~1200-1399 sqft

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Highlights

Property Estimate

Days on market4 days

Estimated valueNot available

Price/Sqft$409/sqft

Monthly cost

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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

StyleApartment
View-
Age of property-
SqFt~1200-1399 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX12485550
Community NameColumbia
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Living

2.89 x 2.81

Dining

0.0 x 0.0

Kitchen

0.0 x 0.0


2Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Oct 28, 2025
ListedActive
$529,000
4 days on market
history photo preview41
Listing by trreb®

Population and Demographics

Overview

Total population 7359
Average household income $71,241

Age (%)

0 to 19
15%
20 to 34
64%
35 to 49
9%
50 to 64
7%
65 and plus
5%

Household composition (%)

Single person
40%
Multi person
32%
Single family
28%
Multi family
0%

Mother tongue (%)

English
56%
Mandarin
17%
Hindi
5%
Others
3%
Punjabi (Panjabi)
3%
Arabic
3%
Gujarati
2%
Spanish
2%
Telugu
1%

House tenancy (%)

Renters
86%
Owners
14%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget