For sale 50$439,900
1+1 bed1 bath500–599 sq ft
145 Columbia Street #601
Waterloo
20 days agoMLS® X13820250
HOMELIFE SILVERCITY REALTY INC.
$509,000
251 Lester Street #401
Waterloo, Ontario N2L3W6
For sale· Added
5 bed2 bath1,200–1,399 sqft
About this home
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.
Location
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Property details
Listing
- MLS® number
- X13170540
- Added
- May 25, 2026 ()
- Updated
- May 25, 2026 ()
- Info refreshed
Overview
- Property type
- Single Family
- Building type
- Apartment
- Ownership
- Condo
Inside
- Bedrooms
- 5
- Bathrooms
- 2
- Heating
- Natural gas, Coil Fan
- Cooling
- Central air conditioning, Ventilation system
- Fireplace
- No
- Appliances
- Refrigerator, Dishwasher, Stove, Hood Fan
- Features
- Laundry- Coin operated
Building
- Basement
- None
- Exterior
- Concrete
- Parking
- Garage, Underground
- Management
- WILSON BLANCHARD
Location
- Cross streets
- University Ave W / Lester St
- Nearby
- Pets Allowed With Restrictions
Running costs
- Annual property tax
- $4,370
- Condo fee
- $802 Monthly
- Includes Common Area Maintenance, Heat, Water, Insurance
$509,000
251 Lester Street
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