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Tuesday, July 28th, 2026

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$509,000
Available - For Sale
Listing ID: X13115662
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.
Price $509,000
Taxes: $4,356.03
Assessment Year: 2025
Occupancy by: Tenant
Address: 251 Lester Street , Waterloo, N2L 3W6, Waterloo
Postal Code: N2L 3W6
Province/State: Waterloo
Directions/Cross Streets: University Ave W / Lester St
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 9.48 9.22
Room 2: Main Dining Ro 0 0
Room 3: Main Kitchen 0 0
No. of Pieces Level
Washroom 1:  4 Flat
Washroom 2:  3 Flat
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Total Area: 0
Maintenance: 781.37
Heat Type: Forced Air
Central Air Conditioning: Central Air
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE SIGNATURE REALTY

251 Lester Street , Waterloo, N2L 3W6, Waterloo

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Com - Condo Apartment
Area: Waterloo
Municipality: Waterloo
Neighbourhood: Dufferin Grove
Style: Apartment
Lot Size: x 0.00()
Approximate Age:
Tax: $4,356.03
Maintenance Fee: $781.37
Beds: 5
Baths: 2
Garage: 0
Fireplace: N
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com