251 Lester Street 401
Waterloo, N2L 3W6
For Sale
5.46 BTC

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5
BEDROOMS2
BATHROOMS1
KITCHENS8
ROOMSX13170540
MLSIDContact Us
Property Description
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.
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Property Features
Ventilation System, None, Coin Operated, In Building
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Property Details
Property Type
Condo Apartment
Taxes
$4,370 (2025)
Basement
None
Heat Type
Fan Coil
Heat Source
Gas
Parking 1
None
Garage Type
Underground
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Listing contracted with Royal Lepage Signature Realty
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