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Copyright © 2026 The Canadian Home Realty Inc.
  • Ontario
  • Waterloo
  • 251 Lester Street
251-lester-street-waterloo-ontario-x13170540
251-lester-street-waterloo-ontario-x13170540
251-lester-street-waterloo-ontario-x13170540
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  • For SaleAdded 19 days ago
  • Condo Apt

401 - 251 Lester Street

Waterloo
  • 5 Bedrooms
  • 2 Bathrooms
  • 0 Garage
  • Share
Listed for: $509,000
Estimated Price: $ 557,880
9.6%
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Key Facts About 401 - 251 Lester Street, Waterloo

  • Tax$4,370 / 2025
  • Property TypeCondo
  • Building TypeCondo Apt
  • Building StyleApartment
  • Maintenance Fees$802
  • Building Age16-30
  • Size1200 - 1399 feet²
  • Listing #X13170540
  • Data SourcePROPTX
  • Days on Market19
  • Listed On25/05/2026
  • Updated On25/05/2026
  • Market Demand
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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. Con

Property Details of 401 - 251 Lester Street, Waterloo

Property

  • Property TypeCondo Apt
  • StyleApartment
  • MunicipalityWaterloo

Inside

  • Bedrooms5
  • Bathrooms2
  • Bathroom Details1, 4pc Flat
  • Bathroom Details1, 3pc Flat
  • Kitchen1
  • Rooms8
  • Family RoomsN
  • Central VacN
  • FireplaceN

Utilities

  • CoolingCentral Air
  • Heating TypeFan Coil
  • Heating FuelGas

Building

  • Size1200 - 1399 feet²
  • Architecture StyleApartment
  • Exterior FeatureConcrete
  • Building Age16-30

Parking

  • Drive WayNone
  • Garage TypeUnderground
  • Garage0
  • Total Parking Places0

Land

  • Cross StreetUniversity Ave W / Lester St

Our Estimate

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Estimated Home Value

$ 557,880

Date of Estimation

25-May-2026

Estimated Rent

$ 3,209

Rental Yield

5.98%

School Score

7.9/10

Rental Score

5/5

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Expense Breakdown

Monthly Mortgage Payment

$0/monthly

30 Year , 3.99% interest

Cash Expenditure for Home Purchase

$1,100

  • Downpayment
    $0
  • PST on Mortgage Insurance
    $0
  • Land Transfer Tax
    $0
  • Lawyer Fees
    $1,000
  • Title Insurance
    $0
  • Estoppel Certificate Fee
    $100

Monthly Expenses After Home Purchase

$1,371

  • Mortgage Payment
    $0
  • Property Insurance
    $50
  • Property Tax
    $250
  • Phone
    $40
  • Monthly debt payments
    $0
  • Cable
    $60
  • Utilities
    $124
  • Internet
    $45
  • Maintenance Fees
    $802
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Copyright:© The Canadian Home Realty Inc. All rights reserved. The Canadian Home Realty Inc is a registered real estate brokerage.

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About 401 - 251 Lester Street, Waterloo

It is a 5 bedroom, 2 bathroom, Condo Apt property located at Waterloo. 251 Lester Street has no garage, with None driveway and has no parking places. Fan Coil, Gas heating systems are used in heating/cooling systems for 251 Lester Street, Waterloo. This property which is located in Lester Street does not have a pool. This property located in Waterloo doesn't have a fire place.

FAQs About 401 - 251 Lester Street, Waterloo

How many bathrooms does this property have?

This property features 2 bathroom(s) and 5 bedroom(s).

Does this 5 bedroom property have additional bedrooms or a den?

This Condo Apt property does not have an additional bedroom or a den.

What is the square footage (sqft) of this Condo Apt property?

The total square footage of this Condo Apt 5 bed property in Waterloo is 1200 - 1399.

How many parking spaces are available with this property?

There are no parking spaces available with this property.

How many cars can be parked in the garage of 251 Lester Street?

This property does not feature a garage.

What type of garage does this property have?

This property includes an Underground garage with space for 0 cars.

Does this property have a basement?

There is no basement in this property.

What type of basement is it?

Information about basement type is not available.

Does this property have a swimming pool?

It is not specified whether this property has a swimming pool.

Does this property have a fireplace?

There is no fireplace in this property.

How many kitchens does this property have?

This property includes 1 kitchen(s).

Is there a maintenance fee associated with this property?

Yes, it has an annual maintenance fee of $802.00.

Is this property furnished?

Information about whether this property is furnished is not available.

What type of heating system is in place?

The heating system in place is a Fan Coil.

What utilities are available for this property?

Information about utilities is not available.

School Rating for 401 - 251 Lester Street, Waterloo

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Listing History

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