42
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$509,000
Est. payment /mo
5 Beds
2 Baths
Active
251 Lester ST #401 Waterloo, ON N2L 3W6
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Key Details
Property Type Condo, Apartment
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1200-1399
MLS Listing ID X13170540
Style Apartment
Bedrooms 5
Maintenance Fees $802
HOA Fees $802
Annual Tax Amount $4,370
Tax Year 2025
Property Sub-Type Condo Apartment
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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features Ventilation System
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Exposure North
Balcony None
Building
Building Age 16-30
Story 4
Locker None
Others
Pets Allowed Yes-with Restrictions
ParcelsYN No
Virtual Tour https://view.tours4listings.com/cp/401--251-lester-street-waterloo/
Listed by ROYAL LEPAGE SIGNATURE REALTY
Nearby Locations
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