For sale

C$525,000

251 Lester St #206, Waterloo, ON N2L 3W6

5beds

1,389sqft

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Condo/Apt Unit, Residential, Condominium

Built in ----

-- sqft lot

$-- Zestimate^®

C$378/sqft

C$790/mo HOA

What's special

Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 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, elevator access, and proximity to transit, shops, and amenities.

35 days

4

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 5

Kitchen

Level: Main

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Dishwasher, Range Hood, Refrigerator, Stove
Laundry: None

Features

Elevator, None
Has fireplace: No

Interior area

Total structure area: 1,389
Total interior livable area: 1,389 sqft
Finished area above ground: 1,389

Property

Parking

Parking features: No Driveway Parking

Features

Frontage type: East

Lot

Features: Urban, None

Details

Parcel number: 236410063
Zoning: GR

Construction

Type & style

Home type: Condo
Architectural style: 1 Storey/Apt
Property subtype: Condo/Apt Unit, Residential, Condominium
Attached to another structure: Yes

Materials

Brick
Roof: Other

Condition

6-15 Years
New construction: No

Utilities & green energy

Sewer: Sewer (Municipal)
Water: Municipal

Community & HOA

HOA

Has HOA: Yes
Amenities included: Elevator(s)
Services included: Insurance, Central Air Conditioning, Common Elements, Heat, Water
HOA fee: C$790 monthly

Location

Region: Waterloo

Financial & listing details

Price per square foot: C$378/sqft
Annual tax amount: C$4,059
Date on market: 11/8/2025
Inclusions: Dishwasher, Furniture, Range Hood, Refrigerator, Stove

Poonam Taggar, Salesperson

(647) 668-2233

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Price history

Date	Event	Price
11/8/2025	Price change	C$525,000-13.8%C$378/sqft
Source: TRREB #X12525442 Report a problem
11/4/2025	Listing removed	C$695C$1/sqft
Source: Zillow Rentals Report a problem
7/12/2025	Price change	C$695-12.6%C$1/sqft
Source: Zillow Rentals Report a problem
4/27/2025	Price change	C$795-11.2%C$1/sqft
Source: Zillow Rentals Report a problem
11/3/2024	Listed for sale	C$609,000C$438/sqft
Source: TRREB #X10405055 Report a problem