206 - 251 Lester Street

206 - 251 Lester Street
206 - 251 Lester Street
206 - 251 Lester Street
+19
5
 bed
2
 bath
0
 parking
1389
 sqft
Condo Apt
* This unit size is calculated from condos.ca data
$525,000
Expired on 
Jun 4, 2026
208 days
 on site
$525,000
* This unit size is calculated from condos.ca data
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Maintenance fees
$790.49
Locker
-
Exposure
-
Possession
-
Price per sqft
$378
Taxes
$4,059 (2024)
Outdoor space
-
Age of building
-
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Description
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.
Broker: ROYAL LEPAGE SIGNATURE REALTY
MLS®#: 40786801
Property details
Neighbourhood:
Parking:
-
Parking type:
-
Property type:
Condo Apt
Heating type:
Forced Air
Style:
1 Storey/Apt
Ensuite laundry:
-
MLS Size:
1389 sqft
Listed on:
Nov 8, 2025
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Elevator

Included in Maintenance Fees

Heat
Water
3 - 91 Westmount Road
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$999,999
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611 - 30 Blue Springs Drive
1/26
$469,900
2 days
611 - 30 Blue Springs Drive
2BD
2BA
1 Parking
1,000-1,199 sqft
Maint. Fee $881
MLS#: X13239522
RE/MAX GOLD REALTY INC.
2 days
102 - 30 Blue Springs Drive
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$999,999
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207 - 51 David Street
1/35
$549,900
32 days
207 - 51 David Street
2BD
3BA
1 Parking
1,200-1,399 sqft
Maint. Fee $884
MLS#: X13084692
REAL BROKER ONTARIO LTD.
32 days

About 206 - 251 Lester Street

206 - 251 Lester Street is a Waterloo condo which was for sale. Listed at $525000 in November 2025, the listing is no longer available and has been taken off the market (Unavailable). 206 - 251 Lester Street has 5 beds and 2 bathrooms. Situated in Waterloo's University neighbourhood, Sugarbush Park, Westmount, Dearborn and Lakeshore Village are nearby neighbourhoods.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this condo.

Transit riders take note, 251 Lester St, Waterloo is a short distance away to the closest public transit Bus Stop (University Ave. / Sunview) with route Hazel, route Westmount, and more.

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