206 - 251 LESTER STREET, Waterloo, Ontario

$569,900

5 Beds
2 Baths

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. (id:56241)

Listing ID: X12228471
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Living room	Main level	2.9 m x 2.82 m
Dining room	Main level	3.43 m x 8.43 m
Kitchen	Main level	3.43 m x 8.43 m
Foyer	Main level	3.43 m x 8.43 m
Primary Bedroom	Main level	4.6 m x 2.36 m
Bedroom 2	Main level	3.73 m x 2.67 m
Bedroom 3	Main level	2.64 m x 3.96 m
Bedroom 4	Main level	3.56 m x 2.64 m
Bedroom 5	Main level	4.11 m x 2.34 m

Details

Community Features: Pet Restrictions
Maintenance Fee: 790.49
Maintenance Fee Type: Heat, Water, Common Area Maintenance, Insurance
Maintenance Fee Payment Unit: Monthly
Management Company: CIE Property Management
Ownership: Condominium/Strata
Transaction: For sale

Building

Appliances: Dishwasher, Hood Fan, Stove, Refrigerator
Bedrooms Main Level: 5
Cooling: Central air conditioning
Exterior Finish: Brick
Fireplace Present: False
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1200 - 1399 sqft
Type: Apartment

Land

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 206 - 251 LESTER STREET in Waterloo Ontario. It was last modified on June 20th, 2025. Contact us to schedule a viewing or to discover other Waterloo properties for sale.

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