605 - 251 Lester Street Waterloo, Ontario N2L 3W6
$525,000Maintenance, Heat, Common Area Maintenance, Insurance, Water
$790.49 Monthly
Maintenance, Heat, Common Area Maintenance, Insurance, Water
$790.49 MonthlyPrime Turnkey Investment in Waterloo's University District! Exceptional opportunity to own a purpose-built 5-bedroom, 2-bathroom condo at 251 Lester Street, located just steps from Wilfrid Laurier University and the University of Waterloo. Designed for strong rental performance, this unit has the potential to generate over $49,000 in annual gross income. The condo offers a bright, open-concept living space, two full bathrooms, and comes fully furnished, making it move-in ready for tenants. Investors will appreciate the professional property management in place, ensuring a seamless, hands-off ownership experience. Condo fees include heat and water, while the building features shared laundry, elevator access, and unbeatable proximity to transit, shopping, dining, and everyday amenities. Whether you're expanding your portfolio or entering the student rental market, this property delivers reliable returns in one of Waterloo's most sought-after locations. Upgrades to the unit include: entire unit recently painted, new toilets, new dishwasher, new security locks on all rooms, new laminate flooring, new student chairs (gaming style) and whiteboards in every room. (id:49187)
Property Details
| MLS® Number | X12464454 |
| Property Type | Single Family |
| Neigbourhood | Northdale |
| Community Features | Pet Restrictions |
| Features | Laundry- Coin Operated |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Dishwasher, Hood Fan, Stove, Refrigerator |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1200 - 1399 Sqft |
| Type | Apartment |
Parking
| No Garage |
Land
| Acreage | No |
https://www.realtor.ca/real-estate/28994622/605-251-lester-street-waterloo
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October 16 2025 03:44:36
Toronto Real Estate Board
Royal LePage Signature Realty