For Sale

251 Lester Street Unit# 206, Waterloo, Ontario N2L 3W6

$0

251 Lester Street Unit# 206, Waterloo, Ontario N2L 3W6 is For Sale and has a listing price of 569,900. The property is located in the Waterloo . It's been on the website for 94 Days.

  • 5
    Bedrooms
  • 2
    Bathrooms
  • Parking
  • MLS ID: X12293570
  • Office Name ROYAL LEPAGE SIGNATURE REALTY
Property 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-built5-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. The seller will provide one year of professional property management or offer the cash value as part of the sale.

Property Details
  • Bedrooms: 5
  • MLS ID: X12293570
  • Bathrooms: 2
  • Price: $569,900
  • Transaction Types: For Sale
  • Ref ID: X12293570
  • Year Built: N/A
  • Approx Sqft: 1200-1399
  • Dir / Cross St: University ave W / Lester St
  • Status: Active
  • Tax Year: 2024
  • Property Type: Condo
  • Property Sub Category: Condo
Price History
List Date MLS ID List Price Status End Date Closed Price
07/18/2025 X12293570 $569,900 For Sale - -
06/18/2025 X12228471 $569,900 For Sale 07/18/2025 -
03/05/2025 40703673 $589,000 -
03/05/2025 X12002293 $589,000 Cancelled 06/17/2025 -
11/03/2024 X10405055 $609,000 Cancelled 03/05/2025 -
11/03/2024 40672831 $609,000 -
09/05/2024 40642949 $609,000 -
09/06/2024 X9303781 $609,000 Cancelled 11/03/2024 -
04/22/2024 X8260576 $609,000 Exp 08/22/2024 -
04/22/2024 40576043 $609,000 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Waterloo
  • $803,132 Average List Price
    based on 1 year
  • 313 New Listings
    based on 30 days
  • 62 Median Days on Market
    based on 1 year
  • List vs. Selling Price 115.22 % Up
  • Sold (12mo) 640
  • Rented (12mo) 244

  • 1 Month Change -2.1%
  • 3 Month Change -31.5%
  • 6 Month Change -22.7%
Walkscore
Property Type Distribution
  • All Houses
    45.14%
  • Commercial
    6.41%
  • Condo
    48.35%
  • Land for Sale
    0.1%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Apartment
  • Washroom Type1: 1
  • Garage Type Y
  • Parking Spaces: N/A
  • Exterior Brick
  • Kitchen Y
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 2: 1
  • Taxes: $4,059
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 18/07/2025 14:30:40
  • Laundry Access: Coin Operated,In Building
  • Condo Registry Office: WSCC
  • Locker: None
  • Property Mgmt Co: CIE Property Management
  • Condo Corp#: 641
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