For Sale

251 Lester Street Unit# 304, Waterloo, Ontario N2L 3W6

$0

251 Lester Street Unit# 304, Waterloo, Ontario N2L 3W6 is For Sale and has a listing price of 539,000. The property is located in the Waterloo . It's been on the website for 15 Days.

  • 5
    Bedrooms
  • 2
    Bathrooms
  • Parking
  • MLS ID: X12444925
  • Office Name ROYAL LEPAGE SIGNATURE REALTY
Property Description

Turnkey Investment Opportunity in Waterloo’s University District! Discover this purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St, ideally located just steps from Wilfrid Laurier University and the University of Waterloo. With potential to generate over $49,000 in annual gross rental income and deliver positive monthly cash flow, this property is perfectly positioned for consistent returns. The unit features a spacious open-concept living area, two full bathrooms, and comes fully furnished for added convenience. Investors can take advantage of professional on-site property management for a truly hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and unbeatable proximity to transit, shops, and everyday amenities. Photos have been virtually decluttered. Unit 1: $900, ending Aug. 2027 Unit 2: $900, ending Aug. 2027, Unit 3: Vacant, Unit 4: $850, ending Sept 2026, Unit 5: $750, Month to Month. Detailed Proforma available upon request!

Property Details
  • Bedrooms: 5
  • MLS ID: X12444925
  • Bathrooms: 2
  • Price: $539,000
  • Transaction Types: For Sale
  • Ref ID: X12444925
  • 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
10/04/2025 X12444925 $539,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Waterloo
  • $802,798 Average List Price
    based on 1 year
  • 307 New Listings
    based on 30 days
  • 62 Median Days on Market
    based on 1 year
  • List vs. Selling Price 115.28 % Up
  • Sold (12mo) 640
  • Rented (12mo) 244

  • 1 Month Change -2.1%
  • 3 Month Change -31.5%
  • 6 Month Change -22.7%
Walkscore
  • 80 Walk Score
    Very Walkable
  • 71 Transit Score
    Excellent Transit
  • 93 Bike Score
    Biker's Paradise
Property Type Distribution
  • All Houses
    45.13%
  • Commercial
    6.4%
  • Condo
    48.37%
  • Land for Sale
    0.1%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Apartment
  • Washroom Type1: 2
  • Garage Type Y
  • Parking Spaces: N/A
  • Exterior Brick
  • Kitchen Y
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Taxes: $3,932
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate
  • Listing Entry Date: 04/10/2025 13:25:52
  • Laundry Access: Coin Operated,In Building
  • Condo Registry Office: WSCC
  • Locker: None
  • Property Mgmt Co: RentCorp Property Management
  • Condo Corp#: 641
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