Button CopyPathCircle CloseCircle Left ArrowArrow Down Icon GreyClosecirclecircleBurger
Royal LePage
Royal LePage
Image 1
Image 2
Image 3
$525,000

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

MLS® # 40786801

5 Beds

2  Baths

1389  FEETSQ

QuickQuoteTM: $402K - $539K

Waterloo ON, N2L 3W6

MLS® # 40786801

Property Information:

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:27)

Building Features:

  • Style: Apartment
  • Building Type: Apartment
  • Basement Type: None
  • Construction Style - Attachment: Attached
  • Exterior Finish: Brick
  • Floor Space: 1389 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Refrigerator, Stove, Hood Fan

Property Features:

  • OwnershipType: Condominium
  • Property Type: Single Family
  • Bedrooms: 5
  • Bathrooms: 2
  • Condo Fees: $790 Monthly
  • Floor Space (approx): 1389 Square Feet
  • MaintenanceFee Type: Insurance, Heat, Water
  • Zoning: GR
  • Sewer: Municipal sewage system
  • Parking Type: None

Rooms:

  • Bathroom Main Level Measurements not available
  • Bathroom Main Level Measurements not available
  • Bedroom Main Level 13'6'' x 7'8''
  • Bedroom Main Level 11'8'' x 8'8''
  • Bedroom Main Level 8'8'' x 13'0''
  • Bedroom Main Level 12'3'' x 8'9''
  • Primary Bedroom Main Level 15'1'' x 7'9''
  • Foyer Main Level 11'3'' x 27'8''
  • Kitchen Main Level 11'3'' x 27'8''
  • Dining Main Level 11'3'' x 27'8''
  • Living Main Level 9'6'' x 9'3''

REALTOR.ca  

More Detail
Less Detail
QuickQuoteTM Powered by RPS
Approximate value for 5 bed, 2 bath condo in this area is:
List Price
below Estimate List Price
above Estimate
List Price
QuickQuoteTM provides an estimated range of a property's current value and is based on recent historical data and neighbourhood sales. QuickQuoteTM may vary from the list price as a result of market dynamics, or if the property has changed substantially since its last sale. Click below to connect with an expert. By using QuickQuoteTM you acknowledge that you have read and agree to the Terms of Use and the Privacy Policy.

Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 251 LESTER Street Unit# 206, Waterloo, Ontario, N2L 3W6

Demographic Information of 251 LESTER Street Unit# 206, Waterloo, Ontario, N2L 3W6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$73,609.84

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

2.04 %

High school certificate or equivalent

43.12 %

Apprenticeship trade certificate/diploma

1.3 %

College/non-university certificate

9.77 %

University certificate (below bachelor)

2.66 %

University Degree

41.11 %

Commuter

Travel To Work

By Car

53.09 %

By Public Transit

29.99 %

By Walking

11.39 %

By Bicycle

0.76 %

By Other Methods

4.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

95.31 %

Houses

4.69 %

Own Vs. Rent

More Detail
Less Detail