203- 251 Lester Street

Waterloo, ONCondo Apartment
$509,000
MLS® X13115662
Condo Apartment5 beds2 baths0 total
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About This Property

Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 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 facilities, elevator access, and proximity to transit, shops, and various amenities. (id:63604)

Key Facts

Type
Condo Apartment
Beds
5
Baths
2
Size
1,200 sqft
Parking
0 total
Condo fee
$781

Highlights

  • Refrigerator
  • Dishwasher
  • Stove
  • Hood Fan
Property Details 11 details
Bedrooms
5 bedrooms
5 above grade
Bathrooms
2 bathrooms
Parking
0 parking spaces
No Garage
Living area
1,200 - 1,399 sq. ft.
Property
Single Family · Condo/Strata · Attached
Property subtype
Single Family
Structure type
Apartment
Ownership
Condo/Strata
Attached status
Attached
Heating
Forced air, Natural gas
Cooling
Central air conditioning, Ventilation system
Fireplace
No
Taxes
$4,356.03 (2,025)

Interior features

RefrigeratorDishwasherStoveHood FanStorage - Locker

Exterior features

Brick

Systems and association

Common Area MaintenanceHeatWaterInsurance
Rooms 3 rooms
Level
Room
Dimensions
Main level
Living room
2.89 m x 2.81 m
Main level
Dining room
Not specified
Main level
Kitchen
Not specified
Mortgage & Affordability Estimate monthly costs
Purchase price$509,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

City
Waterloo
Postal code
N2L 3W6
Nearby
University Ave W / Lester St