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$509,000
Status:
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.
| Property Type | :Residential Condo & Other |
|---|---|
| MLS Number | :X13115662 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :12 May, 2026 (176 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Waterloo |
|---|---|
| Postal Code | :
N2L 3W6
|
| Price | : $509,000 |
|---|---|
| Property Taxes | :$4356.03 |
| Maintenance Fees | :$781.37/month |
|---|---|
| Tax Year | :2025 |
| Bedrooms | :5 + |
|---|---|
| No. of Rooms | :8 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Cross Street | :University Ave W / Lester St |
| Bathrooms | :2 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :1200-1399 sqft |
| Fireplace/Stove | :Yes |
| Living Room | :2.89 m x 2.81 m |
|---|---|
| Kitchen | :0.0 m x 0.0 m |
| Dining Room | :0.0 m x 0.0 m |
|---|
| Exterior Finish | :Brick |
|---|---|
| Building Insurance | :Yes |
| Locker | :Ensuite+Common |
| Parking Space | :0 |
| Basement | :No |
| Pets | :Yes-with Restrictions |
| Laundry | :In Building |
|---|
12 May, 2026
TREB #X13115662
Listed
$509000.0
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