For Sale

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

$525,000

251 Lester Street Unit# 206, Waterloo, Ontario N2L 3W6 is For Sale and has a listing price of 525,000. The property is located in the Waterloo . It's been on the website for 3 Days.

  • 5
    Bedrooms
  • 2
    Bathrooms
  • Parking
  • MLS ID: X12525442
  • 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-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.

Property Details
  • Property Type: Condo
  • Listing Type: For Sale
  • Listing ID: X12525442
  • Price: $525,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Ref ID: X12525442
  • Approx Sqft: 1200-1399
  • Dir / Cross St: University ave W / Lester St
  • Status: Active
  • Tax Year: 2024
  • Property Sub Category: Condo
Price History
List Date MLS ID List Price Status End Date Closed Price
11/08/2025 X12525442 $525,000 For Sale - -
07/18/2025 X12293570 $569,900 Cancelled 11/08/2025 -
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
  • $805,519 Average List Price
    based on 1 year
  • 254 New Listings
    based on 30 days
  • 60 Median Days on Market
    based on 1 year
  • List vs. Selling Price 116.48 % Up
  • Sold (12mo) 659
  • Rented (12mo) 244

  • 1 Month Change +30.4%
  • 3 Month Change +42.5%
  • 6 Month Change +4.9%
Walkscore
Property Type Distribution
  • All Houses
    45.06%
  • Commercial
    6.44%
  • Condo
    48.4%
  • 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: 08/11/2025 16:11:41
  • 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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