304 - 251 Lester Street Waterloo, Ontario N2L 3W6
$539,000Maintenance, Heat, Common Area Maintenance, Insurance, Water
$790.49 Monthly
Maintenance, Heat, Common Area Maintenance, Insurance, Water
$790.49 MonthlyTurnkey 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! (id:41954)
Property Details
| MLS® Number | X12444925 |
| Property Type | Single Family |
| Community Features | Pet Restrictions |
| Features | Laundry- Coin Operated |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Dishwasher, Hood Fan, Stove, Refrigerator |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1200 - 1399 Sqft |
| Type | Apartment |
Parking
| No Garage |
Land
| Acreage | No |
https://www.realtor.ca/real-estate/28952014/304-251-lester-street-waterloo
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October 04 2025 03:00:09
Toronto Real Estate Board
Royal LePage Signature Realty