506 - 251 Lester Street Waterloo, Ontario N2L 3W6
$599,000Maintenance, Heat, Water, Common Area Maintenance, Insurance
$790.49 Monthly
Maintenance, Heat, Water, Common Area Maintenance, Insurance
$790.49 MonthlyRoom #1 - $750, ending Aug 26, 2025, #2 - $750, ending Aug 26, 2025, #3 - $750, ending Aug 26, 2025, #4 - Vacant, #5 - $750, ending Aug 26, 2025. 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:41954)
Property Details
| MLS® Number | X11910418 |
| Property Type | Single Family |
| Community Features | Pet Restrictions |
| Features | Balcony |
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 |
Land
| Acreage | No |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 2.9 m | 2.79 m | 2.9 m x 2.79 m |
| Main Level | Dining Room | 3.43 m | 8.46 m | 3.43 m x 8.46 m |
| Main Level | Kitchen | 3.43 m | 8.46 m | 3.43 m x 8.46 m |
| Main Level | Foyer | 3.43 m | 8.46 m | 3.43 m x 8.46 m |
| Main Level | Primary Bedroom | 4.6 m | 2.36 m | 4.6 m x 2.36 m |
| Main Level | Bedroom | 3.73 m | 2.67 m | 3.73 m x 2.67 m |
| Main Level | Bedroom | 3.56 m | 2.62 m | 3.56 m x 2.62 m |
| Main Level | Bedroom | 4.11 m | 2.34 m | 4.11 m x 2.34 m |
| Main Level | Bedroom | 3.56 m | 2.62 m | 3.56 m x 2.62 m |
https://www.realtor.ca/real-estate/27773266/506-251-lester-street-waterloo
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July 03 2025 10:44:15
Toronto Real Estate Board
Royal LePage Signature Realty