251 Lester St, Unit #206
Waterloo
$569,900
Buy with Dwelly and Save $5,699
Home Details
Buy with Dwelly and save $5,699 refund
Refunds vary by sale price, market and are subject to a minimum commission. Please get in touch and read the Refund Terms and Conditions to learn more.
Listing 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. The seller will provide one year of professional property management or offer the cash value as part of the sale. Photos are virtually decluttered.
Fridge, Stove, Hood Fan, B/I Dishwasher
City: Waterloo
Property History
Rooms
Room dimensions for 251 Lester St, Unit #206, Waterloo
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 251 Lester St206 is 3938
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $569900 |
| Down Payment | $113980 |
| Mortgage Insurance | $0 |
| Total Mortgage | $455920 |
Monthly Payment
| Mortgage Payment | $2809 |
| Property Taxes | $338 |
| Maintenance Fees | $790 |
| Monthly Payment | $3938 |
Sold Comparables
Sold Comparables homes near 251 Lester St, Unit #206, Waterloo
About 251 Lester St, Unit #206, Waterloo
Located at 251 Lester St Unit #206, this Waterloo condo is available for sale. This property was listed for $569,900 on Fri Jul 18 2025. This condo's size is 1200-1399 Sqft. It has 5 bedrooms and 2 bathrooms. Monthly maintenance is $790 per month and taxes are approximately $4,059 annually. Views are to the East from this property. Step outside onto the open balcony. The property includes the following rooms: Living, Dining, Kitchen, Foyer, Primary, 2nd Br, 3rd Br, 4th Br, 5th Br. This property also comes with a locker. Heat is included with this property.
MLS#: X12293570 · $569,900 · 5 bedroom condo in Waterloo