251 Lester St, Unit #206
Waterloo
$525,000
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Home Details
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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.
Fridge, Stove, Hood Fan, B/I Dishwasher
City: Waterloo
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Jul 18, 2025 | 113 | $569,900 | N/A | Terminated | X12293570 |
| Jun 18, 2025 | 30 | $569,900 | N/A | Terminated | X12228471 |
| Mar 5, 2025 | 104 | $589,000 | N/A | Terminated | X12002293 |
| Nov 3, 2024 | 122 | $609,000 | N/A | Terminated | X10405055 |
| Sep 5, 2024 | 59 | $609,000 | N/A | Terminated | X9303781 |
| Apr 22, 2024 | 122 | $609,000 | N/A | Expired | X8260576 |
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 3717
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $525000 |
| Down Payment | $105000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $420000 |
Monthly Payment
| Mortgage Payment | $2588 |
| Property Taxes | $338 |
| Maintenance Fees | $790 |
| Monthly Payment | $3717 |
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 $525,000 on Sat Nov 08 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#: X12525442 · $525,000 · 5 bedroom condo in Waterloo