251 Lester St, Unit #605
Waterloo
$525,000
Buy with Dwelly and Save $5,250
Home Details
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Listing Description
Prime Turnkey Investment in Waterloo's University District! Exceptional opportunity to own a purpose-built 5-bedroom, 2-bathroom condo at 251 Lester Street, located just steps from Wilfrid Laurier University and the University of Waterloo. Designed for strong rental performance, this unit has the potential to generate over $49,000 in annual gross income. The condo offers a bright, open-concept living space, two full bathrooms, and comes fully furnished, making it move-in ready for tenants. Investors will appreciate the professional property management in place, ensuring a seamless, hands-off ownership experience. Condo fees include heat and water, while the building features shared laundry, elevator access, and unbeatable proximity to transit, shopping, dining, and everyday amenities. Whether you're expanding your portfolio or entering the student rental market, this property delivers reliable returns in one of Waterloo's most sought-after locations. Upgrades to the unit include: entire unit recently painted, new toilets, new dishwasher, new security locks on all rooms, new laminate flooring, new student chairs (gaming style) and whiteboards in every room.
Fridge, Stove, Hood Fan, B/I Dishwasher, 5 Beds, 5 Desks, Couch, Kitchen Table and Chairs
City: Waterloo
Property History
Rooms
Room dimensions for 251 Lester St, Unit #605, Waterloo
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 251 Lester St605 is 3729
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 | $351 |
| Maintenance Fees | $790 |
| Monthly Payment | $3729 |
About 251 Lester St, Unit #605, Waterloo
Located at 251 Lester St Unit #605, this Waterloo condo is available for sale. This property was listed for $525,000 on Wed Oct 15 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 $4,206 annually. Views are to the East from this property. Step outside onto the open balcony. The property includes the following rooms: , , , , , , , , , , , . This property also comes with a locker. Heat is included with this property.
MLS#: X12464454 · $525,000 · 5 bedroom condo in Waterloo