251 Lester Street, 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.
City: Waterloo
Mortgage Calculator
Your estimated monthly payment for 251 Lester Street206 is 3,717
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $525,000 |
| Down Payment | $105,000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $420,000 |
Monthly Payment
| Mortgage Payment | $2,588 |
| Property Taxes | $338 |
| Maintenance Fees | $790 |
| Monthly Payment | $3,717 |
About 251 Lester Street, Unit #206, Waterloo
Located at 251 Lester Street Unit #206, this Waterloo condo is available for sale. This property was listed for $525,000 on Thu Feb 12 2026. It has 5 bedrooms and 2 bathrooms. Monthly maintenance is $790 per month and taxes are approximately $4,059 annually. The property includes the following rooms: .
MLS#: undefined · $525,000 · 5 bedroom condo in Waterloo