251 Lester Street 401, Waterloo, ON N2L 3W6
Waterloo
Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 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 facilities, elevator access, and proximity to transit, shops, and various amenities.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 251 Lester Street 401, Waterloo, ON N2L 3W6
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13170540
Listed by ROYAL LEPAGE SIGNATURE REALTY
On market since May 25, 2026
What comparable homes actually sold for in the last 12 months.
251 Lester Street 401, Waterloo, ON N2L 3W6 is listed for $509,000 CAD.
251 Lester Street 401, Waterloo, ON N2L 3W6 has 5 bedrooms and 2 bathrooms.
251 Lester Street 401, Waterloo, ON N2L 3W6 is a Condo Apartment.
251 Lester Street 401, Waterloo, ON N2L 3W6 is in Waterloo, Ontario.
251 Lester Street 401, Waterloo, ON N2L 3W6 is currently for sale.
Contact Alex Morgan at +16471112222 to arrange a private showing of 251 Lester Street 401, Waterloo, ON N2L 3W6 (MLS# X13170540). You can also send a message through the contact form on this site.
