For Sale
Just Listed
251 Lester Street 203 #203
Waterloo, ON
$509,000
5Bd
2Ba
1,300+sqft
0Parking
$392/sqft
CondoMLS# X13115662Listed 2026-05-121 DOM
Cooling
Central Air
Just listed! New listings in Waterloo often receive offers within the first week.
About this home
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.
Rooms
Main Floor
| Living Room | 2.89 × 2.81 m | |
| Dining Room | 0.00 × 0.00 m | |
| Kitchen | 0.00 × 0.00 m |
Features
- Ventilation System
- None
- Central Air
- Apartment
Financials
Annual Taxes
$4,356.03
Estimated Rental Income
Entire property$3,200 – $4,200/mo
Rental yield7.5% – 9.9%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Waterloo
Days on market1 days
Buyer's MarketSeller's Market
Based on active listings in Waterloo. Data updates daily.
Our estimate for this home
Estimated range
$579K – $673K
Mid-point $626K · ~$481/sqft
How this listing compares
$579KList · $509K$673K
Medium confidence·Based on 20 waterloo comparables
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
75
/ 100
Walk Score
Very Walkable
52
/ 100
Transit Score
Good Transit
42
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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