202 - 251 LESTER STREET - Photo 1 of 12, Waterloo, Ontario
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$525,000

202 - 251 LESTER STREET — Waterloo, Ontario

N2L3W6

5Beds
2Baths

About This Property

Prime Turnkey Investment in Waterloo's University District! Exceptional opportunity to own a include heat and water, while the building features shared laundry, elevator access, and include: entire unit recently painted, new toilets, new dishwasher, new security locks on all 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. (id:63357)

Property Details

Property Type
Condo
Bedrooms
5
Bathrooms
2
Status
Active

Location & Neighborhood

What's nearby 202 - 251 LESTER STREET

Lifestyle Summary

Imagine starting your day with a leisurely stroll to the University of Waterloo Terminal, just a short 4-minute walk away. Here, you can catch a bus to your destination, whether it’s a class or a job in the heart of the city. With the University of Waterloo Station a mere 5 minutes from your front door, commuting has never been more convenient. This transit-oriented lifestyle perfectly suits busy professionals or students looking to maximize their time without the hassle of long commutes. As the day unfolds, enjoying the nearby culinary delights will become a cherished routine. Only a 2-minute walk from your residence, Chinese Lamian offers a quick and satisfying lunch option with its authentic noodles. If you’re in the mood for something lighter, Foodie Fruitie’s fresh offerings are just around the corner, also a quick 2-minute jaunt. For dinner, the choices are abundant—whether it’s indulging in Korean flavors at Myung-GA or savoring sushi at Ken Sushi, both just a 2-minute walk away, you’ll find that mealtime can be as exciting as it is convenient. After a day of work or study, unwind at one of the nearby parks. Veterans' Green, only a 7-minute walk, is perfect for an evening stroll or a quiet moment with a book. For a more lively atmosphere, the WLU Quad is just 7 minutes away and often hosts events that foster community spirit among students and residents alike. And if you're up for a bit of exercise, a quick 6-minute walk to the local park will provide the perfect setting for a jog or leisurely walk. For families, the proximity to Waterloo Collegiate Institute and MacGregor Public School, both just a 10-minute walk away, ensures that your children can easily access quality education. This family-friendly environment, combined with diverse dining options and convenient transit access, makes life at 251 Lester Street 202 not just comfortable, but truly enriching.

Nearby Schools

Parks & Recreation

Transit Access

Local Amenities

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Last updated: Oct 23, 2025

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$525,000