605 - 251 LESTER STREET - Photo 1 of 12, Waterloo, Ontario
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$525,000

605 - 251 LESTER STREET — Waterloo, Ontario

N2L3W6

5Beds
2Baths

Listed by ROYAL LEPAGE SIGNATURE REALTY

About This Property

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. (id:63357)

Property Details

Property Type
Condo
Bedrooms
5
Bathrooms
2
Status
Active

Location & Neighborhood

What's nearby 605 - 251 LESTER STREET

Lifestyle Summary

At 251 Lester Street, your daily routine begins with the convenience of nearby transit options, making your commute a breeze. Within a short 4-minute stroll, you're at the University of Waterloo Terminal, connecting you seamlessly to the region's transit system. With University of Waterloo Station just 5 minutes away, you can easily hop on a bus or train for those busy days or spontaneous weekend getaways. Imagine starting your mornings with a quick coffee from CoCo Fresh Tea & Juice, just 2 minutes from home, before heading out to tackle your day. For families, this location is ideally situated within walking distance of notable schools. Both Waterloo Collegiate Institute and MacGregor Public School are just a 10-minute walk away, providing a straightforward route for school runs and after-school activities. The surrounding parks, such as Veterans' Green and WLU Quad, are perfect for unwinding with family or enjoying a weekend picnic. In just a few minutes, you can escape the hustle and bustle by strolling through these green spaces or letting the kids enjoy the playgrounds nearby. Food lovers will revel in the variety available within a short walking distance. Whether you're in the mood for comforting Korean cuisine at Myung-GA or a delicious bowl from Perfect Meat Bowl, both are only a quick 2-minute walk from your front door. Satisfy your cravings with a quick visit to Ye House for authentic Chinese dishes or indulge in a fresh tea from Now Tea, both just 3 minutes away. Dining options abound, making it easy to enjoy a diverse culinary experience without ever needing to venture far from home. Living at this address means embracing a lifestyle that prioritizes accessibility and community. With parks, schools, and a plethora of dining choices all within easy reach, your days can be filled with convenience and enjoyment. Whether it's a leisurely walk to the park or a quick bite to eat with friends, 251 Lester Street provides the perfect backdrop for a vibrant and fulfilling lifestyle.

Nearby Schools

Parks & Recreation

Transit Access

Local Amenities

POI data updated recently

Waterloo Market Snapshot

554

Active Listings

$572K

Median Price

0

Avg Days on Market

Last updated: Oct 23, 2025

Listed by

ROYAL LEPAGE SIGNATURE REALTY

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$525,000