251 LESTER Street Unit# 203 - Photo 1 of 41, Waterloo, Ontario
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$529,000

251 LESTER Street Unit# 203 — Waterloo, Ontario

N2L3W6

5Beds
2Baths
1,389Sq Ft

About This Property

LEASES: ROOM#1 - $900, ending AUG 26, 2027. ROOM#2 - $750, ending AUG 25, 2028. ROOM#3 - $900, ending AUG 26, 2027. ROOM#4 - $850, ending AUG 25, 2026. ROOM#5 - $900, ending AUG 26, 2027. 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 $51,000/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. (id:63357)

Property Location

Property Details

Property Type
Condo
Bedrooms
5
Bathrooms
2
Living Area
1,389 sqft
Above Grade Area
1,389 sqft
Stories
1.0
Status
Active

Location & Neighborhood

What's nearby 251 LESTER Street Unit# 203

Lifestyle Summary

At 251 Lester Street, you’ll discover an ideal home that caters to the modern commuter. With the University of Waterloo Terminal just a quick 4-minute stroll away, catching your bus to classes or work is a breeze. The University of Waterloo Station, equally close at a 5-minute walk, opens up a world of transit options, making it effortless for you to navigate the city or explore nearby attractions. Morning routines can seamlessly blend into your schedule without the stress of long commutes, allowing you to savor your coffee from CoCo Fresh Tea & Juice, which is only a 2-minute jaunt from your front door. For families, this location is a treasure trove of educational opportunities. Waterloo Collegiate Institute is a mere 9-minute walk, and MacGregor Public School is just 10 minutes away. This proximity allows for easy school runs and after-school activities, giving you more time to spend with your family. The nearby parks, such as Veterans' Green (7 minutes away) and the WLU Quad (7 minutes away), provide perfect settings for weekend picnics or leisurely strolls, making it easy to foster a close-knit family lifestyle in a welcoming environment. Food lovers will find themselves in culinary heaven, as an array of dining options awaits just a short 2-minute walk from your property. Whether you're craving delicious dumplings from Chinese Lamian or a hearty meal at Myung-GA Korean Restaurant, dining out becomes an integral part of your daily routine. Quick lunches at Top Chicken or refreshing drinks from Now Tea can fit snugly into your busy days, making it easy to indulge without the hassle of long waits or lengthy travel. Evenings can be spent enjoying the great outdoors, with multiple parks just minutes away. After a day of work or study, you can unwind by taking a leisurely 9-minute walk to Science Quad, perfect for evening jogs or simply enjoying the fresh air. At 251 Lester Street, you’re not just finding a property; you’re embracing a lifestyle filled with convenience, family engagement, and culinary delights, all within reach.

Nearby Schools

Parks & Recreation

Transit Access

Local Amenities

POI data updated recently

Waterloo Market Snapshot

546

Active Listings

$574K

Median Price

0

Avg Days on Market

Last updated: Nov 10, 2025

Listed by

ROYAL LEPAGE SIGNATURE REALTY

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$529,000
Oakwyn Realty Ltd.

Oakwyn Realty Ltd.

Search Listings Online Inc.

3195 Oak St, Vancouver, BC V6H 2L2

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

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