251 LESTER Street Unit# 206 - Photo 1 of 22, Waterloo, Ontario
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$525,000

251 LESTER Street Unit# 206 — Waterloo, Ontario

N2L3W6

5Beds
2Baths
1,389Sq Ft

Listed by ROYAL LEPAGE SIGNATURE REALTY

About This Property

Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 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, elevator access, and proximity to transit, shops, and amenities. (id:63357)

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# 206

Lifestyle Summary

At 251 Lester Street, the daily rhythm of life is harmoniously orchestrated around convenience and community. Commute-friendly, this property places you just a five-minute walk from Laurier - Waterloo Park Station. Imagine starting your day with a leisurely stroll to catch the bus, all while enjoying the fresh morning air. The proximity to transit means you’ll spend less time in transit and more time living your life, whether you’re heading to work or exploring the vibrant offerings of Waterloo. For families, the location excels in accessibility to educational institutions. MacGregor Public School is merely an eight-minute stroll, making morning drop-offs a breeze, while Waterloo Collegiate Institute is a comfortable ten-minute walk away. This proximity not only simplifies school runs but also fosters a strong sense of community among parents and children alike. Your little ones can easily connect with friends, enhancing their school experience and encouraging active play in nearby parks. When it comes to dining, you’re truly spoiled for choice. Perfect Meat Bowl, CoCo Fresh Tea & Juice, and Foodie Fruitie are all just a minute away, making it effortless to grab a quick lunch or treat after a busy day. If you’re in the mood for something heartier, head over to Gladiator Burger in three minutes or indulge in a soothing bowl of ramen at Chinese Lamian, also just a minute from your door. With such a diverse array of eateries within walking distance, culinary exploration is a delightful part of your everyday life. Weekends can be spent unwinding at nearby parks. WLU Quad, Veterans' Green, and Waterloo Park are all within an eight-minute walk, inviting you to enjoy leisurely afternoons picnicking or taking in the scenery. Whether you’re watching the kids play or simply soaking up the sun, these green spaces provide a perfect backdrop for relaxation and recreation. Living at 251 Lester Street means every day is an invitation to discover all the flavors and experiences that Waterloo has to offer, right at your doorstep.

Nearby Schools

Parks & Recreation

Transit Access

Local Amenities

POI data updated recently

Waterloo Market Snapshot

555

Active Listings

$575K

Median Price

0

Avg Days on Market

Last updated: Nov 8, 2025

Listed by

ROYAL LEPAGE SIGNATURE REALTY

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$525,000