Unit 101, 251 Lester Street
Waterloo (Downtown Waterloo), ON N2L 3W6
251 Lester Street5 storeys- 5Bedrooms
- 2Bathrooms
- 0Parking
- 1200–1399Sq Ft
- $400Tax
- $802/moCondo Fee
Estimated Value:$507,354See Free Estimate Report
Sale & Price History for Unit 101, 251 Lester Street, Waterloo, Downtown Waterloo
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About Unit 101, 251 Lester Street, Waterloo, Downtown Waterloo
Summarized Description
- Exceptional investment opportunity in university area
- 5 bedrooms and 2 full bathrooms available
- Open-concept layout enhances living space
- New kitchen countertop adds modern touch
- Included furnishings for convenience
- Optional management services for low-maintenance ownership
- Walking distance to Wilfrid Laurier and Waterloo universities
- Strong rental income potential in prime location
Freshly Painted Entire Unit (Walls, Ceilings, Trim and Doors), All Six Brand NewRoller Blinds Installed & New Kitchen Countertop, & Professionally Cleaned.Exceptional investment opportunity in Waterloo's highly sought-after university area.This purpose-built condominium features 5 bedrooms and 2 full bathrooms, offering anattractive option for investors seeking strong rental income potential. Situatedwithin walking distance of both Wilfrid Laurier University and the University ofWaterloo, the property benefits from a location that consistently attracts studenttenants. The unit boasts a functional open-concept layout with a spacious livingarea, 5 well-proportioned bedrooms, and 2 full bathrooms. Included furnishingsprovide added convenience, while optional professional management services makeownership easy for investors looking for a low-maintenance rental property. Condofees cover heat and water, helping to simplify monthly expenses. Residents also enjoyaccess to building amenities such as parking, elevator service, and shared laundryfacilities. With nearby transit routes, shopping, dining, and everyday conveniences,this property offers both comfort and accessibility in one of Waterloo's strongestrental markets.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $400
- Land Transfer Tax Fee
- $6,655
Condo/Maintenance Fee
- Maintenance Fee
- $802 /month
Included In Maintenance Fee
- Heat Included
- Building Insurance Included
- Water Included
Rental Items
- Rental Equipment
- None
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- Coin Operated, In Building
- Interior Extras
- Ventilation System
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- None
Building
- Building Type
- Condo Apartment
- Building Style
- Apartment
- Condo Corp Number
- 641
Construction
- Exposure
- East
- Exterior Finish
- Brick
- Special Designation
- Unknown
Inclusions
- Inclusions
- Fridge, Stove, Hood Fan, B/I Dishwasher, bedroom and living furniture as-is, where-is.
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Type
- None
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 0
Lockers
- Locker Type
- None
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 5
- Washrooms
- 2
- Kitchens
- 1
Room sizes
- Living Room—Main level
- Dining Room—Main level
- Kitchen—Main level
Washrooms
- 4-piece, Flat
- 4-piece, Flat
- Municipality
- Waterloo
- Neighbourhood
- Downtown Waterloo
- Main cross streets
- University ave W/Lester St
- Directions
- University ave W/Lester St
- MLS® number
- X13613582
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-07-28
- Updated on
- 2026-07-28
- Days on market
- 83 days
- Possession type
- Flexible
- Co-op commission
- 2.5% Plus hst
- Seller
- Listed by
- ROYAL LEPAGE SIGNATURE REALTY
Home Market Value
Current home valuation for Unit 101, 251 Lester Street, Waterloo, Downtown Waterloo, Waterloo, ON. Listed for $509,000
HOMEH Estimate
$507,354
Estimated Sales Range
$442,080 - $606,253
HOMEH Estimate for Unit 101, 251 Lester Street, Waterloo, Downtown Waterloo
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $9,000 over $500K
$25,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $19,322 | $14,201 | $12,114 | $0 |
=Total mortgage | $502,363 | $472,301 | $444,764 | $407,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,453monthly | $2,306monthly | $2,172monthly | $1,988monthly |
Land Transfer Tax
$6,655
$6,655
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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