Unit 203, 251 Lester Street
Waterloo (Downtown Waterloo), ON N2L 3W6
251 Lester Street5 storeys- 5Bedrooms
- 2Bathrooms
- 0Parking
- 1200–1399Sq Ft
- $4,356Tax
- $781/moCondo Fee
Estimated Value:$507,348See Free Estimate Report
Sale & Price History for Unit 203, 251 Lester Street, Waterloo, Downtown Waterloo
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
Real estate boards require you to or to see the full details of this property.
*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About Unit 203, 251 Lester Street, Waterloo, Downtown Waterloo
Summarized Description
- Turnkey investment in Waterloo's university district
- 5 bedrooms and 2 bathrooms for rental potential
- High-demand location near two universities
- Open-concept living area for spacious feel
- Positive cash flow with professional management
- Included furniture for hassle-free renting
- Condo fees cover heat and water
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 $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 facilities, elevator access, and proximity to transit, shops, and various amenities.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,356
- Land Transfer Tax Fee
- $6,655
Condo/Maintenance Fee
- Maintenance Fee
- $781 /month
Included In Maintenance Fee
- Heat Included
- Common Elements Included
- Building Insurance Included
- Water Included
- CAC Included
Rental Items
- Rental Equipment
- None
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- 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, Dishwasher
Exclusions
- Exclusions
- Tenants Belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Type
- None
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 0
Lockers
- Locker Type
- Ensuite+Common
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
- 3-piece, Flat
- Municipality
- Waterloo
- Neighbourhood
- Downtown Waterloo
- Main cross streets
- University Ave W / Lester St
- Directions
- University Ave W / Lester St
- MLS® number
- X13115662
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-05-12
- Updated on
- 2026-05-12
- Days on market
- 166 days
- Possession date
- 2026-12-01
- Possession type
- Flexible
- Co-op commission
- 2.5% + HST
- Seller
- Listed by
- ROYAL LEPAGE SIGNATURE REALTY
Home Market Value
Current home valuation for Unit 203, 251 Lester Street, Waterloo, Downtown Waterloo, Waterloo, ON. Listed for $509,000
HOMEH Estimate
$507,348
Estimated Sales Range
$442,075 - $606,246
HOMEH Estimate for Unit 203, 251 Lester Street, Waterloo, Downtown Waterloo
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
For the owner
Is this your home? Track its value.
Get this home's HOMEH Estimate by email once a month, with how many homes are for sale around you.
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
Ask HOMEH
New!Hi there!
👋Text or call (416) 301-9001
Recommended for you
Based on homes you've looked at.
No recommended properties found.
Nearby similar homes
No nearby properties found.
More real estate resources
Other homes nearby
Explore this area
Nearby neighbourhoods
No nearby listings available.