Unit 304, 251 Lester Street
Waterloo, ON N2L 3W6
251 Lester Street5 storeys- 5Bedrooms
- 2Bathrooms
- 0Parking
- 1200–1399Sq Ft
- $3,932Tax
- $790/moCondo Fee
Estimated Value:$505,250See Free Estimate Report
This home has sold. It is no longer available.
Property not available for sale or for rent.
Sale & Price History for Unit 304, 251 Lester Street, Waterloo
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2025-10-03 | 2026-01-19 | Login to See Prices | Sold | x12444925 |
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*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 304, 251 Lester Street, Waterloo
Turnkey Investment Opportunity in Waterloo's University District! Discover this purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St, ideally located just steps from Wilfrid Laurier University and the University of Waterloo. With potential to generate over $49,000 in annual gross rental income and deliver positive monthly cash flow, this property is perfectly positioned for consistent returns. The unit features a spacious open-concept living area, two full bathrooms, and comes fully furnished for added convenience. Investors can take advantage of professional on-site property management for a truly hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and unbeatable proximity to transit, shops, and everyday amenities. Photos have been virtually decluttered. Unit 1: $900, ending Aug. 2027 Unit 2: $900, ending Aug. 2027, Unit 3: Vacant, Unit 4: $850, ending Sept 2026, Unit 5: $750, Month to Month. Detailed Proforma available upon request!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,932
- Land Transfer Tax Fee
- $7,255
Condo/Maintenance Fee
- Maintenance Fee
- $790 /month
Included In Maintenance Fee
- Heat Included
- Common Elements Included
- Building Insurance Included
- Water Included
- CAC Included
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- Coin Operated, In Building
- Interior Extras
- Other
- 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, 5 Beds, 5 Desks, Couch
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
- None
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 5
- Washrooms
- 2
- Kitchens
- 1
Washrooms
- 4-piece, Main
- Municipality
- Waterloo
- Main cross streets
- University Ave W/Lester St
- Directions
- University Ave W/Lester St
- MLS® number
- X12444925
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-01-19
- Listed on
- 2025-10-03
- Days on market
- 108 days
- Possession type
- Immediate
- Co-op commission
- 2.25% + HST
- Seller
- Listed by
- ROYAL LEPAGE SIGNATURE REALTY
Home Market Value
Current home valuation for Unit 304, 251 Lester Street, Waterloo, , . Listed for $539,000
HOMEH Estimate
$505,250
Estimated Sales Range
$425,966 - $584,534
HOMEH Estimate for Unit 304, 251 Lester Street, 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 $39,000 over $500K
$28,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $20,396 | $15,038 | $12,828 | $0 |
=Total mortgage | $530,290 | $500,138 | $470,978 | $431,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,589monthly | $2,442monthly | $2,300monthly | $2,105monthly |
Land Transfer Tax
$7,255
$7,255
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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