251 Lester ST #206, Waterloo, ON N2L 3W6
251 Lester ST #206, Waterloo, ON N2L 3W6
251 Lester ST #206, Waterloo, ON N2L 3W6
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Tyler Verheul

Tyler Verheul

+1(613) 797-0208
$525,000
Est. payment /mo
5 Beds
2 Baths
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UPDATED:

Key Details

Property Type Condo

Sub Type Condo Apartment

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1200-1399

MLS Listing ID X12525442

Style Apartment

Bedrooms 5

HOA Fees $790

Annual Tax Amount $4,059

Tax Year 2024

Property Sub-Type Condo Apartment

Property Description

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.

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Basement None

Kitchen 1

Interior

Interior Features None

Cooling Central Air

Inclusions Fridge, Stove, Hood Fan, B/I Dishwasher

Laundry Coin Operated, In Building

Exterior

Parking Features None

Exposure East

Balcony None

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Lited by ROYAL LEPAGE SIGNATURE REALTY

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Tyler Verheul

More buyers are choosing LPT Realty for one simple reason — results. With a focus on personalized service, expert guidance, and a modern approach to real estate, we make every step of the process smooth, smart, and stress-free. Discover what sets us apart.

+1(613) 797-0208

tyler@tylervproperties.ca

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251 Lester ST #206

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