251 Lester ST #605 new Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2L 3W6
Key Details
Property Type Condo
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1200-1399
MLS Listing ID X12464454
Style Apartment
Bedrooms 5
HOA Fees $790
Annual Tax Amount $4,205
Tax Year 2025
Property Sub-Type Condo Apartment
Property Description
Prime Turnkey Investment in Waterloo's University District! Exceptional opportunity to own a purpose-built 5-bedroom, 2-bathroom condo at 251 Lester Street, located just steps from Wilfrid Laurier University and the University of Waterloo. Designed for strong rental performance, this unit has the potential to generate over $49,000 in annual gross income. The condo offers a bright, open-concept living space, two full bathrooms, and comes fully furnished, making it move-in ready for tenants. Investors will appreciate the professional property management in place, ensuring a seamless, hands-off ownership experience. Condo fees include heat and water, while the building features shared laundry, elevator access, and unbeatable proximity to transit, shopping, dining, and everyday amenities. Whether you're expanding your portfolio or entering the student rental market, this property delivers reliable returns in one of Waterloo's most sought-after locations. Upgrades to the unit include: entire unit recently painted, new toilets, new dishwasher, new security locks on all rooms, new laminate flooring, new student chairs (gaming style) and whiteboards in every room.
Location
State ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exposure East
Balcony None
Building
Story 3
Locker None
Others
Pets Allowed Restricted
ParcelsYN No