For Sale: 206-251 Lester Street, Waterloo, ON - REW
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$489,000
5 bd • 2 ba • 1200 - 1399 sf • Apt/Condo
206-251 Lester Street
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$489,000
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206 - 251 Lester StreetWaterloo, ON, N2L 3W6

  • 5 Bed
  • 2 Bath
  • 1200 - 1399 Sqft
  • Apt/Condo

About this home

Rare turnkey student asset generating $36,120/year gross in-place revenue ($3,010/month). Skip the leasing headache-Suite 206 at 251 Lester St is a purpose-built 5-bedroom, 2-bathroom residence featuring fully executed Ontario Standard Leases on long-term fixed horizons, backed by designated parental guarantors and managed turnkey by Property Management. Why gamble on unverified tenants when you can acquire secured cash flow from Day 1? Situated just steps from both the University of Waterloo and Wilfrid Laurier University, this unbeatable AAA location virtually eliminates vacancy risk while ensuring steady demand year after year. The suite comes complete with furnished living areas, an expansive open-concept common layout, two full four-piece bathrooms, and easy elevator access. Ownership is streamlined and predictable, as condo maintenance fees conveniently cover both heat and water. Professional property management infrastructure is already active and running smoothly behind the scenes, featuring automated tenant rent collection. Commuting is effortless with rapid access to the ION LRT transit line, local tech hubs, university plazas, grocery stores, and vibrant dining destinations. Whether you are expanding an established multi-family portfolio or are a parent-investor searching for a low-maintenance asset with strong fundamentals, this property delivers immediate predictability. Book your private viewing today!
Listed by: Sumit Taggar, Salesperson, ROYAL LEPAGE SIGNATURE REALTY

Home facts and features

Price details
List Price
$489,000
Get Pre-Approved
Gross Taxes for 2025
$4,059
Strata Maintenance Fees
$790
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Details
Underground
Property Type
Apt/Condo
Exterior Finish
Brick
Heating Type
Forced Air, Gas
Cooling
Central Air
Features
Coin Operated, In Building
Amenities
Building Insurance Included, CAC Included, Common Elements Included
Agent details
Primary Agent
Sumit Taggar
Primary Broker
ROYAL LEPAGE SIGNATURE REALTY
Secondary Agent
Poonam Taggar
Secondary Broker
ROYAL LEPAGE SIGNATURE REALTY
Listing details
Days on REW
20 Days
Property Views
62
MLS® Number
X13861922
Source
Toronto Real Estate Board
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Property Insights

Waterloo Collegiate Institute
  • Public
  • 9 - 12
MacGregor Public School
  • Public
  • 6 - 8
St David Catholic Secondary School
  • Catholic
  • 9 - 12
Winston Churchill Public School
  • Public
  • JK - 6
Our Lady of Lourdes Catholic Elementary School
  • Catholic
  • JK - 8
Keatsway Public School
  • Public
  • JK - 6
Cedarbrae Public School
  • Public
  • JK - 6
Centennial (Waterloo) Public School
  • Public
  • 7 - 8
Empire Public School
  • Public
  • JK - 6
Elizabeth Ziegler Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Sumit Taggar
Phone:
(647) 685-5040
Office:
905-568-2121
Salesperson
Poonam Taggar
Phone:
647-685-5040
Cell:
647-668-2233
Office:
905-568-2121
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