For Sale: 401-251 Lester Street, Waterloo, ON - REW
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$509,000
5 bd • 2 ba • 1200 - 1399 sf • Apt/Condo
401-251 Lester Street
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$509,000
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401 - 251 Lester StreetWaterloo, ON, N2L 3W6

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

About this home

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.
Listed by: Sumit Taggar, Salesperson, ROYAL LEPAGE SIGNATURE REALTY

Home facts and features

Price details
List Price
$509,000
Get Pre-Approved
Gross Taxes for 2025
$4,370
Strata Maintenance Fees
$802
Home facts
Bedrooms
5
Full Bathrooms
2
Property Type
Apt/Condo
Year Built
16 - 30 yrs old
Exterior Finish
Concrete
Heating Type
Fan Coil, Gas
Cooling
Central Air
Features
Coin Operated, In Building
Amenities
Building Insurance 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
13 Days
MLS® Number
X13170540
Source
Toronto Real Estate Board
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25 Years
Interest Rate
3.99%

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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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