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251 LESTER Street Unit# 506, Waterloo, Ontario

$599,000

5 Beds
2 Baths
1,389 Square Feet

Room #1 - $750, ending Aug 26, 2025, #2 - $750, ending Aug 26, 2025, #3 - $750, ending Aug 26, 2025, #4 - Vacant, #5 - $750, ending Aug 26, 2025. 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. (id:23309)

Listing ID: 40688081
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Bedroom	Main level	11'8'' x 8'7''
4pc Bathroom	Main level	Measurements not available
4pc Bathroom	Main level	Measurements not available
Bedroom	Main level	13'6'' x 7'8''
Bedroom	Main level	11'8'' x 8'7''
Bedroom	Main level	12'3'' x 8'9''
Primary Bedroom	Main level	15'1'' x 7'9''
Foyer	Main level	11'3'' x 27'9''
Kitchen	Main level	11'3'' x 27'9''
Dining room	Main level	11'3'' x 27'9''
Living room	Main level	9'6'' x 9'2''

Details

Amenities Nearby: Hospital, Park, Place of Worship, Public Transit, Schools
Community Features: Quiet Area
Features: Balcony, Laundry- Coin operated
Maintenance Fee: 790.49
Maintenance Fee Type: Insurance, Heat, Water
Maintenance Fee Payment Unit: Monthly
Ownership: Condominium
Transaction: For sale
Zoning Description: GR

Building

Appliances: Dishwasher, Refrigerator, Stove, Hood Fan
BasementType: None
Bedrooms Main Level: 5
Construction Style Attachment: Attached
Cooling: Central air conditioning
Exterior Finish: Brick
Fireplace Present: False
Foundation: Poured Concrete
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1389 sqft
Stories Total: 1
Type: Apartment
Utility Water: Municipal water

Land

Access Type: Road access, Highway Nearby
Amenities: Hospital, Park, Place of Worship, Public Transit, Schools
Sewer: Municipal sewage system

Listing provided by ROYAL LEPAGE SIGNATURE REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 251 LESTER Street Unit# 506 in Waterloo Ontario. It was last modified on January 7th, 2025. Contact Brad Sauve to schedule a viewing or to discover other Waterloo properties for sale.

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