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Ontario > Waterloo > 203-251 Lester Street

203-251 Lester Street, Waterloo, ON

Waterloo
University Ave W / Lester St
5 Br | 2 Bath | 1200-1399 Sqft
$509,000 For Sale

Property Overview

  • Condo Apartment — Apartment
  • SqFt: | 1200-1399 Sqft
  • Monthly Fee: $781/mo
  • Fee Includes: Heat Included, Common Elements Included, Building Insurance Included, Water Included, CAC Included
  • Exposure: East
  • Balcony: None
  • Locker: Ensuite+Common
  • Ensuite Laundry: No
  • Age: n/a
  • Taxes: 4,356 / 2025
  • MLS #: X13115662
  • Heat Source: Gas , Forced Air

Property Description

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.

Fridge, Stove, Hood Fan, Dishwasher

Property Details

  • For: For Sale
  • Type: Condo Apartment
  • Style: Apartment
  • Region: Waterloo
  • Hood: Waterloo
  • Pets Allowed: Yes-with Restrictions

Building Details

  • Condo Corp #: 641
  • Association: WSCC
  • Management: WILSON BLANCHARD
  • Age: n/a
  • Exterior: Brick
  • Heat: Gas , Forced Air
  • A/C: Central Air
  • Total Parking: 0.00
  • Parking Features: None
  • Locker: Ensuite+Common

Property Interior

  • Sqft: 1200-1399 Sqft
  • Bed: 5
  • Bath: 2
  • Kitchen: 1
  • Ensuite Laundry: No
  • Interior Features: Ventilation System
Rooms Details

Living Room

Main Level

2.89 x 2.81

Dining Room

Main Level

0 x 0

Kitchen

Main Level

0 x 0

Property Listed by: ROYAL LEPAGE SIGNATURE REALTY
Virtual Tour: n/a

Home Valuation Estimate

What is 203-251 Lester Street, Waterloo, ON worth in today’s Waterloo condo market?

This HomeZira valuation preview helps buyers and sellers review the asking price for this 5-bedroom Condo Apartment with 1200-1399 sq. ft. in Waterloo. The full estimate considers the condo’s location, property type, bedroom count, size range, building age, maintenance fee, and nearby comparable market activity after sign-in.

Condo-specific estimate See a valuation range built around this unit’s local condo profile.
Comparable condo context Review how similar nearby condo units help frame market value.
Fee and building factors Consider size, age, bedroom count, parking, locker, and maintenance-fee context.

This listing shows a $781/mo maintenance fee, which can be an important part of condo value comparison because monthly costs affect affordability and buyer demand.

Sign in to view the full condo valuation estimate.
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Similar Recently Sold Properties

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Location

  • Address: 203-251 Lester Street
  • Neighborhood: n/a
  • Zip/Postal Code: N2L 3W6
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Mortgage Calculator

Mortgage Amount:$0
Monthly Mortgage (est.):$0
Payment (per period): $0
Estimated Monthly Total*$0
*Monthly total = monthlyized mortgage payment + taxes/12 + condo fee.

Kazi Hossain

Kazi — Serving the Community for 19 Years!
REALTOR®

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About 203-251 Lester Street, Waterloo

Located at 203-251 Lester Street, Waterloo, ON (Waterloo), near University Ave W / Lester St, this condo offers a balanced mix of comfort and day-to-day practicality. Inside, you’ll find Condo Apartment, 5 bedrooms, 2 bathrooms and approximately 1200-1399 sq.ft. of interior space. East exposure for consistent daylight, with an none balcony that extends the living space outdoors. Everyday convenience includes 0 underground parking spots, an owned locker and ensuite laundry: No. The condominium budget is straightforward, with monthly fees of $781/mo and coverage for Heat Included, Common Elements Included, Building Insurance Included, Water Included, CAC Included. The building is TSCC #641 and WILSON BLANCHARD managing the property. It is currently listed at $509,000. MLS® X13115662.

Condo FAQs for 203-251 Lester Street, Waterloo, ON , Waterloo

What are the listing details for 203-251 Lester Street, Waterloo, ON?
203-251 Lester Street, Waterloo, ON is a Condo Apartment for sale in Waterloo, Waterloo. The current list price is $509,000. MLS number: X13115662.
How many bedrooms and bathrooms does this condo have?
203-251 Lester Street, Waterloo, ON is listed as a Condo Apartment with a ["Apartment"] style, featuring 5 bedroom(s) and 2 bathroom(s). The listed interior size range is 1200-1399 sq. ft..
What is the monthly condo fee for this listing?
The listed monthly maintenance fee is $781/mo. The listing shows the fee includes: ["Heat Included","Common Elements Included","Building Insurance Included","Water Included","CAC Included"].
What parking, locker, balcony, and exposure details are shown?
Total parking is listed as 0 space(s). Locker is listed as: Ensuite+Common. Balcony type is listed as: None. Exposure is listed as: East.
What building or condo corporation details are listed?
Condo corporation number: 641. Property management company: WILSON BLANCHARD.
Where is this condo located?
203-251 Lester Street, Waterloo, ON is located in Waterloo. The listed cross street is University Ave W / Lester St. Annual taxes are listed as $4,356 / 2025. The public listing page shows active listing information only and does not include sold prices in this FAQ.

FAQ content is based on current active condo listing fields shown on this page. Sold prices, sold comparables, and VOW-only details are not included in this public FAQ.