206 - 251 Lester Street
Waterloo, ON
- 5 bed
- 2 bath
- approx. 1200-1399 sqft
- Condo Apartment
- 80 days on market
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 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.
Listing Details
- Taxes (2025)
- $4,059
- Listed
- June 20, 2026
Price History
Listing history
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Property
- Style
- Apartment
- Construction
- Brick
- Interior
- None
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 0
Utilities
- Heat Source
- Gas
Location & Legal
- Cross Street
- University Ave W / Lester St
- Parcel Number
- 236410063
- Possession
- Flexible
- Occupancy
- Tenant
Condo
- Maintenance Fee
- $790/month
- Fee Includes
- Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included
- Pets
- Yes-with Restrictions
- Locker
- None
- Balcony
- None
Included
- Inclusions
- Fridge, Stove, Hood Fan, & B/I Dishwasher.
- Exclusions
- Tenant's Belongings
Schools
Elementary
- MacGregor Public School0.8 km
Public · Waterloo Region DSB · 510 students
- Winston Churchill Public School1.4 km
Public · Waterloo Region DSB · 320 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
- Our Lady of Lourdes Catholic Elementary School1.6 km
Catholic · Waterloo CDSB · 385 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 45% met the provincial standard
Secondary
- Waterloo Collegiate Institute0.8 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
- St David Catholic Secondary School1.3 km
Catholic · Waterloo CDSB · 1080 students
Grade 10 literacy: 97% met the provincial standard
- Bluevale Collegiate Institute2.8 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Condo & Other in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,036
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,036 recorded sales of residential condo & other properties in Waterloo over the last 12 months.
Rooms
4-piece on Main, 4-piece on Main
Main
- Bedroom 212'3" x 8'9"
- Bedroom 38'8" x 13'
- Bedroom 411'8" x 8'8"
- Bedroom 513'6" x 7'8"
- Dining Room11'3" x 27'8"
- Foyer11'3" x 27'8"
- Kitchen11'3" x 27'8"
- Living Room9'6" x 9'3"
- Primary Bedroom15'1" x 7'9"
Listed by
ROYAL LEPAGE SIGNATURE REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$99,800
Estimated Monthly Payment
$2,451
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,451/mo (20% down, 5.5%)
Taxes: $338/mo · Insurance: $125/mo
Maint: $790/mo
Estimates only. Consult a financial advisor.
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