CAONWaterlooCentral District206-251 Lester St

206-251 Lester St, Waterloo, ON

Name: 206 - 251 Lester St, For Sale in Waterloo - Zoocasa
Brand: ROYAL LEPAGE SIGNATURE REALTY
SKU: X13861922
Price: 489000 CAD

Condo

For Sale

Listed price in listed location currency (CAD).

$489,000

520

MLS® X13861922

Overview

Key Facts

Type Apartment/Condominium

Levels Residential

Size -

Garage None

Maintenance Fees $790

Taxes $4,059

Days Active 24

Approx. Age

MLS® Number X13861922

Property Address: 206-251 Lester St, Waterloo, ON, N2L3W6

Average square foot calculated using Size range provided by listing agent.

Description

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!

MLS® NumberX13861922

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNone

Approx. Age

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatGas, Forced Air

A/CCentral Air

Extras

Rooms

Change to metres

Dining Room:Main Floor27.66 × 11.26 ft

Price History

Last Sold Price

----

Appreciation

Avg. Days Listed

Today, For Sale for $489,000

For Sale · 23 days

$489,000

MLS® X13861922

24 days ago

Not Sold Yet

February 2027, Canceled for $498,999

Canceled · 252 days

$498,999

MLS® X13470720

In 4 months

Canceled on Feb 28, 2027

January 2027, Canceled for $509,000

Canceled · 234 days

$509,000

MLS® X13424452

In 3 months

Canceled on Jan 31, 2027

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