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.
CondoProperty Type
Listed by SUMIT TAGGAR• ROYAL LEPAGE SIGNATURE REALTY
Listed by POONAM TAGGAR• ROYAL LEPAGE SIGNATURE REALTY
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Sale and tax history for 251 Lester St #203
Sale History
Tax History
Date
Event
Price
TREB #X13115662
May 12, 2026
Listed
$509,000
TREB #X12485550
May 2, 2026
Delisted
—
Oct 28, 2025
Listed
$529,000
+36
Incredible turnkey investment in the heart of Waterloo's university district! This 5-bedroom, 2-bathroom condo at 251 Lester St . 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.
As the MLS and public records start to fill up, we'll list the details here.