For sale

$498,999

Est. $3,033/mo —

•

2 ba

•

View

sq ft

251 Lester St #206, Waterloo, ON N2L 3W6

About this home

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.

CondoProperty Type

Listed by SUMIT TAGGAR • ROYAL LEPAGE SIGNATURE REALTY

Listed by POONAM TAGGAR • ROYAL LEPAGE SIGNATURE REALTY

Listing updated: Jun 20, 2026 at 09:22am

Redfin checked: 2 minutes ago

•Source:TREB #X13470720

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Nearby open houses (10)

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Around this home

Schools
Places
Transit

0.8km

MacGregor Public School

Public, 6-8 • Assigned

0.8km

Waterloo Collegiate Institute

Public, 9-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Common area laundry
No basement

Laundry & utility
Common area laundry

Heating & cooling
Central air conditioning
Natural gas forced-air heating

Sale and tax history for 251 Lester St #206

Sale History
Tax History

Date

Event

Price

TREB #X13470720

Jun 20, 2026

Listed

$498,999

TREB #X13424452

Jun 10, 2026

Listed

$509,000

TREB #X12525442

Jun 1, 2026

Delisted

—

Nov 8, 2025

Listed

$525,000

+31

Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. 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.

TREB #X12293570

Mar 4, 2026

Relisted

—

Jul 18, 2025

Listed

$569,900

TREB #X12228471

Mar 4, 2026

Relisted

—

Jun 18, 2025

Listed

$569,900

TREB #X12002293

Mar 4, 2026

Relisted

—

Mar 5, 2025

Listed

$589,000

TREB #X10405055

Mar 6, 2025

Delisted

—

Nov 3, 2024

Listed

$609,000

TREB #X9303781

Nov 1, 2024

Listed

$609,000

Nov 1, 2024

Delisted

—

Sep 6, 2024

Listed

$609,000

TREB #X8260576

Apr 22, 2024

Listed

$609,000

Public record

Beds

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Baths

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Stories

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Lot width

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Lot depth

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Lot size

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Year renovated

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Finished Sq. Ft.

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Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

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Style

Condo/Co-op

Region

Waterloo Region

Parking Spaces

—

Basement

—

Accessible

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Maintenance Fees

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Garage

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Features

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Last updated by owner on Apr 22, 2024.

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