<-- style PDP --> 401-251 Lester Street, Waterloo - Condo Apt for sale for $509,000
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  • for sale

401-251 Lester Street

Waterloo, Ontario, N2L 3W6 -

$509,000

  • Neighbourhood

  • Major Intersection

    University Ave W / Lester St

  • Listed Since: 60 day(s)

  • Last update: 60 day(s) ago

Overview

  • Property Type

    Condo Apt, Apartment

  • Bedrooms

    5

  • Bathrooms

    2

  • Square Feet

    1200-1399

  • Exposure

    North

  • Total Parking

    n/a

  • Maintenance

    $802

  • Taxes

    $4,370.00 (2025)

  • Balcony

    None

Property Description

Property description for 401-251 Lester Street, Waterloo

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.

Listed by ROYAL LEPAGE SIGNATURE REALTY

  • MLS #

    X13170540

  • Sq. Ft

    1200-1399

  • Sq. Ft. Source

    MLS

  • Year Built

    16-30

  • Basement

    None

  • View

    n/a

  • Garage

    Underground

  • Parking Type

    None

  • Locker

    None

  • Pets Permitted

    Yes-with Restrictions

  • Exterior

    Concrete

  • Fireplace

    N

  • Security

    n/a

  • Elevator

    n/a

  • Laundry Level

    n/a

  • Building Amenities

    n/a

  • Maintenance Fee Includes

    Heat, Water

  • Property Management

    WILSON BLANCHARD

  • Heat

    Fan Coil

  • A/C

    Central Air

  • Water

    n/a

  • Water Supply

    n/a

  • Central Vac

    N

  • Cert Level

    n/a

  • Energy Cert

    n/a

  • MLS #

    X13170540

  • Sq. Ft

    1200-1399

  • Sq. Ft. Source

    MLS

  • Year Built

    16-30

  • Basement

    None

  • View

    n/a

  • Garage

    Underground

  • Parking Type

    None

  • Locker

    None

  • Pets Permitted

    Yes-with Restrictions

  • Exterior

    Concrete

  • Fireplace

    N

  • Security

    n/a

  • Elevator

    n/a

  • Laundry Level

    n/a

  • Building Amenities

    n/a

  • Maintenance Fee Includes

    Heat, Water

  • Property Management

    WILSON BLANCHARD

  • Heat

    Fan Coil

  • A/C

    Central Air

  • Water

    n/a

  • Water Supply

    n/a

  • Central Vac

    N

  • Cert Level

    n/a

  • Energy Cert

    n/a

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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