251 Lester Street, Unit 401

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.

Property Type

Condo Apartment

Style

Apartment

Year Built

16-30

Heating

Fan Coil

Cooling

Central Air

Basement

None

Annual Taxes

$4,370 (2025)

Maintenance Fee

$802/mo

MLS #

X13170540

Brokerage

ROYAL LEPAGE SIGNATURE REALTY

Days on Market

2 days

Estimated payment. Does not include property tax, insurance, or condo fees.

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