$509,000
251 Lester Street 203, Waterloo, ON N2L 3W6
Waterloo · N2L 3W6
Listing brokerage: ROYAL LEPAGE SIGNATURE REALTY
- Beds
- 5
- Baths
- 2
- Sq ft
- 1200–1399
- Parking
- 0
Monthly costs
Maintenance
$781/mo
$0.63 per sq ft
Property taxes
$363/mo
$4,356 a year (2025)
About $1,144 a month in fees and taxes, before the mortgage.
The fee covers
- Covered: Heat
- Covered: Water
- Covered: Air conditioning
- Covered: Common Elements
- Covered: Building Insurance
- Not covered: Hydro
Bills not covered are paid by the owner.
The unit
- Exposure
- East
- Parking
- None
- Locker
- Ensuite+Common
- Balcony
- None
- Laundry
- In Building
- Possession
- Flexible
The building
251 Lester Street 203
- 3 for sale
About this home
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.
All details22 more from the listing · Interior, Building, Heating, Parking, Exterior, Taxes, Listing
Interior
- Bedrooms
- 5
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 8
- Size
- 1200-1399 sq ft
Features
- Ventilation System
Building & Amenities
- Floor
- 2
- Property management
- WILSON BLANCHARD
Heating & Cooling
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
Parking
- Covered spaces
- 0
Exterior & Lot
- Style
- Apartment
- Exterior
- Brick
Taxes & Fees
- HST
- Included In
Listing
- MLS® number
- X13115662
- Type
- Condo Apartment
- Transaction
- For Sale
- Cross streets
- University Ave W / Lester St
- Co-listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms · 5Living Room, Dining Room, Kitchen, Washroom ×2
Living Room
Main
2.89 × 2.81 m · 9′6″ × 9′3″
Dining Room
Main
Kitchen
Main
4-piece washroom
Flat
3-piece washroom
Flat
History
Past listings and sales for this home and building.
Location
251 Lester Street 203, Waterloo, ON N2L 3W6 · Near University Ave W / Lester St
Monthly cost
Estimated monthly cost
$3,398/mo
- Mortgage
- $2,254
- Property tax
- $363
- Maintenance
- $781
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$110,974
$101,800 down + $9,174 to $10,424 in closing costs
- Ontario land transfer tax
- $6,655
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Status certificate
- $100
- Property tax adjustment
- $215
- Condo fee adjustment
- $454
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
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$509,000
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