$ 497,500 $539,000
304 - 251 Lester Street
University Supermarket Costco

304 - 251 Lester Street

公寓
Waterloo, Ontario N2L 3W6
5 2 1 1200-1399 sqft
5 2 1
1200-1399 sqft
$ 497,500
Sold
$ 539,000 Down -7.7%
Taxes $3,932 2024
Maintenance $790 / mo
Estimated Monthly Mortgage $1291
Estimated Closing Costs $--
University Supermarket Costco

History

MLS®# X12444925

MLS®# X12444925

2026.01.15 Sold (-$41,500) $497,500
2025.12.22 Sold Cond. $539,000
2025.10.03 New $539,000

Details

Interior Rooms
MLS®#
copy
Type
公寓
Style
Condo Apartment
Size (sqft)
1200-1399
Exposure
East
Lot Size
Contact Agent
Parking
0 Total Parking Spaces
0 None Garage
0 Parking Spaces
Last Update
2026-01-19
Possession Date
Immediate
Listing Date
2025-10-03
Basement
None
Fireplace
N
Heating
Gas
Air Conditioning
Central Air
Locker
None
Water Included
Y
Pet
Yes-with Restrictions
Condo Corporation
641
Management Company
RentCorp Property Management
Broker
ROYAL LEPAGE SIGNATURE REALTY

About

Turnkey Investment Opportunity in Waterloo's University District! Discover this purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St, ideally located just steps from Wilfrid Laurier University and the University of Waterloo. With potential to generate over $49,000 in annual gross rental income and deliver positive monthly cash flow, this property is perfectly positioned for consistent returns. The unit features a spacious open-concept living area, two full bathrooms, and comes fully furnished for added convenience. Investors can take advantage of professional on-site property management for a truly hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and unbeatable proximity to transit, shops, and everyday amenities. Photos have been virtually decluttered. Unit 1: $900, ending Aug. 2027 Unit 2: $900, ending Aug. 2027, Unit 3: Vacant, Unit 4: $850, ending Sept 2026, Unit 5: $750, Month to Month. Detailed Proforma available upon request! Fridge, Stove, Hood Fan, B/I Dishwasher, 5 Beds, 5 Desks, Couch

The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA.

Investment Analysis

Estimated Monthly Costs
--
per month
Estimated Closing Costs
--
Property Tax $3,932 2024 year

Schools

JK - Grade12 University/College

Elementary (JK-G8)

Fraser Rank(2018) 1921 / 3052 English
English
Fraser Rank(2018) 2211 / 3052 Catholic English
Fraser Rank(2018) 993 / 3052 Catholic French
Fraser Rank(2018) 1062 / 3052 Catholic English

Secondary (G9-G12)

Fraser Rank(2023) 349 / 747 Secondary English AP
Fraser Rank(2023) 86 / 747 Secondary Catholic English AP
Fraser Rank(2023) 238 / 747 Secondary Catholic English AP
Fraser Rank(2023) 367 / 747 Secondary Catholic English AP
Wilfrid Laurier University - Martin Luther University College 587 m
75 University Ave W, Waterloo, ON N2L 3C5
(519)884-0710ext3234
Wilfrid Laurier University - Main Campus 587 m
75 University Ave W, Waterloo, ON N2L 3C5
(519)884-1970
University of Waterloo - Main Campus 915 m
200 University Avenue West, Waterloo, ON, Canada N2L 3G1
(519)888-4567

Neighbourhood

Groceries
T&T Supermarket 1.3 km
50 Westmount Road, Waterloo, ON
Costco Waterloo 5 km
930 ERB ST WWATERLOO, ON N2J 3Z4

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