Open New Doors Real Estate
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$509,000

401 - 251 Lester Street

Waterloo, N2L3W6

5 bd2 baCondoListed 5 months agoExplore MacGregor Albert →

Listed by Royal LePage Signature Realty · MLS® X13170540

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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.

Details

Taxes
$4,370
Condo fee
$802 monthly
Parking
Garage, Underground
Heating
Natural gas, Coil Fan
Cooling
Central air conditioning, Ventilation system
Exterior
Concrete
Appliances
Refrigerator, Dishwasher, Stove, Hood Fan
Ownership
Condo/Strata

Features: Pets Allowed With Restrictions, Laundry- Coin operated

Location

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