251 Lester Street, Unit 203
251 Lester Street, Unit 203
$509,000
$392/sq ft · 61 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $2,218 |
| Property Tax (MLS) | $363 |
| Maintenance Fees | $781 |
| Total Monthly Cost | $3,362 |
Down payment: $101,800 (20.0%) · Mortgage: $407,200
Property tax uses MLS annual tax of $4,356/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by ROYAL LEPAGE SIGNATURE REALTY
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Data last updated: August 23, 2026 at 10:25 a.m.