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    for sale
    50 Days on Strata
    Est Sell Timeframe:
    16 Days

    304 - 251 Lester St

    251 Lester Street
    $539,000
    5 Beds
    2 Bath
    0 Parking
    1,238 SQFT
    Strata is Hiring Realtors | Apply Now

    Price History

    Maintenance Fees:
    $790/mth
    Taxes:
    $3,932 (2024)
    Property Type:
    Condo
    Cost Per Sqft:
    $435/sqft
    Outdoor Space:
    None
    Locker:
    None
    Possession Date:
    Now
    Exposure:
    East

    Amenities

    No Data

    About this Listing

    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!

    ExtrasFridge, Stove, Hood Fan, B/I Dishwasher, 5 Beds, 5 Desks, Couch

    royal lepage signature realtyMLS® #X12444925

    Utilities & Inclusions

    Hydro
    Not Included
    Heat
    Included
    Air Conditioning
    Included
    Water
    Included
    Parking
    Not Included
    Building Maintenance
    Included
    Building Insurance
    Included
    Heating Type
    Forced Air
    Heat Source
    Gas
    Air Conditioning Type
    Central Air

    Dimensions

    Room dimensions are not available for this listing.

    Buyer's Market
    Balanced
    Seller's Market

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    Building Trends At 251 Lester Street

    Days on Strata

    Units at 251 Lester Street spend an average of
    N/A
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Downtown Waterloo

    Turnover of Units

    On average, each unit is owned for
    N/A
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 46 condos in the Downtown Waterloo area

    Sold Units

    0
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    251 Lester Street offers the
    ?
    N/A
    best value out of 46 condos in the Downtown Waterloo neighbourhood

    Appreciation Rank

    251 Lester Street has the
    ?
    N/A
    highest ROI out of 46 condos in the Downtown Waterloo neighbourhood

    Rental Yield

    251 Lester Street yields the
    ?
    N/A
    highest rent prices out of 46 condos in the Downtown Waterloo neighbourhood

    High Demand

    251 Lester Street is the
    ?
    N/A
    most popular building out of 46 condos in the Downtown Waterloo neighbourhood

    Market Insights

    Transaction Insights at 251 Lester Street

    Not Available

    Market Inventory

    Total number of units listed and sold in Downtown Waterloo