A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, unknown for 251 Lester St #206, Waterloo Ontario N2L 3W6
Re-listed 79 days ago

251 Lester St #206, Waterloo, Ontario N2L 3W6

In the same building:
-
Condo
5
2
~1200-1399 sqft
$•••,•••
$569,900
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$5,699Cashback
Condo
5
2
~1200-1399 sqft

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Highlights

Property Estimate

Days on market79 days

Total days on market
532 days

Estimated valueNot available

Price/Sqft$441/sqft

Monthly cost

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CMA Subject Property

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+6

Properties sold*

$430K

Median sold price*

*Based on last 30 days

Description

Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 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, elevator access, and proximity to transit, shops, and amenities. The seller will provide one year of professional property management or offer the cash value as part of the sale. Photos are virtually decluttered.


Property Details

StyleApartment
View-
Age of property-
SqFt~1200-1399 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX12293570
Community NameColumbia
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Primary

4.6 x 2.36

2nd Br

3.73 x 2.67

3rd Br

2.64 x 3.96

4th Br

3.56 x 2.64


2Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Market Data - Columbia

Geo Zone Map ThumbnailColumbia

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

30 days

Compared to

2024

57 days

2023

24 days

2022

19 days

New Listings

Past 30 days

32 listings

Compared to

2024

43 listings

2023

31 listings

2022

31 listings

Units sold

Past 30 days

6 units

Compared to

2024

6 units

2023

6 units

2022

14 units

Median Sold Price

Past 30 days

$340,150

Compared to

2024

$430,000

2023

$392,500

2022

$515,500


Population and Demographics

Overview

Total population 7359
Average household income $71,241

Age (%)

0 to 19
15%
20 to 34
64%
35 to 49
9%
50 to 64
7%
65 and plus
5%

Household composition (%)

Single person
40%
Multi person
32%
Single family
28%
Multi family
0%

Mother tongue (%)

English
56%
Mandarin
17%
Hindi
5%
Others
3%
Punjabi (Panjabi)
3%
Arabic
3%
Gujarati
2%
Spanish
2%
Telugu
1%

House tenancy (%)

Renters
86%
Owners
14%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget