Unknown for 251 Lester St #206, Waterloo Ontario N2L 3W6
Re-listed 25 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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$2,850Cashback
Condo
5
2
~1200-1399 sqft

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Highlights

Property Estimate

Days on market25 days

Total days on market
447 days

Estimated valueNot available

Price/Sqft$441/sqft

Monthly cost

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CMA Subject Property

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+15

Properties sold*

$509K

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.


Property Details

StyleApartment
View-
Age of property-
SqFt~1200-1399 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX12228471
Community NameColumbia
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

5th Br

4.11 x 2.34

Living

2.9 x 2.82

Dining

3.43 x 8.43

Kitchen

3.43 x 8.43


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

51 days

Compared to

2024

42 days

2023

34 days

2022

24 days

New Listings

Past 30 days

60 listings

Compared to

2024

50 listings

2023

49 listings

2022

68 listings

Units sold

Past 30 days

17 units

Compared to

2024

15 units

2023

25 units

2022

32 units

Median Sold Price

Past 30 days

$443,000

Compared to

2024

$508,500

2023

$467,000

2022

$486,500


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