Unknown for 251 Lester St #304, Waterloo Ontario N2L 3W6
1 day on Market

251 Lester St #304, Waterloo, Ontario N2L 3W6

In the same building:
-
Condo
5
2
~1200-1399 sqft
$539,000
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Condo
5
2
~1200-1399 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$417/sqft

Monthly cost

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+6

Properties sold*

$430K

Median sold price*

*Based on last 30 days

Description

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!


Property Details

StyleApartment
View-
Age of property-
SqFt~1200-1399 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX12444925
Community NameColumbia
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Forced Air
Cooling: Central Air

3Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Oct 4, 2025
ListedActive
$539,000
1 day on market
history photo preview16
Listing by trreb®

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