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251 Lester Street Unit 206

Waterloo, ON N2L 3W6

ActiveFor Sale
5 Beds
2 Baths
1,200 Sq Ft
Condo

About This Property

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 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

StatusActive
Property TypeCondo
Listing TypeFor Sale
Interior Size1,200 sq ft
Bedrooms5
Bathrooms2
LockerNone
BalconyNone
ExposureEast
Postal CodeN2L 3W6
Last UpdatedAug 8, 2026 · 7:10 p.m.

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Features & Amenities

  • View
  • Balcony
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X13470720

Listed by ROYAL LEPAGE SIGNATURE REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$498,999

asking price

MLS®X13470720
TypeCondo
CityWaterloo
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$2,437

/month · $399,199 mortgage

Down Payment20% — $99,800
Interest Rate5.5%

Amortization

Total Interest

$331,804

Total Cost

$731,003

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

ROYAL LEPAGE SIGNATURE REALTY