Reid Greiner
203 251 Lester Street
Waterloo
N2L 3W6
$509,000
Residential Condo & Other
beds: 5
baths: 2.0
- Status:
- Active
- Prop. Type:
- Residential Condo & Other
- MLS® Num:
- X13115662
- Bedrooms:
- 5
- Bathrooms:
- 2
- Photos (41)
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Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 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 facilities, elevator access, and proximity to transit, shops, and various amenities.
- Property Type:
- Residential Condo & Other
- Property Sub Type:
- Condo Apartment
- Home Style:
- Apartment
- Total Approx Floor Area:
- 1200-1399
- Exposure:
- East
- Bedrooms:
- 5
- Bathrooms:
- 2.0
- Kitchens:
- 1
- Bedrooms Above Grade:
- 5
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 8
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Storey:
- 2
- Balcony:
- None
- Basement:
- None
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- None
- Parking Type:
- None
- Parking Spaces:
- 0
- Total Parking Spaces:
- 0.0
- Locker:
- Ensuite+Common
- Family Room:
- No
- Possession Details:
- Flexible
- HST Applicable To Sale Price:
- Included In
- Maintenance Fee:
- $781.37
- Maintenance fees include:
- Heat Included, Common Elements Included, Building Insurance Included, Water Included, CAC Included
- Assessment:
- $319,000
- Assessment Year:
- 2025
- Taxes:
- $4,356.03 / 2025
- Assessment:
- $319,000.00 / 2025
- Waterloo
- Waterloo
- Ventilation System
- Yes-with Restrictions
- None
- Fridge, Stove, Hood Fan, Dishwasher
- Tenants Belongings
- Brick
- Floor
- Type
- Size
- Other
- Main
- Living Room
- 9'5¾" × 9'3"
- Main
- Dining Room
- Measurements not available
- Main
- Kitchen
- Measurements not available
- Special Designation:
- Unknown
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Laundry Access:
- In Building
- Condo Corporation Number:
- 641
- Property Management Company:
- WILSON BLANCHARD
- Original Price:
- $509,000
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated May 14, 2026 at 04:15 AM (UTC)
Area Statistics
- Listings on market:
- 189
- Avg list price:
- $415,000
- Min list price:
- $209,000
- Max list price:
- $1,999,990
- Avg days on market:
- 48
- Min days on market:
- 1
- Max days on market:
- 546
These statistics are generated based on the current listing's property type
and located in
Waterloo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- Reid Greiner
- Royal LePage Signature Realty
- 416 888-7343
- reid@royallepage.ca
Reid Greiner The Kilted Realtor
My Office is Located at:
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201 - 30 Eglinton Ave. West Mississauga ON L5R3E7
905 568-2121
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