About this property

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.

Features & finishes

View

Balcony

Air Conditioning

Basement

Locker

Property details

MLS® Number	X13115662
Status	Active
Listing Type	For Sale
Property Type	Condo
Interior Size	1,200 sq ft
Beds / Baths	5 bed · 2 bath
Locker	Ensuite+Common
Exposure	East
Balcony	None
City	Waterloo
Postal Code	N2L 3W6
Province	ON
Listed Date	May 12, 2026
Days on Market	87
Price per Sq Ft	$424
Brokerage	ROYAL LEPAGE SIGNATURE REALTY