Scott Morgan - Sutton
44 Baldwin Street
Brooklin, ON L1M1A2
$509,000 $2,732 est/mo Sourced by Back At You
401 - 251 Lester Street,Waterloo, ON N2L3W6
Waterloo, ON N2L3W6
Description
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. (id:13843)
Details
| MLS # | X13170540 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Strata Fees | $802 |
| Status | Active |
| Days On Site | 153 |
| Listing Provided By | ROYAL LEPAGE SIGNATURE REALTY | SUMIT TAGGAR |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,200 |
Interior
| Cooling | Central air conditioning, Ventilation system |
|---|---|
| Heating | Natural gas, Coil Fan |
| Appliances | Refrigerator, Dishwasher, Stove, Hood Fan |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Laundry- Coin operated |
|---|
Parking
| Parking Features | Garage, Underground |
|---|---|
| Parking Total | 0 |
Taxes
| Tax Annual Amount | 4370 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Waterloo |
| Postal Code | N2L3W6 |
| Listing VS Median (in N2L3W6) | |
Price: $509,000 low | high Med: $493,500 sqft: 1,200 low | high Med: 1,200 $ / sqft: $424 low | high Med: $411 On site: 153 low | high Med: 92 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Waterloo |
| Postal Code | N2L3W6 |
| Listing VS Median (in N2L3W6) | |
Price: $509,000 low | high Med: $493,500 sqft: 1,200 low | high Med: 1,200 $ / sqft: $424 low | high Med: $411 On site: 153 low | high Med: 92 | |
Nearby Listings (Within 1/10 mile)
Price: $381K - $636K
sqft: 900 - 1,500
Listing Updated: September 29, 2026 at 3:25:17 AM PDT
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