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For saleMLS® X13613582

251 Lester Street 101, Waterloo, ON N2L 3W6

$509,000

+ $802/mo maintenance$424 / sq ft

3 months on market

Bedrooms
5
Bathrooms
2
Interior
1,200 sf

What's special

  • East exposure
  • Central air
  • Pets with restrictions
  • Heat, Building insurance, Water included
  • Ventilation system

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About this property

Freshly Painted Entire Unit (Walls, Ceilings, Trim and Doors), All Six Brand NewRoller Blinds Installed & New Kitchen Countertop, & Professionally Cleaned.Exceptional investment opportunity in Waterloo's highly sought-after university area.This purpose-built condominium features 5 bedrooms and 2 full bathrooms, offering anattractive option for investors seeking strong rental income potential. Situatedwithin walking distance of both Wilfrid Laurier University and the University ofWaterloo, the property benefits from a location that consistently attracts studenttenants. The unit boasts a functional open-concept layout with a spacious livingarea, 5 well-proportioned bedrooms, and 2 full bathrooms. Included furnishingsprovide added convenience, while optional professional management services makeownership easy for investors looking for a low-maintenance rental property. Condofees cover heat and water, helping to simplify monthly expenses. Residents also enjoyaccess to building amenities such as parking, elevator service, and shared laundryfacilities. With nearby transit routes, shopping, dining, and everyday conveniences,this property offers both comfort and accessibility in one of Waterloo's strongestrental markets.

Rooms

3 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Living RoomMain2.89 × 2.81 m9.5 × 9.2 ft—
Dining RoomMain3.42 × 8.43 m11.2 × 27.7 ft—
KitchenMain3.42 × 8.43 m11.2 × 27.7 ft—

Features

  • Ventilation System

Property details

Property

Property type
condo apartment
Bedrooms
5
Bathrooms
2
Interior size
1,200 sq ft
Possession
TBD

Interior

Heating
Forced Air · Gas
Cooling
Central Air
Exposure
East

Exterior & services

Construction
Brick

Condominium

Corporation
641 WSCC
Property manager
Wilson Blanchard
Pets
Yes-with Restrictions
Fee includes
Heat Included, Building Insurance Included, Water Included

Costs

List price
$509,000
Property taxes
$400 / year (2025)
Maintenance fee
$802 / month
Price per sq ft
$424

Listing

MLS® number
X13613582
Status
For sale
Listed
July 28, 2026
Days on market
99
Last updated
July 28, 2026
Listing brokerage
ROYAL LEPAGE SIGNATURE REALTY

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 86% of comparable condo apartment listings in Waterloo are asking less.

$295KMedian $390K$554K
This home
$424 / sq ft
Comparable median
$509 / sq ft

Based on 95 comparable active condo apartment listings in Waterloo. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.1% · minimum $25,900
$25,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,671.14
Property tax (est.)
$33.33
Maintenance fee
$802.00
Estimated monthly
$3,506

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$6,655
Total due on closing
$6,655

An estimate on the asking price of $509,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$509,000

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