$509,000
Est. payment $2,254/moCalculate yours
251 Lester Street 101, Waterloo, ON N2L 3W6
Waterloo, ON N2L 3W6
- 5 Beds
- 2 Baths
- 1,200 Sq Ft
Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY MLS® X13613582
About this home
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.
Property details
Overview
- Property Type
- Condo Apartment
- Style
- Apartment
- For
- For Sale
- Status
- New
- Size
- 1,200 sqft
Interior
- Bedrooms
- 5
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
Lot & Parking
- Parking
- None garage
Financial
- Property Taxes
- $400 (2025)
- Condo Fee
- $802/mo
- Fee Includes
- Heat Included, Building Insurance Included, Water Included
- Pets
- Yes-with Restrictions
Location
- Cross Street
- University ave W/Lester St
Listing
- MLS® Number
- X13613582
- Days on Market
- 82
- Listed On
- 2026-07-28
- Possession
- TBD
- Listed By
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
Features
Interior
- Ventilation System
- Included
- Fridge, Stove, Hood Fan, B/I Dishwasher, bedroom and living furniture as-is, where-is.
- Rental items
- None
Mortgage calculator
Estimated mortgage payment
$2,254 per month
- Principal and interest
- $2,254
- Property tax
- $33
- Condo fees
- $802
- Estimated monthly cost
- $3,089
Your mortgage
- Mortgage amount
- $407,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $268,923
Cash to close
- Down payment
- $101,800
- Land transfer tax
- $6,655
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $108,455
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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