Gurvinder Nokwal REALTOR®
For Sale Condo Apartment 82 days on market

$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
Map

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

Room Level Dimensions
Living Room Main 9′ 6″ × 9′ 3″
Dining Room Main 11′ 3″ × 27′ 8″
Kitchen Main 11′ 3″ × 27′ 8″

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

Minimum for this price: $25,900 (5.09%)

Amortization, years

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
Total, before legal fees
$108,455
Talk to me about financing

Estimates 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

251 Lester Street 101, Waterloo, ON N2L 3W6 Waterloo, ON N2L 3W6
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$509,000 251 Lester Street 101, Waterloo, ON N2L 3W6
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