+7 photos
$529,000
251 Lester Street 203, Waterloo, ON N2L 3W6, Waterloo, ON
Waterloo, ON N2L 3W6
5 beds 2 baths Condo Apartment
About this home
Incredible turnkey investment in the heart of Waterloo's university district! This 5-bedroom, 2-bathroom condo at 251 Lester St . 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.
Property Score
68/ 100
Overall Property Score
good
A blend of both buyer and investor metrics.
Score breakdown
Walkability
60/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
78/100great
GO Transit, LRT, and bus access from this neighborhood.
Schools
82/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
65% of city avggreat
Priced below Waterloo's average of $815,000.
Appreciation Trend
+1.8%/yrgreat
Waterloo has seen +1.8% YoY price change.
Monthly Cash Flow
-$446/mofair
Estimated -$446/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
4.60%great
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X12485550
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.
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