#401 251 Lester Street, Waterloo, Ontario, N2L3W6




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$509,000
Waterloo
This 5-bedroom, 2-bathroom condo in Waterloo is for sale.
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:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 164 days on market, against an average age of 67 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 5-bed single family in Waterloo is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $509,000, about 7.3× the local median household income of $69,500.
Carrying it typically needs a household income of about $99,426 (20% down, 25-yr amortization, stress-tested) — roughly 43% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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