Salehian.com 647-325-5000

251 Lester Street 101

Waterloo, N2L 3W6 · More in this building

$509,000

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  • 5 bedrooms
  • 2 bathrooms
  • 0 parking
  • 1200-1399 sq ft

Listed 84 days ago · 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.

Details

Type
Condo Apartment
Style
Apartment
Size
1200-1399 sq ft
Basement
None
Garage
None
Kitchens
1
Property tax
$400 (2025)
Maintenance fee
$802/month
Municipality
Waterloo
Price per sq ft
$392 (25% below condo apartments in Waterloo, $523)
Fee per sq ft
$0.62/month

Interior

Bedrooms
5 above ground
Bathrooms
1 × 4-piece (flat), 1 × 4-piece (flat)
Rooms
8 above ground
Family room or den
No
Fireplace
No
Laundry
Coin Operated, In Building
Features
Ventilation System

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air

Building and exterior

Style
Apartment
Exterior
Brick

Parking

Driveway and parking
Underground

Condo

Monthly fee
$802
Fee includes
Heat Included, Building Insurance Included, Water Included
Exposure
East
Pets
Yes-with Restrictions
Property manager
Wilson Blanchard

More

Possession
TBD
Cross street
University ave W/Lester St

Rooms

RoomLevelSizeFeatures
Living RoomMain2.89 × 2.81 m (9'6" × 9'3")
Dining RoomMain3.42 × 8.43 m (11'3" × 27'8")
KitchenMain3.42 × 8.43 m (11'3" × 27'8")

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 Laurier - Waterloo Park LRT8 min walk
  • 🚇 University of Waterloo LRT9 min walk

Within a 10-minute walk: 3 grocery stores, 111 cafés and restaurants, 8 parks, 3 pharmacies. Nearest grocery: Waterloo Central Supermarket (50 m). Nearest park: Sunview park (250 m).

Schools nearby

Elementary

  • Winston Churchill Public School
    EQAO: Gr 6 reading 88%, math 56%    1.4 km
  • Our Lady of Lourdes Catholic Elementary School Catholic
    EQAO: Gr 6 reading 83%, math 45%    1.7 km
  • Keatsway Public School
    EQAO: Gr 6 reading 84%, math 50%    1.7 km
  • Empire Public School
    EQAO: Gr 6 reading 87%, math 52%    2.0 km

Secondary

  • Waterloo Collegiate Institute
    EQAO: Gr 9 math 57%, literacy test 85%    12 min walk
  • MacGregor Public School12 min walk
  • St. David Catholic Secondary School Catholic
    EQAO: Gr 9 math 67%, literacy test 97%    1.2 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N2L

Owners / renters
37% / 63%
Median household income
$69,500
Average age
37
Children under 15
11%
Homes
29% detached, 40% high-rise
Commute by transit
12%
Population
37,953

Languages spoken most at home besides English: Mandarin 5.5%, Arabic 1.4%, Hindi 0.9%, Punjabi (Panjabi) 0.9%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 4 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE SIGNATURE REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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