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$489,000
Ontario,Waterloo
For Sale Active
206 - 251 LESTER STREET, Waterloo, Ontario N2L3W6
  • 5
  • 2
  • 1200 - 1399Square Feet
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Basic Details
Description

Rare turnkey student asset generating $36, 120/year gross in-place revenue ($3, 010/month). Skip the leasing headache-Suite 206 at 251 Lester St is a purpose-built 5-bedroom, 2-bathroom residence featuring fully executed Ontario Standard Leases on long-term fixed horizons, backed by designated parental guarantors and managed turnkey by Property Management. Why gamble on unverified tenants when you can acquire secured cash flow

from Day 1? Situated just steps from both the University of Waterloo and Wilfrid Laurier University, this unbeatable AAA location virtually eliminates vacancy risk while ensuring steady demand year after year. The suite comes complete with furnished living areas, an expansive open-concept common layout, two full four-piece bathrooms, and easy elevator access. Ownership is streamlined and predictable, as condo maintenance fees conveniently cover both heat and water. Professional property management infrastructure is already active and running smoothly behind the scenes, featuring automated tenant rent collection. Commuting is effortless with rapid access to the ION LRT transit line, local tech hubs, university plazas, grocery stores, and vibrant dining destinations. Whether you are expanding an established multi-family portfolio or are a parent-investor searching for a low-maintenance asset with strong fundamentals, this property delivers immediate predictability. Book your private viewing today! (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: X13861922
  • Price: $489,000
  • Bedrooms: 5
  • Bathrooms: 2
  • Square Footage: 1200 - 1399 Sqft
  • Status: Active
  • Office Name: ROYAL LEPAGE SIGNATURE REALTY
  • Property Attached Yn: 1
  • Property Sub Type: Single Family
  • Office Key: 275784
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: None
  • Parking: No Garage
  • Exterior Features: Brick
Address Map
  • Location: CA, Ontario, Waterloo, N2L3W6
  • Street: Lester
  • Street Number: 251
  • Street Suffix: Street
  • Longitude: W81° 27' 54.6''
  • Latitude: N43° 28' 24.7''
Additional Information
  • Community Features:
  • Lot Features:
Financial
  • Association Fee: 790.49
  • Association Fee Frequency: Monthly
  • Association Fee Includes:
  • Tax Annual Amount: 4059
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Listing updated: 2026-10-06 17:46:55
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Listing Information
  • List Agent Key: 2045015
  • List Office Key: 275784
  • Modification Timestamp: 2026-10-06T20:45:02Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-10-06T20:39:15Z
Powered by REALTOR.ca
Listing updated: 2026-10-06 17:46:55
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