206-251 Lester Street, Waterloo, ON, N2L 3W6

MLS® # X12525442

Condo For Sale In Columbia, Waterloo, Ontario

$525,000 QuickQuote^TM: $419K - $562K

5 Beds

2 Baths

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206-251 Lester Street, Waterloo, ON - Outdoor With Facade

206-251 Lester Street, Waterloo, ON - Outdoor

206-251 Lester Street, Waterloo, ON - Indoor Photo Showing Other Room

206-251 Lester Street, Waterloo, ON - Indoor Photo Showing Kitchen With Double Sink

206-251 Lester Street, Waterloo, ON - Indoor Photo Showing Kitchen

206-251 Lester Street, Waterloo, ON - Indoor Photo Showing Dining Room

206-251 Lester Street, Waterloo, ON - Indoor

206-251 Lester Street, Waterloo, ON - Indoor Photo Showing Living Room

206-251 Lester Street, Waterloo, ON - Indoor Photo Showing Bathroom

206-251 Lester Street, Waterloo, ON - Indoor Photo Showing Bedroom

206-251 Lester Street, Waterloo, ON - Indoor Photo Showing Office

206-251 Lester Street, Waterloo, ON - Indoor Photo Showing Laundry Room

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206-251 Lester Street, Waterloo, ON, N2L 3W6

$525,000

5 Beds

2 Baths

Property Information:

Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 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, elevator access, and proximity to transit, shops, and amenities.

Inclusions: Fridge, Stove, Hood Fan, B/I Dishwasher

Exclusions : Tenants Belongings

Property Features:

Bedrooms: 5
Bathrooms: 2
Annual Tax Amount: $4,059
Architectural Style: Apartment
Association Fee Includes: Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included
Basement: None
Condo Fees: $790 Monthly
Construction Materials: Brick
Cooling: Central Air
Floor Space (approx): 1200-1399 Square Feet
Garage Type: None
Heat Type: Forced Air
Interior Features: None
Laundry Features: Coin Operated, In Building
Parking Features: None
Heat Source: Gas

Rooms:

Living Main Level 2.9 m x 2.82 m
Dining Main Level 3.43 m x 8.43 m
Kitchen Main Level 3.43 m x 8.43 m
Foyer Main Level 3.43 m x 8.43 m
Primary Bedroom Main Level 4.6 m x 2.36 m
Bedroom Main Level 3.73 m x 2.67 m
Bedroom Main Level 2.64 m x 3.96 m
Bedroom Main Level 3.56 m x 2.64 m
Bedroom Main Level 4.11 m x 2.34 m

Convert Measurement to:

Data provided by: Toronto Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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Sales/Price History

Rating:

Notes:

Sumit Taggar

Royal LePage Signature Realty , Brokerage*

Direct 416.443.0300

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Poonam Taggar

Royal LePage Signature Realty , Brokerage*

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QuickQuote^TM

Approximate value for 5 bed, 2 bath condo in this area is:

List Price
below Estimate List Price
above Estimate

$525,000

List Price

$418,900

$561,707

Low Estimate

High Estimate

Thinking of Selling?

Start by finding out what your home might be worth in today's market.

Market Price Trends

Condominium

-6.82%

Price change (1 year)

26.73%

Price change (5 years)

All Properties

-3.86%

Price change (1 year)

26.85%

Price change (5 years)

Location of 206-251 Lester Street, Waterloo, ON, N2L 3W6

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

51/100

Moderate

ClimateCheck®

Current data

This property, 206-251 Lester Street , experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past

30.6℃

2050

34.2℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 206-251 Lester Street , experiences 11 significant 2-day storms per year, with about 319.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 396.3mm of precipitation per year.

Precipitation Per Storm

Past

319.6mm

2050

396.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 206-251 Lester Street, Waterloo, ON, N2L 3W6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$57,403.85

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

1.84 %

High school certificate or equivalent

44.01 %

Apprenticeship trade certificate/diploma

0.88 %

College/non-university certificate

7.85 %

University certificate (below bachelor)

1.23 %

University Degree

44.19 %

Commuter

Travel To Work

By Car

51.37 %

By Public Transit

25.77 %

By Walking

16.99 %

By Bicycle

2.1 %

By Other Methods

3.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

94.02 %

Houses

5.98 %

Own Vs. Rent

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206-251 Lester Street, Waterloo, ON, N2L 3W6 $525,000 MLS® # X12525442