401 - 251 LESTER STREET, Waterloo
$509,000
For sale: Apartment
- Property type
- Condo Apartment
- Bedrooms / bathrooms
- 5 bedrooms, 2 bathrooms
- Living area
- 1,399 sqft
- MLS®
- MLS® X13170540
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.
Sold data
Apartment homes in Waterloo — recent sold market
Apartment homes in Waterloo took a median of 38 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 65, across 65 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $417,500.
Homes sold for about 4.4% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 38
- Median sale price
- $417,500
- Sale-to-list ratio
- 95.6%
- Sold above asking
- 8%
Based on 65 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Waterloo
Waterloo has 31 Fraser Institute–rated schools (27 elementary and 4 secondary), averaging 6.8/10.
- Rated schools
- 31
- Elementary
- 27
- Secondary
- 4
- Average rating
- 6.8 / 10
Top-rated schools in Waterloo
- Millen Woods — elementaryFraser rating 8.9/10
- Sir John A Macdonald — secondaryFraser rating 8.7/10
- Abraham Erb — elementaryFraser rating 8.6/10
- Laurelwood — elementaryFraser rating 8.5/10
- Vista Hills — elementaryFraser rating 8.5/10
- Mary Johnston — elementaryFraser rating 8.3/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 401 - 251 LESTER STREET
$509,000
Apartment521,200–1,399 sqft203 - 251 LESTER STREET, Waterloo
$497,999
Apartment521,200–1,399 sqft204 - 253 LESTER STREET, Waterloo
$439,000
Apartment4+121,200–1,399 sqft807 - 2323 CONFEDERATION PARKWAY, Cooksville, Mississauga
$499,000
Apartment321,000–1,199 sqft215 - 258B SUNVIEW STREET, Waterloo
$499,999
Apartment321,000–1,199 sqft304 - 158 KING STREET N, Waterloo
$498,999
Apartment521,200–1,399 sqft206 - 251 LESTER STREET, Waterloo
$450,000
Apartment321,200–1,399 sqft1 - 15 GREEN VALLEY DRIVE, Kitchener
$458,000
Townhouse5+221,200–1,399 sqft1 - 433 KEATS WAY, Waterloo