Sign In or Create a Free Account to see full details of this property
Key Facts
Key facts for 251 Lester Street #206
Property Type
Condo, Apartment
Parking
Underground 0 garage, 0 parking
MLS #
X13861922
Size
1200-1399 sqft
Basement
None
Listed on
2026-10-02
Lot size
-
Tax
$4,059 /yr
Days on Market
11
Approximate Age
-
Maintenance Fee
$790.49/mo
Central Air Conditio...
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 parenta...l 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!
Full Property Details
Interior
Bedrooms
5
Total Bedrooms
5
Washrooms
2
Square Footage
1200-1399 sqft
Basement
None
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Bedrooms
5
Total Bedrooms
5
Washrooms
2
Square Footage
1200-1399 sqft
Basement
None
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Exterior
Driveway
Underground
Parking Spaces
0
Total Parking Spaces
0.00
Parking Description
Underground
Garage Spaces
0
Balcony
None
Driveway
Underground
Parking Spaces
0
Total Parking Spaces
0.00
Parking Description
Underground
Garage Spaces
0
Balcony
None
Building Description
Style
Apartment
Home Type
Condo
Subtype
Condo Apartment
Property Orientation
East
Exterior Finish
Brick
Possession Date
No Data
Locker
None
Style
Apartment
Home Type
Condo
Subtype
Condo Apartment
Property Orientation
East
Exterior Finish
Brick
Possession Date
No Data
Locker
None
Taxes & Fees
Taxes
$4,059 /yr
Tax Year
2025
Occupancy
Tenant
Maintenance Fee
$790.49/mo
Central Air Conditioning
Included
Common Elements
Included
Heating
Included
Water
Included
Building Insurance
Included
Taxes
$4,059 /yr
Tax Year
2025
Occupancy
Tenant
Maintenance Fee
$790.49/mo
Central Air Conditioning
Included
Common Elements
Included
Heating
Included
Water
Included
Building Insurance
Included
Other
Pets
Yes-with Restrictions
Pets
Yes-with Restrictions
Room Types
Bedroom 2
-
Dimensions 12.24 x 8.76 feet
107.22 sqft
Bedroom 3
-
Dimensions 8.66 x 12.99 feet
112.49 sqft
Bedroom 4
-
Dimensions 11.68 x 8.66 feet
101.15 sqft
Bedroom 5
-
Dimensions 13.48 x 7.68 feet
103.53 sqft
Dining Room
-
Dimensions 11.25 x 27.66 feet
311.18 sqft
Foyer
-
Dimensions 11.25 x 27.66 feet
311.18 sqft
Kitchen
-
Dimensions 11.25 x 27.66 feet
311.18 sqft
Living Room
-
Dimensions 9.51 x 9.25 feet
87.97 sqft
Primary Bedroom
-
Dimensions 15.09 x 7.74 feet
116.8 sqft
Similar Properties(No results)
Mortgage Calculator
Calculate your estimated monthly mortgage payment
Price
$489,000
$
%
%
Total cost of mortgage
$0
Monthly payment
By clicking Save, we will calculate your estimated mortgage for all properties using the saved values (down payment percentage, interest rate, and amortization).
The accuracy and applicability of this calculator are not guaranteed.
