$489,000 Sale

Listed 8 days ago

251 Lester Street #206

MLS® x13861922 Condo Apt

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Beds · 5

Baths · 2

Parking · 0

Sqft · 1200-1399

Est. mortgage

$1,855/mo

Maintenance Fee

$790.49/mo

Property Taxes

$4,059/yr

Listing History

Buy/Sell/Terminated/Expired listing history for 251 Lester Street #206

Date	Days on Market	Price	Event	Listing ID

10/2/2026	-	$489,000	For Sale	X13861922
10/2/2026	11	¤489,000	Listed
10/5/2026	107	$498,999	Terminated	X13470720
6/20/2026	107	¤498,999	Listed
6/20/2026	10	$509,000	Terminated	X13424452
6/10/2026	10	¤509,000	Listed
6/1/2026	205	$525,000	Expired	X12525442
11/8/2025	205	¤525,000	Listed
11/8/2025	113	$569,900	Terminated	X12293570
7/18/2025	113	¤569,900	Listed
7/18/2025	30	$569,900	Terminated	X12228471
6/18/2025	30	¤569,900	Listed
6/17/2025	104	$589,000	Terminated	X12002293
3/5/2025	104	¤589,000	Listed

or to see full details of this property

For Sale $489,000

10/2/2026

Listing ID X13861922

Days On Market -

Date Listed 10/2/2026

Listed Price $489,000

Terminated $498,999

10/5/2026

Listing ID X13470720

Days On Market 107

Date Listed 6/20/2026

Listed Price $498,999

Terminated $509,000

6/20/2026

Listing ID X13424452

Days On Market 10

Date Listed 6/10/2026

Listed Price $509,000

Expired $525,000

6/1/2026

Listing ID X12525442

Days On Market 205

Date Listed 11/8/2025

Listed Price $525,000

Terminated $569,900

11/8/2025

Listing ID X12293570

Days On Market 113

Date Listed 7/18/2025

Listed Price $569,900

Terminated $569,900

7/18/2025

Listing ID X12228471

Days On Market 30

Date Listed 6/18/2025

Listed Price $569,900

Terminated $589,000

6/17/2025

Listing ID X12002293

Days On Market 104

Date Listed 3/5/2025

Listed Price $589,000

or 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

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

Total Bedrooms

Washrooms

Square Footage

1200-1399 sqft

Basement

None

Heating Source

Gas

Heating Fuel

Forced Air

Air Conditioning

Central Air

Family Room

Kitchens

Total Kitchens

Fireplace Features

Bedrooms

Total Bedrooms

Washrooms

Square Footage

1200-1399 sqft

Basement

None

Heating Source

Gas

Heating Fuel

Forced Air

Air Conditioning

Central Air

Family Room

Kitchens

Total Kitchens

Fireplace Features

Exterior

Driveway

Underground

Parking Spaces

Total Parking Spaces

0.00

Parking Description

Underground

Garage Spaces

Balcony

None

Driveway

Underground

Parking Spaces

Total Parking Spaces

0.00

Parking Description

Underground

Garage Spaces

Balcony

None

Building Description

Style

Apartment

Home Type

Condo

Subtype

Condo Apt

Property Orientation

East

Exterior Finish

Brick

Possession Date

No Data

Locker

None

Style

Apartment

Home Type

Condo

Subtype

Condo Apt

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

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Sukhpal Babbar

Email: [email protected] Cell: 647-963-6363