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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale Listed yesterday

    Unit 206 — 251 Lester Street

    Waterloo, ON·N2L 3W6·Near University Ave W / Lester St

    • 5 beds
    • 2 baths
    Waterloo real estate›X13470720
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    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 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.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    • Incredible Turnkey Investment In The Heart Of Waterloo's University District!
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 20, 2026ListedCurrentFor sale$498,999 —X13470720This page
    Jun 10, 2026Previously listedTer$509,000 —X13424452View
    Nov 8, 2025Previously listedExp$525,000 —X12525442View
    Jul 18, 2025Previously listedTer$569,900 —X12293570View
    Jun 18, 2025Previously listedTer$569,900 —X12228471View
    Mar 5, 2025Previously listedTer$589,000 —X12002293View
    Nov 3, 2024Previously listedTer$609,000 —X10405055View
    Sep 5, 2024Previously listedTer$609,000 —X9303781View
    Apr 22, 2024Previously listedExp$609,000 —X8260576View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      2
      Heating
      Forced Air
      Air conditioning
      Central Air
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 Unit 206 — 251 Lester Street
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $2,451
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $338
    0.81% mill rate · ON
    The market

    How this home sits in the Waterloo market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Waterloo market right now

    Average sold price, days on market, and closed-transaction count for Waterloo — sourced from MLS®.

    • Avg sold price
      $775,275
      Last 30 days
    • Median sold price
      $709,500
      Middle of the market
    • Days on market
      27 d
      Avg from list to close
    • Closed last 30d
      310
      MLS® transactions
    Full Waterloo market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into Unit 206 — 251 Lester Street — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at Unit 206 — 251 Lester Street and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is Unit 206 — 251 Lester Street listed for?

      Unit 206 — 251 Lester Street is listed at $498,999 on the MLS® (listing X13470720). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does Unit 206 — 251 Lester Street have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 1200-1399 sqft
  2. Condo Apartment
  3. Asking
    $498,999
    $0 / sqft · MLS® X13470720
    Chat Zara
  4. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,054,374
    $970,024Confidence range$1,138,724
    Asking vs estimate
    ↓below
    −$555,375
    (-52.7%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 5 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Waterloo sell in about 27 days — this one has been listed 1 day.

    Avg sold price
    $775,275
    Median sold
    $709,500
    Avg days on market
    27
    Recently sold
    310
    See comparable sales
    Features Include A Spacious Open-Concept Living Area, Two Full Baths, Included Furniture, And Professional Property Management Options For A Completely Hands-Off Experience.
  5. Condo Fees Include Heat And Water, And The Building Offers Parking, Shared Laundry, Elevator Access, And Proximity To Transit, Shops, And Amenities.
  6. Ask Zara a follow-up

    Parking & garage

    2
    Garage
    None
    Parking spaces
    0
  7. Interior

    4
    Basement
    None
    Family room
    N
    Kitchens
    1
    Total rooms
    8
  8. Exterior & construction

    3
    Exterior
    Brick
    Patio
    None
    Balcony
    None
  9. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    Apartment
    Property class
    Condo Apartment
  10. Room-by-room · 9 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    9 rooms
    • Kitchen
      11.3 × 27.7 ft
    • Primary Bedroom
      15.1 × 7.7 ft
    • Bedroom 2
      12.2 × 8.8 ft
    • Living Room
      9.5 × 9.3 ft
    • Dining Room
      11.3 × 27.7 ft
    • Bedroom 3
      8.7 × 13.0 ft
    • Bedroom 5
      13.5 × 7.7 ft
    • Foyer
      11.3 × 27.7 ft
    • Bedroom 4
      11.7 × 8.7 ft

    Condo corporation & monthly fees

    Maintenance fee, what's included, locker, exposure, amenities, and condo corp details.

    Monthly maintenance
    Condo corp fees
    $790
    per month
    Maintenance fee includes
    • Heat
    • Water
    Building details
    • Unit6
    • Storeys (building)2
    • ExposureEast
    • LockerNone
    • Parking typeUnderground
    • Pet policyYes-with Restrictions
    • Ensuite laundryN
    • Condo corpWSCC
    • Corp #641
    • Property managerWilson Blanchard
    Combined estimate
    $2,789
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $2,451
    /mo
    based on the purchase price of $498,999
    $99,800 cash
    $399,199 financed
    $336,230 total interest
    Monthly payment$2,451/ month
    Principal54%$399,199
    Interest46%$336,230

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax and condo fees.

    Comparable condo apartments that just sold in Waterloo

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 261 Lester Street
      Sold
      Sign in for price
      261 Lester Street
      Condo Apartment
    • 8 Hickory Street
      Sold
      Sign in for price
      8 Hickory Street
      Condo Apartment
    • 251 Lester Street
      Sold
      Sign in for price
      251 Lester Street
      Condo Apartment
    • 375 King Street
      Sold
      Sign in for price
      375 King Street
      Condo Apartment
    • 392 Albert Street
      Sold
      Sign in for price
      392 Albert Street
      Condo Apartment
    • 253 Lester Street
      Sold
      Sign in for price
      253 Lester Street
      Condo Apartment
    AddressBd / BaSqftSold$/sqft% of askSold
    Unit 206 — 251 Lester StreetThis home5 / 212,001,399$498,999ask———
    261 Lester Street5 / 21,200—
    8 Hickory Street4 / 42,000—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More condo apartments in Waterloo

    Active listings within ±20% of this asking price.

    • 253 Lester Street
      $514,900
      253 Lester Street
      Condo Apartment 5 2
    • 253 Lester Street
      $509,000
      253 Lester Street
      Condo Apartment 5 2
    • 251 Lester Street
      $509,000
      251 Lester Street
      Condo Apartment 5 2
    • 91 Westmount Road
      $549,000
      91 Westmount Road
      Condo Apartment 4 2
    • 121 University Avenue
      $414,999
      121 University Avenue
      Condo Apartment 5 3
    • 253 Lester Street
      $549,990
      253 Lester Street
      Condo Apartment 5 2
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  11. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  12. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  13. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  14. Public listing courtesy of ROYAL LEPAGE SIGNATURE REALTY · displayed on Summitly per MLS® data-share rules

    Unit 206 — 251 Lester Street is a 5-bedroom, 2-bath, 1200-1399 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  15. When was Unit 206 — 251 Lester Street built?

    The year built for Unit 206 — 251 Lester Street isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  16. What is the property tax for Unit 206 — 251 Lester Street?

    The 'Property tax' tab in the History section shows the most recent annual tax for Unit 206 — 251 Lester Street plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  17. How much would the monthly mortgage be on Unit 206 — 251 Lester Street?

    The affordability calculator on this page shows an estimated monthly mortgage for $498,999 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  18. Has Unit 206 — 251 Lester Street been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of Unit 206 — 251 Lester Street with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  19. What neighbourhood is Unit 206 — 251 Lester Street in?

    Unit 206 — 251 Lester Street is in Waterloo, Waterloo. The 'Neighbourhood' section below links to the live Waterloo real estate hub with average sold price, days on market, and current inventory.

  20. Is Waterloo a good place to live?

    Waterloo is one of ON's actively-tracked Summitly markets. The full Waterloo real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  21. 251 Lester Street
    5 / 2
    1,200
    —
    375 King Street4 / 21,400—
    392 Albert Street5 / 21,400—
    253 Lester Street5 / 21,200—