251 Lester St 206
Waterloo, N2L 3W6
FOR SALE
$609,000
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5
BEDROOMS2
BATHROOMS1
KITCHENS8
ROOMSX8260576
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Property Description
1238 sf, Total Monthly Rent - $4,344.87, one of the largest unit on Lester St, 5 bedrooms 2 bath, fully tenanted, turn-key investment, each room has large windows, 1 bed, mattress, study table and chair. Steps to Waterloo University campus & Laurier. Situated in the heart of the city. Take advantage of the prime rental income potential, surging population growth, and excellent transit options A must for your long-term investment portfolio!
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Extras
All Kitchen Appliances: Fridge, Stove, Hood Fan, B/I Dishwasher. All Elfs & Window Coverings.
Nearby Intersections
University & Albert (48)
King & University (109)
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Property Details
Street
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$3,841 (2023)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Waterloo Market Statistics
Waterloo Price Trend
251 Lester St 206 is a 5-bedroom 2-bathroom condo listed for sale at $609,000, which is $0 (0.0%) lower than the average sold price of $609,000 in the last 30 days (April 3 - May 2). During the last 30 days the average sold price for a 5 bedroom condo in Waterloo declined by $0 (0.0%) compared to the previous 30 day period (March 4 - April 2) and down $41,000 (6.3%) from the same time one year ago.Inventory Change
There were 2 5-bedroom condos listed in Waterloo over the last 30 days (April 3 - May 2), which is up 100.0% compared with the previous 30 day period (March 4 - April 2) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom condos in Waterloo typically sold ($10,000) (1.6%) below asking price over the last 30 days (April 3 - May 2), which represents a $0 decrease compared to the previous 30 day period (March 4 - April 2) and ($15,000) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom condos in Waterloo over the last 30 days (April 3 - May 2) stood at 50.0%, down from 100.0% over the previous 30 days (March 4 - April 2) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom condo in Waterloo stood at 4 days when successfully sold over the last 30 days (April 3 - May 2), compared to 0 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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*4 Bedroom Vacant Now*, 1238 sf, one of the largest unit on Lester st, 5 bedroom 2 bath, turn-key investment, each room has large windows, 1 bed, mattress, study table and chair. Steps to Waterloo university campus & Laurier. Situated in the heart of the city. Take advantage of the prime rental income potential, surging population growth, and excellent transit options. A must for your long-term investment portfolio!
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