For Sale

#101 - 253 Lester Street

$509,000
Waterloo, Ontario N2L 3W6 · MLS® X13575452 · Updated 1h ago
253 Lester Street 101, Waterloo, ON N2L 3W6
1 / 34 photos
5
Bedrooms
2
Bathrooms
Sq Ft
0
Parking

About This Home

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 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, elevator access, and proximity to transit, shops, and amenities.

Property Information

Type
Residential Condo & Other
Style
Condo Apartment
Architectural Style
Apartment
Age
16-30
Exposure
North West
Bedrooms
5
Kitchens
1
Parking
0 total · None
Cross Street
University Ave W/Lester St
Postal Code
N2L 3W6
Occupancy
Tenant
Possession
Flexible
MLS#
X13575452
Listing Office
ROYAL LEPAGE SIGNATURE REALTY

Building Details

Construction
Brick
Heating
Forced Air · Gas
Cooling
Central Air
Basement
None
Fireplace
No
Laundry
Coin Operated, In Building

Features & Amenities

Interior
Other

Financials & Fees

Annual Property Tax
$3,950 (2026)
Condo / HOA Fee
$802 / month
Fee Includes
Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included
Association
WSCC
Locker
Ensuite+Common

Inclusions & Exclusions

Inclusions

Fridge, Stove, Hood Fan, B/I Dishwasher. All Elfs & Window Coverings

Exclusions

Tenants Belongings

Location

Listing courtesy of:ROYAL LEPAGE SIGNATURE REALTY

Source: Toronto Regional Real Estate Board (TRREB), via PropTx Innovations Inc.

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