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.
For sale
C$509,000
253 Lester St #101, Waterloo, ON N2L 3W6
5beds
2baths
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$802/mo HOA
What's special
Included furnitureElevator access
- 78 days
- 3
- 0
Zillow last checked:
Listing updated:
Listed by:
ROYAL LEPAGE SIGNATURE REALTY
Source: TRREB,MLS®#: X13575452
Originating MLS®#: Toronto Regional Real Estate Board
Originating MLS®#: Toronto Regional Real Estate BoardFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Bedroom
- Level: Main
- Dimensions: 3.96 x 2.43
Bedroom 2
- Level: Main
- Dimensions: 3.35 x 2.43
Bedroom 3
- Level: Main
- Dimensions: 3.04 x 2.74
Bedroom 4
- Level: Main
- Dimensions: 3.35 x 2.43
Bedroom 5
- Level: Main
- Dimensions: 3.65 x 2.43
Bathroom
- Level: Main
- Dimensions: 1.21 x 1.21
Bathroom
- Level: Main
- Dimensions: 1.82 x 1.21
Dining room
- Level: Main
- Dimensions: 4.26 x 2.74
Kitchen
- Level: Main
- Dimensions: 3.65 x 3.35
Living room
- Level: Main
- Dimensions: 4.26 x 2.74
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Laundry: Coin Operated, In Building
Features
- Other
- Basement: None
- Has fireplace: No
Interior area
- Living area range: 1000-1199 null
Property
Parking
- Parking features: Underground
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
Materials
- Brick
Community & HOA
HOA
- Services included: Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included
- HOA fee: C$802 monthly
- HOA name: WSCC
Location
- Region: Waterloo
Financial & listing details
- Annual tax amount: C$3,950
- Date on market: 7/17/2026
Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: N2L
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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