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
- 28 days |
- 11 |
- 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.
- C$7005 bd2 ba-- sqft253 Lester St #1, Waterloo, ON N2L3W6For Rent
- C$497,9995 bd2 ba-- sqft253 Lester St #204, Waterloo, ON N2L3W6For Sale
- C$---- bd2 ba100 sqft253 Lester St #5-301-301, Waterloo, ON N2L3W6Off Market
- C$725-- bd2 ba100 sqft253 Lester St SUITE 301, Waterloo, ON N2L3W6For Rent
- C$6951 bd2 ba100 sqft253 Lester St UNIT 5, Waterloo, ON N2L3W6For Rent
- C$6951 bd2 ba100 sqft253 Lester St UNIT 3, Waterloo, ON N2L3W6For Rent
- C$7951 bd2 ba100 sqft253 Lester St ROOM 302-3, Waterloo, ON N2L3W6For Rent
- C$7951 bd2 ba100 sqft253 Lester St ROOM 302-2, Waterloo, ON N2L3W6For Rent
- C$7951 bd2 ba100 sqft253 Lester St ROOM 301-1, Waterloo, ON N2L3W6For Rent
Similar homes
- C$509,0005 bd2 ba-- sqft251 Lester St #101, Waterloo, ON N2L 3W6For Sale
MLS ID #X13613582, ROYAL LEPAGE SIGNATURE REALTY. TRREB - C$509,0005 bd2 ba-- sqft251 Lester St #401, Waterloo, ON N2L 3W6For Sale
MLS ID #X13170540, ROYAL LEPAGE SIGNATURE REALTY. TRREB - C$498,9995 bd2 ba-- sqft251 Lester St #206, Waterloo, ON N2L 3W6For Sale
MLS ID #X13470720, ROYAL LEPAGE SIGNATURE REALTY. TRREB - C$509,0005 bd2 ba-- sqft251 Lester St #203, Waterloo, ON N2L 3W6For Sale
MLS ID #X13115662, ROYAL LEPAGE SIGNATURE REALTY. TRREB - C$497,9995 bd2 ba-- sqft253 Lester St #204, Waterloo, ON N2L 3W6For SaleMLS ID #X13126804, PROPERTY.CA INC.. TRREB
- C$499,9995 bd3 ba-- sqftSage, Waterloo, ON N2L 3H2For SaleMLS ID #X13615358, HOMELIFE BROADWAY REALTY INC.. TRREB
- C$510,0003 bd2 ba-- sqft8 Hickory St W #901, Waterloo, ON N2L 3H6For SaleMLS ID #X13458736, HOMELIFE LANDMARK REALTY INC.. TRREB
- C$553,0005 bd3 ba-- sqft288 Albert St #113, Waterloo, ON N2L 0G9For SaleMLS ID #X13603310, REALTY WEALTH GROUP INC.. TRREB
- C$411,0002 bd2 ba-- sqft275 Larch St #209F, Waterloo, ON N2L 3R2For SaleMLS ID #X13622056, HOMELIFE/MIRACLE REALTY LTD. TRREB
- C$495,0002 bd2 ba-- sqft223 Erb St W #302, Waterloo, ON N2L 0B3For SaleMLS ID #X13141490, HOMELIFE LANDMARK REALTY INC.. TRREB
- C$424,9902 bd2 ba-- sqft275 Larch St #G607, Waterloo, ON N2L 3R2For SaleMLS ID #X13232016, REAL BROKER ONTARIO LTD.. TRREB
- C$449,0002 bd2 ba-- sqft265 Westcourt Pl #306, Waterloo, ON N2L 6E4For SaleMLS ID #X13591300, HOMELIFE LANDMARK REALTY INC.. TRREB
- C$709,0005 bd5 ba-- sqft8 Hickory St W #203, Waterloo, ON N2L 3H6For SaleMLS ID #X13486974, SUTTON GROUP-ADMIRAL REALTY INC.. TRREB
- C$485,9004 bd3 ba-- sqftThe Courtyards, Waterloo, ON N2L 6J5For SaleMLS ID #X13104832, CITYSCAPE REAL ESTATE LTD.. TRREB
- C$499,9904 bd2 ba-- sqft285 Bluevale St N #13, Waterloo, ON N2J 4L8For SaleMLS ID #X13411634, NU-VISTA PINNACLE REALTY BROKERAGE INC. TRREB
- C$499,9003 bd2 ba-- sqft142 Foamflower Pl, Waterloo, ON N2V 0G9For SaleMLS ID #X13646982, CENTURY 21 LEGACY LTD.. TRREB
- C$519,9003 bd3 ba-- sqft489 Beechwood Dr #1, Waterloo, ON N2T 1H8For SaleMLS ID #X13611626, RE/MAX HALLMARK REALTY LTD.. TRREB
- C$359,9002 bd1 ba-- sqft271 Eiwo Ct #310, Waterloo, ON N2K 2M8For SaleMLS ID #X13674286, HOMELIFE/VISION REALTY INC.. TRREB
- C$439,0004 bd2 ba-- sqft288 Westcourt Pl #25, Waterloo, ON N2L 2R7For SaleMLS ID #X13540196, RE/MAX HALLMARK REALTY LTD.. TRREB
- C$458,0005 bd2 ba-- sqft433 Keats Way #1, Waterloo, ON N2L 5S7For SaleMLS ID #X13122510, HC REALTY GROUP INC.. TRREB
