For sale

C$530,000

253 Lester St #101, Waterloo, ON N2L 3W6

5beds

1,158sqft

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Condo/Apt Unit, Residential, Condominium

Built in 2009

-- sqft lot

$-- Zestimate^®

C$458/sqft

C$790/mo HOA

What's special

Room #1 - vacating end of December, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. 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.

205 days

5

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 5

Bedroom

Level: Main

Bedroom

Level: Main

Bedroom

Level: Main

Bedroom

Level: Main

Bedroom

Level: Main

Bathroom

Features: 4-Piece
Level: Main

Bathroom

Features: 3-Piece
Level: Main

Dining room

Level: Main

Kitchen

Level: Main

Living room

Level: Main

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Dishwasher, Range Hood, Refrigerator, Stove
Laundry: Coin Operated

Features

Elevator
Has fireplace: No

Interior area

Total structure area: 1,158
Total interior livable area: 1,158 sqft
Finished area above ground: 1,158

Property

Parking

Parking features: No Driveway Parking

Features

Frontage type: West

Lot

Features: Urban, Ample Parking, Public Transit, Schools, Other

Details

Parcel number: 236410064
Zoning: GR

Construction

Type & style

Home type: Condo
Architectural style: 1 Storey/Apt
Property subtype: Condo/Apt Unit, Residential, Condominium
Attached to another structure: Yes

Materials

Brick
Roof: Other

Condition

16-30 Years
New construction: No
Year built: 2009

Utilities & green energy

Sewer: Sewer (Municipal)
Water: Municipal

Community & HOA

HOA

Has HOA: Yes
Amenities included: Elevator(s), Other
Services included: Insurance, Central Air Conditioning, Common Elements, Heat, Snow Removal, Water
HOA fee: C$790 monthly

Location

Region: Waterloo

Financial & listing details

Price per square foot: C$458/sqft
Annual tax amount: C$3,809
Date on market: 12/3/2025
Inclusions: Dishwasher, Furniture, Range Hood, Refrigerator, Stove, Fridge, Stove, Hood Fan, B/I Dishwasher
Exclusions: Tenants Belongings

Poonam Taggar, Salesperson

(647) 668-2233

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