Opportunity Knocks! Freshly painted and impeccably maintained, this ground-floor CORNER unit offers a truly hands-off investment in a high-demand area. Centrally located along the university hub-walking distance to both the University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted. Three rooms are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. Two additional rooms have leases ending August 2026, offering the potential for new tenants at rates of up to $900 per room. The property currently generates $3,800/month in rental income, totaling $45,600 annually. The building has recently added a brand-new onsite laundry facility, enhancing convenience for tenants and boosting overall appeal .A rare chance to step into a worry-free, income-producing property in one of Waterloo's most sought-after student rental locations. Please see inclusions for furniture included.
For sale
C$539,900
253 Lester St #104, Waterloo, ON N2L 3W6
5beds
2baths
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$802/mo HOA
What's special
Freshly paintedImpeccably maintainedGround-floor corner unitBrand-new onsite laundry facility
- 68 days |
- 3 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
CITYSCAPE REAL ESTATE LTD.
Source: TRREB,MLS®#: X13031346
Originating MLS®#: Toronto Regional Real Estate Board
Originating MLS®#: Toronto Regional Real Estate BoardFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Bedroom
- Description: Bedroom
- Level: Flat
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Bedroom 2
- Description: Bedroom 2
- Level: Flat
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Bedroom 3
- Description: Bedroom 3
- Level: Flat
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Bedroom 4
- Description: Bedroom 4
- Level: Flat
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Bedroom 5
- Description: Bedroom 5
- Level: Flat
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Dining room
- Description: Dining Room
- Level: Flat
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Kitchen
- Description: Kitchen
- Level: Flat
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Living room
- Description: Living Room
- Level: Flat
- Area: 0 Square Meters
- Area source: Other
- Dimensions: 0 x 0
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Laundry: In Building
Features
- Other
- Basement: None
- Has fireplace: No
Interior area
- Living area range: 1000-1199 null
Property
Parking
- Parking features: None
Lot
- Features: Public Transit, School
Details
- Parcel number: 236410067
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Brick
Community & HOA
HOA
- Services included: CAC Included, Common Elements Included, Heat Included, Building Insurance Included, Water Included
- HOA fee: C$802 monthly
- HOA name: WSCC
Location
- Region: Waterloo
Financial & listing details
- Annual tax amount: C$3,932
- Date on market: 4/22/2026
CITYSCAPE REAL ESTATE LTD.
CITYSCAPE REAL ESTATE LTD.
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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.
- Ontario
- Waterloo Regional Municipality
- Waterloo
- N2L 3W6
- 253 Lester St Unit 104
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