250 Lester Street 401
Waterloo, N2L 3W6
FOR SALE
$514,900
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BEDROOMS2
BATHROOMS1
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Property Description
253 Lester St. #401 is a turnkey student rental investment property in the heart of Waterloo's university district. This spacious 5-bedroom, 2-bathroom condo is purpose-built for student living and delivers strong, consistent rental income with minimal effort. Just steps from Wilfrid Laurier University and the University of Waterloo, this location attracts reliable tenants year after year. The thoughtfully designed layout features approximately 1,158 sq ft of living space, including five generously sized bedrooms, two full bathrooms, and a large open-concept common area highlighted by an L-shaped kitchen and a bright living/dining room - perfect for gatherings, study sessions, or relaxing after class (recently updated with new furniture). Condo fees include heat and water, keeping operating costs low. The building offers elevator access, a brand-new onsite laundry facility for added tenant convenience, central air conditioning, and proximity to public transit, shopping, restaurants, and all essential amenities. Street parking and additional building parking options are available. Whether you're an experienced investor or looking for your first student rental property, this unit offers hands-off potential with proven gross rental income potentially exceeding $45,000 per year (based on current market rents in the building). Many similar units in the complex are fully tenanted with long-term leases, delivering stable cash flow in this ever-growing university hub. Don't miss your chance to own a worry-free (excellent onsite management available), income-generating property in one of Waterloo's most sought-after student locations. Schedule your viewing today!
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Property Features
Park, Place Of Worship, Library, School, Public Transit, None, None, In Building
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Property Details
Address
250 Lester Street 401
City
Postal Code
N2L 3W6
Property Type
Condo Apartment, Condo Apartment
Taxes
$3,809 (2025
Basement
None
Heat Type
Forced Air
Heat Source
Electric
Parking 1
None
Garage Type
None
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Listing contracted with Benjamins Realty Inc.
Turnkey cash-flow opportunity in Waterloo's premier university district! This purpose-built 5-bedroom, 2-bathroom investment condo at 253 Lester St offers exceptional income potential. Ideally positioned just steps from Wilfrid Laurier University and the University of Waterloo, this high-demand rental location supports strong tenant demand and consistent occupancy year after year. The unit features afunctional open-concept layout, spacious bedrooms, two full bathrooms, and comes fully furnished for seamless tenant turnover. Building amenities include parking, elevator access, shared laundry facilities, and convenient proximity to public transit, shopping, restaurants, and everyday essentials.
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Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 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 facilities, elevator access, and proximity to transit, shops, and various amenities.
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Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 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 facilities, elevator access, and proximity to transit, shops, and various amenities.
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9-Year New Building. Sun-Full Unit With West Exposure and 9Ft Ceiling. Ensuite Laundry. 3 Beds and 2 Full Baths. Living room wall tv, three bar stools and 5 appliances . Great Location: Close To Uptown Waterloo, Park, 2-Min Walk to Wilfred Laurier University, 15-Min Walk or 5-Min Bus to Waterloo University. Amenities Includes: A Rec Room, Visitor Parking, Gym & Meeting Room. One Underground parking negatable. Rent the whole unit for three students. Room #1 Double bed, closet, desk and chair, Room #2 Double bed, closet, (desk and chair optional) & Room #3 Single bed, closet,( desk and chair optional).
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Exceptional 5 bedroom condo townhouse that is perfect for investors ($3,500 a month estimated monthly rent), first time home buyers and families a like. The spacious layout seamlessly flows from room to room, creating an inviting atmosphere for both relaxation and entertainment.Enjoy preparing meals with ease as there is no shortage of counter space in the kitchen. Morning coffee or barbecues with friends on your patio.Each bedroom offering plenty of space, natural light, and closet storage. The master bedroom features an ensuite bath & walk in closet .Downstairs, is a rec room for movie nights and entertaining. There is an abundance of storage in the basement for all of your extra belongings.Take advantage of the proximity to excellent schools, Wilfred Laurier University, Waterloo University as well as the Conestoga College campus,Miles of scenic walking trails for outdoor enthusiasts to explore the natural beauty of the surrounding area. For those who enjoy shopping and dining, you're in luck! This property is conveniently located within walking distance to great shopping destinations and local eateries, providing endless opportunities for leisure ! No scraping your car this upcoming winter as there is a underground parking space included.
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Bright and spacious open-concept corner unit offering 939 sq. ft. in Waterloo's highly sought after Lexington neighbourhood. This well-maintained 2-bedroom condo features a functional layout with an updated washroom and a private terrace, providing comfortable living in a secure, professionally managed building. One surface parking space included. Prime location-just minutes to the University of Waterloo, Wilfrid Laurier University, Conestoga Mall, Bechtel Park, shopping, restaurants, transit, and quick access to Hwy 85-making daily commuting effortless. An excellent opportunity for first-time buyers, young professionals, or investors.
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