250 Lester Street 401
Waterloo, N2L 3W6
FOR SALE
$499,900
➧
➧



















Browsing Limit Reached
Please Register for Unlimited Access
4
BEDROOMS 2
BATHROOMS 1
KITCHENS 1
ROOMS X13114208
MLSID Contact Us
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!
Call
Property Features
Park, Place Of Worship, Library, School, Public Transit, None, None, In Building
Call
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
Call
Listing contracted with Benjamins Realty Inc.
FULLY VACANT!! Calling all investors, parents of university students, and savvy buyers looking for an exceptional income-generating opportunity! This exceptional 4-bedroom apartment was previously rented for $3,300 per month, offering a strong rental history and excellent income potential for investors. This one-of-a-kind property offers outstanding rental potential with a spacious multi-level layout featuring 4 bedrooms, a bathroom on every level, and a shared kitchen configuration ideal for student housing or multi-tenant occupancy. The spacious floor plan offers a seamless flow throughout the apartment, providing the perfect balance of comfort and every day living. Freshly painted throughout and enhanced with new waterproof vinyl flooring on the upper level, this move-in-ready property blends modern updates with timeless character. Originally a 1900s industrial building thoughtfully converted to residential use in 2002, this unique home showcases soaring ceilings, exposed beams, exposed brick, and stone accents, creating a stunning urban loft feel that stands out from the ordinary. Residents also enjoy access to secured bike storage, a media lounge/recreation area to relax and unwind, and convenient onsite laundry facilities. Located in one of Waterloo's most sought-after neighbourhoods, take advantage of the proximity to the University of Waterloo, Wilfred Laurier University, Conestoga College Waterloo Campus, the ION LRT, public transit, grocery stores, restaurants, cafés, and everyday amenities. Enjoy miles of scenic walking trails just moments from your doorstep, offering outdoor enthusiasts the perfect opportunity to explore the natural beauty of the surrounding area year-round. With a proven rental history, consistently high occupancy, and the flexibility of being fully vacant, this is a rare opportunity for investors to set their own rents or for end users looking to capitalize on an incredible location. Book your private showing today!
Call
URBAN ELEGANCE MEETS INVESTMENT EXCELLENCE !Welcome to this rare and expansive 1,057 sq. ft. suite at Sunview Suites, located in the heart of Waterloo's vibrant University District. This turn-key unit comes fully furnished with modern, contemporary decor-ideal for investors seeking a seamless, ready-to-rent opportunity. Featuring a private street-level entrance, this suite includes a spacious primary bedroom with a private ensuite, offering exceptional convenience and privacy for high-end student or professional tenancies. Oversized windows provide abundant natural light, and the walkout patio door offers easy outdoor access. This unit is also well-suited for end users, including professionals, executives, or small families looking for a stylish, functional home in a thriving community. Residents enjoy premium building amenities such as: Study and work lounges, Rooftop terrace, Indoor lounge and dining area, Bike storage and Visitor parking. Located steps to University of Waterloo, Wilfrid Laurier University, and the ION LRT, this property sits in one of Canada's fastest-growing tech and education hubs-"Silicon Valley North." High-demand and a very low-vacancy area.A standout opportunity for investors or end-users-own a premium suite in one of Waterloo's most dynamic districts!
Call
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 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.
Call
Calling all investors, MOTIVATED SELLER! An Exceptional Investment Opportunity Awaits! This Fully Furnished Property, Just Minutes From The University Of Waterloo And Wilfred Laurier University, Features 5 Spacious Bedrooms And 2 Full Bathrooms, With A Large Common Area Including L Shaped kitchen And Spacious Bright Living Room. Walking Distance To Shopping, Restaurants, And Many Other Amenities. Buyer to assume the property management service agreement and have the option to Opt out at the end of the term.
Call
Welcome to Uptown Waterloo! Amazing location in the heart of popular Uptown Waterloo! This unique loft is ideal for a young family, a young professional working in the city, or as a student rental. It also presents an excellent investment opportunity in a highly desirable Waterloo location. This is the largest 3-bedroom unit in the building, featuring 3 bedrooms, 1 bathroom, and a spacious open-concept common area. Gorgeous hardwood floors throughout make the unit both attractive and easy to maintain. BRAND NEW A/C Unit installed in 2024. TANKLESS Water heater installed 2024,. Conveniently located close to restaurants, schools, public transportation, and numerous amenities, with a high walk score. Additional building amenities include a games room, on-site laundry, and bike storage. Ask the listing agent for a detailed income-versus-cost analysis and more information about the investment potential.
Call
Call