253 Lester Street 101
Waterloo, N2L 3W6
FOR SALE
$530,000

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5
BEDROOMS2
BATHROOMS1
KITCHENS8
ROOMSX12596864
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Property Description
Room #1 - Vacant, #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.
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Nearby Intersections
Property Features
Other, Underground, Coin Operated, In Building
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Property Details
Address
253 Lester Street 101
City
Postal Code
N2L 3W6
Property Type
Condo Apartment, Condo Apartment
Taxes
$3,809 (2025
Basement
None
Heat Type
Forced Air
Heat Source
Gas
Parking 1
None
Garage Type
None
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Listing contracted with Royal Lepage Signature Realty
Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. 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.
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Location! Location! This 4 Bedroom Condo Unit is steps away from The University of Waterloo and the property is great for students, professionals, and families. This Condo Unit is Available at 109 Westmount Road North. Vacant Possession from April 30 2026. Renovated in 2020 with 2 bathrooms, 6 appliances, and an open-concept kitchen with cabinetry/storage and in-suite laundry. Invest in this great condo or move in. Vacant May 1, 2026. This building has a garage with secure storage and parking. Surrounded by schools, transit, shopping, and Waterloo Park. The closest major intersection is University Ave West and Westmount Rd N.
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