253 Lester Street #104

Waterloo, N2L 3W6
FOR SALE
$569,900
253 Lester Street #104, Waterloo
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
253 Lester Street #104
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5
BEDROOMS
2
BATHROOMS
1
KITCHENS
8
ROOMS
X12715914
MLSID
Contact Us
Property Description
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 University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted, generating $3,800/month in rental income which totals a yearly income of $45,600. Tenancies are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. The building has recently added a brand-new onsite laundry facility, enhancing convenience for the tenants. A rare chance to step into a worry-free, income-producing property. Please see inclusions for furniture included.
Nearby Intersections
Property Features
Public Transit, School, Other, None, In Building
Property Details
Address
253 Lester Street #104
Postal Code
N2L 3W6
Property Type
Condo Apartment, Condo Apartment
Zoning
Residential
Taxes
$3,932 (2025
Basement
None
Heat Type
Forced Air
Heat Source
Gas
Parking 1
None
Garage Type
None
Listing contracted with Cityscape Real Estate Ltd.
253 Lester Street 402, Waterloo
5
BEDS
2
BATHS
$569,900
FOR SALE
Exceptional investment opportunity! Ideally located just minutes from the University of Waterloo and Wilfrid Laurier University making it a valuable addition to any investor's portfolio! Featuring five spacious bedrooms and two full bathrooms this home offers a thoughtfully designed layout with a large common area complete with an L-shaped kitchen and a bright open living room - perfect to relax and gather! Condo feesinclude heat and water. The building features parking, shared laundry facilities, elevator access and close proximity to transit, shopping, allamenities and much more! Potential to generate over $50,000 per year with current rents!
271 Lester Street 203, Waterloo
5
BEDS
2
BATHS
$569,900
FOR SALE
PARENTS! LOOKING FOR AN INVESTMENT while your child attends University? Cash Flowing Investment Opportunity - Fully Furnished 5-Bedroom Unit Near Universities. Potential Monthly Rental Income: $4,300/mth | Low Condo Fees | Parking Included This turn-key 5-bedroom, 2-bathroom condo offers an exceptional investment opportunity in a highly sought-after building, steps from University of Waterloo and Wilfrid Laurier University. Designed to maximize rental income, this unit comes fully furnished with zero property management fees, ensuring hassle-free cash flow from day one.Key Features include: Spacious Living Area: Open-concept living, dining, and kitchen, fully furnished with modern finishes. Five Bedrooms: Each bedroom features large windows and under-bed storage, dresser drawers, providing functional and comfortable living spaces for tenants. Secure Building: 24-hour security and a well-managed building ensure a safe environment and high tenant retention. Prime Location: Walk to campus, shopping, restaurants, and other local amenities. Parking: Rarely available in this building, included with the unit. Included Furnishings & Appliances: Refrigerator, stove, dishwasher, microwave, hood fan, beds with mattresses, desks with chairs, under-bed storage cabinets, dining table with chairs, couch, chairs, coffee table, window coverings, and lighting fixtures. Perfect for investors seeking a reliable, high-demand rental property, OR A parent looking for a solid investment while their child attends UofW or Laurier! Can be available for your child looking to attend University in the fall. You can't beat the location - hurry before it's gone!
271 Lester Street 102, Waterloo
5
BEDS
2
BATHS
$569,900
FOR SALE
Prime Investment Opportunity - Fully Furnished 5-Bedroom Unit Near Universities. Monthly Rental Income: $4,300 | Low Condo Fees | Covered Parking Included This turn-key 5-bedroom, 2-bathroom condo offers an exceptional investment opportunity in a highly sought-after building, steps from University of Waterloo and Wilfrid Laurier University. Designed to maximize rental income, this unit comes fully furnished with zero property management fees, ensuring hassle-free cash flow from day one.Key Features include: Spacious Living Area: Open-concept living, dining, and kitchen, fully furnished with modern finishes. Five Bedrooms: Each bedroom features large windows and under-bed storage, dresser drawers, providing functional and comfortable living spaces for tenants. Secure Building: 24-hour security and a well-managed building ensure a safe environment and high tenant retention. Prime Location: Walk to campus, shopping, restaurants, and other local amenities. Parking: Rarely available in this building, included with the unit. Included Furnishings & Appliances: Refrigerator, stove, dishwasher, microwave, hood fan, beds with mattresses, desks with chairs, under-bed storage cabinets, dining table with chairs, couch, chairs, coffee table, window coverings, and lighting fixtures. Perfect for investors seeking a reliable, high-demand rental property, this unit offers immediate occupancy and consistent income with a 6.23% Cap Rate.
253 Lester Street 101, Waterloo
5
BEDS
2
BATHS
$530,000
FOR SALE
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.
251 Lester Street 203, Waterloo
5
BEDS
2
BATHS
$529,000
FOR SALE
Incredible turnkey investment in the heart of Waterloo's university district! This 5-bedroom, 2-bathroom condo at 251 Lester St . 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.
251 Lester Street 206, Waterloo
5
BEDS
2
BATHS
$525,000
FOR SALE
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.
261 Lester Street 301, Waterloo
5
BEDS
2
BATHS
$519,000
FOR SALE
Room #1 - $900, ending Apr 30, 2026, #2 - $750, ending Apr 30, 2026, #3 - $750, ending Aug 26, 2026, #4 - $750, ending Apr 30, 2026, #5 - $750, ending Apr 30, 2026. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 261 Lester St has the potential to generate close to $50,000/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. Photos are virtually decluttered.
109 Westmount Road, Waterloo
4
BEDS
2
BATHS
$549,000
FOR SALE
Location! Location! This 4 Bedroom Condo Unit is steps away from The University ofWaterloo and the property is great for students, professionals, and families. ThisCondo Unit is Available at 109 Westmount Road North. Renovated in 2020 with 2bathrooms, 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 UniversityAve West and Westmount Rd N.
113 Westmount Road 4, Waterloo
4
BEDS
2
BATHS
$549,000
FOR SALE
Location! Location! This 4 Bedroom Condo Unit is steps away from The University ofWaterloo and the property is great for students, professionals, and families. ThisCondo Unit is Available at 113 Westmount Road North. Renovated in 2020 with 2bathrooms, 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 UniversityAve West and Westmount Rd N
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