253 Lester Street 203
Waterloo, N2L 3W6
FOR SALE
$509,000
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5
BEDROOMS2
BATHROOMS1
KITCHENS8
ROOMSX13170624
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Property Description
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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Property Features
Ventilation System, Coin Operated
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Property Details
Address
253 Lester Street 203
City
Postal Code
N2L 3W6
Property Type
Condo Apartment, Condo Apartment
Taxes
$3,768 (2025
Basement
None
Heat Type
Fan Coil
Heat Source
Gas
Parking 1
None
Garage Type
Underground
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Listing contracted with Royal Lepage Signature Realty
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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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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