About 253 Lester Street 101
Room #1 - Vacant, #2 - $825, ending Aug 26, 2025, #3 Vacant, #4 - $850, monthly, #5 - $825, ending Aug 26, 2025. 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.
Features of 253 Lester Street 101
| MLS® # | 40746169 |
|---|---|
| Price | $569,000 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,158 |
| Acres | 0.00 |
| Year Built | 2009 |
| Type | Residential |
| Sub-Type | Condo/Apt Unit |
| Style | 1 Storey/Apt |
| Status | Active |
Community Information
| Address | 253 Lester Street 101 |
|---|---|
| Area | 4 - Waterloo West |
| Subdivision | 417 - Beechwood/University |
| City | Waterloo |
| County | Waterloo |
| Province | ON |
| Postal Code | N2L 3W6 |
Amenities
| # of Garages | 0.00 |
|---|---|
| Is Waterfront | No |
Interior
| Interior Features | Elevator |
|---|---|
| Appliances | Dishwasher, Range Hood, Refrigerator, Stove |
| Heating | Forced Air, Natural Gas |
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | No |
Exterior
| Lot Description | Urban, Ample Parking, Public Transit, Schools, Other |
|---|---|
| Roof | Other |
| Construction | Brick |
Additional Information
| Date Last Updated | October 18th, 2025 |
|---|---|
| Zoning | GR |
| HOA Fees | 790.49 |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | ROYAL LEPAGE SIGNATURE REALTY |
|---|