101 - 253 Lester Street Waterloo, Ontario N2L 3W6
$530,000Maintenance, Heat, Water, Common Area Maintenance, Insurance
$790.49 Monthly
Maintenance, Heat, Water, Common Area Maintenance, Insurance
$790.49 MonthlyRoom #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. (id:59126)
Property Details
| MLS® Number | X12596864 |
| Property Type | Single Family |
| Community Features | Pets Allowed With Restrictions |
| Features | Laundry- Coin Operated |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Age | 16 To 30 Years |
| Appliances | Dishwasher, Hood Fan, Stove, Window Coverings, Refrigerator |
| Basement Type | None |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1,000 - 1,199 Ft2 |
| Type | Apartment |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 4.26 m | 2.74 m | 4.26 m x 2.74 m |
| Main Level | Dining Room | 4.26 m | 2.74 m | 4.26 m x 2.74 m |
| Main Level | Kitchen | 3.65 m | 3.35 m | 3.65 m x 3.35 m |
| Main Level | Bedroom | 3.96 m | 2.43 m | 3.96 m x 2.43 m |
| Main Level | Bedroom 2 | 3.35 m | 2.43 m | 3.35 m x 2.43 m |
| Main Level | Bedroom 3 | 3.04 m | 2.74 m | 3.04 m x 2.74 m |
| Main Level | Bedroom 4 | 3.35 m | 2.43 m | 3.35 m x 2.43 m |
| Main Level | Bedroom 5 | 3.65 m | 2.43 m | 3.65 m x 2.43 m |
| Main Level | Bathroom | 1.82 m | 1.21 m | 1.82 m x 1.21 m |
| Main Level | Bathroom | 1.21 m | 1.21 m | 1.21 m x 1.21 m |
Land
| Acreage | No |
Parking
| No Garage |
https://www.realtor.ca/real-estate/29158310/101-253-lester-street-waterloo
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June 17 2026 04:35:05
Toronto Regional Real Estate Board
