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.
Address
101 - 253 Lester Street
List Price
$569,000
Property Type
Residential Condo & Other
Type of Dwelling
Condo Apartment
Style of Home
Apartment
Transaction Type
Sale
Area
Waterloo
Sub-Area
waterloo
Bedrooms
5
Bathrooms
2
Floor Area
1000-1199 Sq. Ft.
Approx. Age
16 - 30 Years
Maint. Fee
$790.49
MLS® Number
X12251603
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Basement Area
None
Postal Code
N2L 3W6
Parking
Underground
Tax Amount
$3,538.00
Tax Year
2024
Pets
Restricted
Interior Features
Other
Association Fee Includes
Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Balcony Type
None
Construction Materials
Brick
Exposure
North West
Fireplace
No
Garage Type
None
Kitchens Total
1
Laundry Features
Coin Operated, In Building
Waterfront
No
