253 Lester Street Unit# 101 Waterloo, Ontario N2L 3W6
$569,000Maintenance, Insurance, Heat, Water
$790.49 Monthly
Maintenance, Insurance, Heat, Water
$790.49 MonthlyRoom #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. (id:63008)
Property Details
| MLS® Number | 40746169 |
| Property Type | Single Family |
| AmenitiesNearBy | Public Transit, Schools |
| Features | Laundry- Coin Operated |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Appliances | Dishwasher, Refrigerator, Stove, Hood Fan |
| BasementType | None |
| ConstructedDate | 2009 |
| ConstructionStyleAttachment | Attached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 1158 Sqft |
| Type | Apartment |
| UtilityWater | Municipal Water |
Parking
| Underground | |
| None |
Land
| AccessType | Road Access |
| Acreage | No |
| LandAmenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Gr |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | 3pc Bathroom | Measurements not available | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 12'7'' x 8'5'' | ||
| Main Level | Bedroom | 11'8'' x 8'11'' | ||
| Main Level | Bedroom | 10'7'' x 9'10'' | ||
| Main Level | Bedroom | 11'7'' x 8'9'' | ||
| Main Level | Bedroom | 13'10'' x 8'4'' | ||
| Main Level | Kitchen | 12'11'' x 11'5'' | ||
| Main Level | Dining Room | 14'11'' x 9'5'' | ||
| Main Level | Living Room | 14'11'' x 9'3'' |
https://www.realtor.ca/real-estate/28554801/253-lester-street-unit-101-waterloo
Poonam Taggar
Salesperson
30 Eglinton Ave West Suite 7
Mississauga, Ontario L5R 3E7
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August 19 2025 04:20:15
REALTORS® Association of Hamilton-Burlington
Royal LePage Signature Realty