Room #1 - vacating end of December, #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.
For sale
C$530,000
253 Lester St #101, Waterloo, ON N2L 3W6
5beds
1,158sqft
Condo/Apt Unit, Residential, Condominium
Built in 2009
-- sqft lot
$-- Zestimate®
C$458/sqft
C$790/mo HOA
What's special
- 10 days |
- 2 |
- 0 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 04, 2025 at 11:17am
Listed by:
Poonam Taggar, Salesperson,
ROYAL LEPAGE SIGNATURE REALTY
Source: ITSO,MLS®#: 40791792Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 5
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom
- Features: 4-Piece
- Level: Main
Bathroom
- Features: 3-Piece
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range Hood, Refrigerator, Stove
- Laundry: Coin Operated
Features
- Elevator
- Has fireplace: No
Interior area
- Total structure area: 1,158
- Total interior livable area: 1,158 sqft
- Finished area above ground: 1,158
Property
Parking
- Parking features: No Driveway Parking
Features
- Frontage type: West
Lot
- Features: Urban, Ample Parking, Public Transit, Schools, Other
Details
- Parcel number: 236410064
- Zoning: GR
Construction
Type & style
- Home type: Condo
- Architectural style: 1 Storey/Apt
- Property subtype: Condo/Apt Unit, Residential, Condominium
- Attached to another structure: Yes
Materials
- Brick
- Roof: Other
Condition
- 16-30 Years
- New construction: No
- Year built: 2009
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: Elevator(s), Other
- Services included: Insurance, Central Air Conditioning, Common Elements, Heat, Snow Removal, Water
- HOA fee: C$790 monthly
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: C$458/sqft
- Annual tax amount: C$3,809
- Date on market: 12/3/2025
- Inclusions: Dishwasher, Furniture, Range Hood, Refrigerator, Stove, Fridge, Stove, Hood Fan, B/I Dishwasher
- Exclusions: Tenants Belongings
Poonam Taggar, Salesperson
(647) 668-2233
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Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Listed for sale | C$530,000C$458/sqft |
Source:  TRREB #X12596864 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: N2L
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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