Ideally located just steps from Wilfrid Laurier University and the University of Waterloo, this purpose-built 5 bedroom, 2 bathroom condo at 253 Lester St is a low-maintenance addition to any investor’s portfolio! With the potential to generate over $50,000 per year in gross rental income, this property offers strong cash flow and consistent year-round tenancy! The thoughtfully designed layout features a spacious open concept living area with an updated kitchen and a bright, welcoming common room - perfect for student living! Condo fees include heat, water and air conditioning, the building features parking, shared laundry facilities, elevator access and an unbeatable proximity to transit, shopping, restaurants and all major amenities! The unit also offers professional property management for a completely hands-off experience! A rare opportunity to own a turnkey investment in one of Waterloo’s most sought-after rental locations!
For sale
C$569,900
253 Lester St #402, Waterloo, ON N2L 3W6
5beds
1,158sqft
Condo/Apt Unit, Residential, Condominium
Built in 2009
-- sqft lot
$-- Zestimate®
C$492/sqft
C$790/mo HOA
What's special
Updated kitchenBright welcoming common room
- 138 days |
- 5 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 12:36pm
Listed by:
Matthew Pitcher, Salesperson,
KELLER WILLIAMS INNOVATION REALTY,
Andre Chin, Broker,
KELLER WILLIAMS INNOVATION REALTY
Source: ITSO,MLS®#: 40754136Originating 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
Kitchen
- Level: Main
Other
- Level: Main
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Range Hood, Refrigerator, Stove
- Laundry: Coin Operated
Features
- None
- 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: East
- Frontage length: 135.14
Lot
- Size: 0.84 Acres
- Dimensions: 135.14 x 271.03
- Features: Urban, Rectangular, Park, Place of Worship, Public Transit, Rec./Community Centre, Shopping Nearby
Details
- Additional structures: None
- Parcel number: 236410095
- 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
- Foundation: Concrete Perimeter
- Roof: Flat
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)
- 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$492/sqft
- Annual tax amount: C$3,538
- Date on market: 7/28/2025
- Inclusions: Range Hood, Refrigerator, Stove
Matthew Pitcher, Salesperson
(519) 570-4447
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Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2025 | Listed for sale | C$569,900C$492/sqft |
Source:  TRREB #X12310970 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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