253 Lester Street #101 new Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2L 3W6
Key Details
Property Type Condo
Sub Type Condo/Apt Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,158 sqft
Price per Sqft $491
MLS Listing ID 40746169
Style 1 Storey/Apt
Bedrooms 5
Full Baths 2
HOA Fees $790/mo
HOA Y/N Yes
Abv Grd Liv Area 1,158
Year Built 2009
Annual Tax Amount $3,538
Property Sub-Type Condo/Apt Unit
Source Mississauga
Property Description
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.
Location
Province ON
County Waterloo
Area 4 - Waterloo West
Zoning GR
Direction University/Lester
Rooms
Main Level Bedrooms 5
Kitchen 1
Interior
Interior Features Elevator
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher,Range Hood,Refrigerator,Stove
Laundry Coin Operated
Exterior
Roof Type Other
Garage No
Building
Lot Description Urban,Ample Parking,Public Transit,Schools,Other
Faces University/Lester
Sewer Sewer (Municipal)
Water Municipal
Architectural Style 1 Storey/Apt
Structure Type Brick
New Construction No
Others
HOA Fee Include Insurance,Central Air Conditioning,Common Elements,Heat,Snow Removal,Water
Senior Community No
Tax ID 236410064
Ownership Condominium