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Waterloo, ON N2L 3W6,253 Lester Street #101
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Waterloo, ON N2L 3W6,253 Lester Street #101
Waterloo, ON N2L 3W6,253 Lester Street #101
Waterloo, ON N2L 3W6,253 Lester Street #101
Waterloo, ON N2L 3W6,253 Lester Street #101
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Christopher Marinakos

Christopher Marinakos

+1(705) 305-9946
Listed by Poonam Taggar • ROYAL LEPAGE SIGNATURE REALTY
$ 569,000
Est. payment /mo
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253 Lester Street #101 Waterloo, ON N2L 3W6

5 Beds

2 Baths

1,158 SqFt

UPDATED:

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

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Christopher Marinakos

Agent

+1(705) 305-9946

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253 Lester Street #101