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MLS® X13575452
Waterloo, ON
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.
Inclusions
Fridge, Stove, Hood Fan, B/I Dishwasher. All Elfs & Window Coverings
Exclusions
Tenants Belongings
Broker
ROYAL LEPAGE SIGNATURE REALTY
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Condo Apartment
253 Lester Street #101 Waterloo
Waterloo
Built
16-30
Type
Condo Apartment
Basement
None
Parking
None (0)
Property Tax
~$3,950/yr
Heating
Forced Air
Laundry
Coin Operated, In Building
Buying Essentials
Maintenance Fee
$802/mo
Fee Includes
Heat · Water · CAC · Common Elements · Building Insurance
Square Feet
1100 sqft
Parking
None (0)
Locker
Ensuite+Common
Finances
List Price
$509,000
Price per SQFT
$463/sqft
Property Tax
~$3,950/yr
Property Specs
Property Type
Condo Apartment
MLS Size
1100 sqft
Age of Building
16-30
Exposure
North West
Outdoor Space
None
Basement
None
Living & Amenities
Laundry
Coin Operated, In Building
Heating Type
Forced Air
Features
Other
Policies & Utilities
Pets Allowed
Yes-with Restrictions
Neighbourhood
Waterloo
Corp #
WSCC 641
Property Manager
CIE Property Management
Listed On
Jul 17, 2026
Days on Market
Current: 113 days
14.0 x 9.0
126 sqft
14.0 x 9.0
126 sqft
12.0 x 11.0
132 sqft
13.0 x 8.0
104 sqft
11.0 x 8.0
88 sqft
10.0 x 9.0
90 sqft
11.0 x 8.0
88 sqft
12.0 x 8.0
95 sqft
6.0 x 4.0
24 sqft
4.0 x 4.0
16 sqft
Rooms
10
Listed Room Area
889 sqft
Source
Estimated from MLS room dimensions
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