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101 - 253 LESTER STREET, Waterloo, Ontario

$569,000

5 Beds
2 Baths

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. (id:23309)

Listing ID: X12251603
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Living room	Main level	4.26 m x 2.74 m
Dining room	Main level	4.26 m x 2.74 m
Kitchen	Main level	3.65 m x 3.35 m
Bedroom	Main level	3.96 m x 2.43 m
Bedroom 2	Main level	3.35 m x 2.43 m
Bedroom 3	Main level	3.04 m x 2.74 m
Bedroom 4	Main level	3.35 m x 2.43 m
Bedroom 5	Main level	3.65 m x 2.43 m
Bathroom	Main level	1.82 m x 1.21 m
Bathroom	Main level	1.21 m x 1.21 m

Details

Community Features: Pet Restrictions
Features: Laundry- Coin operated
Maintenance Fee: 790.49
Maintenance Fee Type: Heat, Water, Common Area Maintenance, Insurance
Maintenance Fee Payment Unit: Monthly
Management Company: CIE Property Management
Ownership: Condominium/Strata
Transaction: For sale

Building

Appliances: Dishwasher, Hood Fan, Stove, Window Coverings, Refrigerator
Bedrooms Main Level: 5
Cooling: Central air conditioning
Exterior Finish: Brick
Fireplace Present: False
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1000 - 1199 sqft
Type: Apartment

Land

Listing provided by ROYAL LEPAGE SIGNATURE REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 101 - 253 LESTER STREET in Waterloo Ontario. It was last modified on June 28th, 2025. Contact Brad Sauve to schedule a viewing or to discover other Waterloo properties for sale.

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