101 - 253 Lester Street, Waterloo
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:1945)
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Property details for 101 - 253 Lester Street, Waterloo
- Type
- Apartment
- Bedrooms
- 5
- Bathrooms
- 2
- Basement
- None
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Brick
- Ownership
- Condo/Strata
- Annual Taxes
- $3,950
- Condo Fee
- $802 / Monthly
Nearby Listings Stat
Estimated price and comparable properties near 101 - 253 Lester Street
Active Listings
25
Min Price
$349,000
Max Price
$859,000
Avg Price
$602,764
Days on Market
63
days
Sold Listings
7
Min Sold Price
$549,900
Max Sold Price
$999,880
Avg Sold Price
$766,097
Days until Sold
81
days
Price History
Listed
July 17, 2026
by ROYAL LEPAGE SIGNATURE REALTY
Current Price
$509,000
-4% from last change
Type
Apartment
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $509,000 | $21,000 (-4%) |
| Jul 17, 2026 | $530,000 | Listed |
