101 - 253 LESTER STREET - Main photo, Waterloo, Ontario

101 - 253 LESTER STREET - Photo 2 of 34, Waterloo, Ontario

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101 - 253 LESTER STREET - Photo 1 of 34, Waterloo, Ontario

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$530,000

101 - 253 LESTER STREET — Waterloo, Ontario

N2L3W6

5Beds

2Baths

About This Property

Room #1 - Vacant, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. 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:63357)

Property Details

Property Type: Condo
Bedrooms: 5
Bathrooms: 2
Status: Active

Location & Neighborhood

What's nearby 101 - 253 LESTER STREET

Nearby Schools

Waterloo Collegiate Institute
public
0.7 km

Parks & Recreation

Unnamed
park
0.4 km
WLU Quad
park
0.5 km
Veterans' Green
park
0.6 km

Transit Access

University of Waterloo Terminal
Bus Stop
0.3 km
University of Waterloo Station
Bus Stop
0.4 km
Phillip / Columbia
Bus Stop
0.5 km
Columbia / Lester
Bus Stop
0.5 km
Laurier - Waterloo Park Station
Bus Stop
0.5 km

Local Amenities

Dining

Chinese Lamian0.2 km
Foodie Fruitie0.2 km

Coffee & Cafes

CoCo Fresh Tea & Juice0.2 km
Now Tea0.2 km

POI data updated recently

Last updated: Jan 9, 2026

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$530,000