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$569,900

#104 - 253 LESTER STREET — Waterloo, Ontario

N2L3W6

5Beds

2Baths

About This Property

Opportunity Knocks! Freshly painted and impeccably maintained, this ground-floor CORNER unit offers a truly hands-off investment in a high-demand area. Centrally located along the university hub - walking distance to both University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted, generating $3,800/month in rental income which totals a yearly income of $45,600. Tenancies are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. The building has recently added a brand-new onsite laundry facility, enhancing convenience for the tenants. A rare chance to step into a worry-free, income-producing property. Please see inclusions for furniture included. (id:63357)

Property Location

Map

Property Details

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

Location & Neighborhood

What's nearby #104 - 253 LESTER STREET

Nearby Schools

Wilfrid Laurier Universty - Northdale Campus
post_secondary
0.6 km
Wilfrid Laurier University
post_secondary
0.7 km
Waterloo Collegiate Institute
secondary
0.7 km

Parks & Recreation

WLU Quad
park
0.5 km
Veterans' Green
park
0.6 km
Science Quad
park
0.7 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

Grocery

Waterloo Central Supermarket86m

Dining

Chinese Lamian0.2 km
Foodie Fruitie0.2 km

Coffee & Cafes

CoCo Fresh Tea & Juice0.2 km

POI data updated 4/22/2026

Waterloo Market Snapshot

673

Active Listings

$581K

Median Price

Avg Days on Market

Last updated: Apr 22, 2026

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$569,900