For Sale

$569,000

253 Lester Street, 101, Waterloo, ON N2L 3W6

Apartment 5 Beds 2+0 Baths

Remarks

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.

Inclusions:

Dishwasher,Furniture,Range Hood,Refrigerator,Stove,Fridge, Stove, Hood Fan, B/I Dishwasher

Exclusions:

Tenants Belongings

Property Summary

  • Building Style: Apartment
  • Floor Space (approx): 1158 Square Feet
  • Built in: 2009
  • Bedrooms: 5
  • Bathrooms (Total): 2+0
  • Zoning: GR

Property Features:

  • Architectural Style:
    1 Storey/Apt
  • Association Amenities:
    Elevator(s) , Other
  • Construction Materials:
    Brick
  • Cooling:
    Central Air
  • Heating:
    Forced Air , Natural Gas
  • Interior Features:
    Elevator
  • Acres Range:
    < 0.5
  • Driveway Parking:
    None
  • Laundry Features:
    Coin Operated
  • Lot Features:
    Urban , Ample Parking , Public Transit , Schools , Other
  • Road Frontage Type:
    Public Road
  • Roof:
    Other
  • Sewer:
    Sewer (Municipal)
  • Water Source:
    Municipal

Rooms

  • Bedroom:
    Level: Main Level 4.22 X 2.54
  • Kitchen:
    Level: Main Level 3.94 X 3.48
  • Dining:
    Level: Main Level 4.55 X 2.87
  • Living:
    Level: Main Level 4.55 X 2.82
  • Bathroom:
    Level: Main Level
  • Bedroom:
    Level: Main Level 3.23 X 3.00
  • Bedroom:
    Level: Main Level 3.56 X 2.72
  • Bathroom:
    Level: Main Level
  • Bedroom:
    Level: Main Level 3.84 X 2.57
  • Bedroom:
    Level: Main Level 3.53 X 2.67
Lifestyle
Neighbourhood Info
Linda Karageorgos

Linda Karageorgos

Sales Representative

Phone:  416.443.0300

Fax:  416.443.8619

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Royal LePage Signature Realty, Brokerage (Independently owned and operated)

201 - 8 SAMPSON MEWS
Toronto,  ON M3C0H5

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