For sale 50$439,900
1+1 bed1 bath500–599 sq ft
145 Columbia Street #601
Waterloo
20 days agoMLS® X13820250
HOMELIFE SILVERCITY REALTY INC.
$509,000
253 Lester Street #101
Waterloo, Ontario N2L3W6
For sale· Added
5 bed2 bath1,000–1,199 sqft
About this home
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.
Location
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Property details
Listing
- MLS® number
- X13575452
- Added
- Jul 17, 2026 ()
- Updated
- Jul 17, 2026 ()
- Info refreshed
Overview
- Property type
- Single Family
- Building type
- Apartment
- Ownership
- Condo
Inside
- Bedrooms
- 5
- Bathrooms
- 2
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Fireplace
- No
- Appliances
- Refrigerator, Dishwasher, Stove, Hood Fan, Window Coverings
- Features
- Laundry- Coin operated
Building
- Basement
- None
- Exterior
- Brick
- Parking
- No Garage
- Amenities
- Storage - Locker
- Management
- CIE Property Management
Location
- Cross streets
- University Ave W/Lester St
- Nearby
- Pets Allowed With Restrictions
Running costs
- Annual property tax
- $3,950
- Condo fee
- $802 Monthly
- Includes Common Area Maintenance, Heat, Water, Insurance
Rooms
| Living room | Main level | 4.26 x 2.74 m |
| Dining room | Main level | 4.26 x 2.74 m |
| Kitchen | Main level | 3.65 x 3.35 m |
| Bedroom | Main level | 3.96 x 2.43 m |
| Bedroom 2 | Main level | 3.35 x 2.43 m |
| Bedroom 3 | Main level | 3.04 x 2.74 m |
| Bedroom 4 | Main level | 3.35 x 2.43 m |
| Bedroom 5 | Main level | 3.65 x 2.43 m |
| Bathroom | Main level | 1.82 x 1.21 m |
| Bathroom | Main level | 1.21 x 1.21 m |
$509,000
253 Lester Street
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