253 Lester Street 101 #101
On the market for 197 days — longer than average. The seller may be open to negotiation.
About this home
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.
Rooms
| Living Room | 4.26 × 2.74 m | |
| Dining Room | 4.26 × 2.74 m | |
| Kitchen | 3.65 × 3.35 m | |
| Bedroom | 3.96 × 2.43 m | |
| Bedroom 2 | 3.35 × 2.43 m | |
| Bedroom 3 | 3.04 × 2.74 m | |
| Bedroom 4 | 3.35 × 2.43 m | |
| Bedroom 5 | 3.65 × 2.43 m | |
| Bathroom | 1.82 × 1.21 m | |
| Bathroom | 1.21 × 1.21 m |
Features
- Other
- None
- Central Air
- Apartment
Financials
Estimated Rental Income
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Waterloo
Based on active listings in Waterloo. Data updates daily.
Our estimate for this home
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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