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For Sale

253 Lester Street 402 #402

Waterloo, ON
$569,900
5Bd
2Ba
1,100+sqft
0Parking
$518/sqft
CondoMLS# X12799360Listed 2026-02-1886 DOM
Cooling
Central Air

On the market for 86 days — longer than average. The seller may be open to negotiation.

About this home

Exceptional investment opportunity! Ideally located just minutes from the University of Waterloo and Wilfrid Laurier University making it a valuable addition to any investor's portfolio! Featuring five spacious bedrooms and two full bathrooms this home offers a thoughtfully designed layout with a large common area complete with an L-shaped kitchen and a bright open living room - perfect to relax and gather! Condo feesinclude heat and water. The building features parking, shared laundry facilities, elevator access and close proximity to transit, shopping, allamenities and much more! Potential to generate over $50,000 per year with current rents!

Rooms

Main Floor
Living Room4.55 × 2.82 m
Kitchen3.94 × 3.48 m
Bedroom4.22 × 2.54 m
Bedroom 23.53 × 2.67 m
Bedroom 33.23 × 3.00 m
Bedroom 43.56 × 2.72 m
Bedroom 53.84 × 2.57 m
Bathroom0.00 × 0.00 m
Bathroom0.00 × 0.00 m

Features

  • None
  • Central Air
  • 1 Storey/Apt

Financials

Annual Taxes
$3,538

Estimated Rental Income

Entire property$3,200 – $4,200/mo
Rental yield6.7% – 8.8%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Waterloo

Days on market86 days
Buyer's MarketSeller's Market

Based on active listings in Waterloo. Data updates daily.

Our estimate for this home

Priced 8.4% above estimate
Estimated range
$486K$565K
Mid-point $526K · ~$478/sqft
How this listing compares
$486KList · $570K$565K
Medium confidence·Based on 22 waterloo comparables

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.

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.

$569,900
253 Lester Street 402, Waterloo
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