For Sale
253 Lester Street #104 ##104
Waterloo, ON
$569,900
5Bd
2Ba
1,100+sqft
0Parking
$518/sqft
CondoMLS# X13031346Listed 2026-04-2223 DOM
Cooling
Central Air
About this home
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.
Rooms
Other
| Living Room | 0.00 × 0.00 m | Ceramic Floor Window Combined w/Kitchen |
| Dining Room | 0.00 × 0.00 m | Ceramic Floor Window Combined w/Living |
| Kitchen | 0.00 × 0.00 m | Ceramic Floor Open Concept Combined w/Living |
| Bedroom | 0.00 × 0.00 m | Closet Window Broadloom |
| Bedroom 2 | 0.00 × 0.00 m | Closet Window Broadloom |
| Bedroom 3 | 0.00 × 0.00 m | Closet Window Broadloom |
| Bedroom 4 | 0.00 × 0.00 m | Closet Window Broadloom |
| Bedroom 5 | 0.00 × 0.00 m | Closet Window Broadloom |
Features
- Other
- None
- Central Air
- Apartment
Financials
Annual Taxes
$3,932
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 market23 days
Buyer's MarketSeller's Market
Based on active listings in Waterloo. Data updates daily.
Our estimate for this home
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.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
71
/ 100
Walk Score
Very Walkable
56
/ 100
Transit Score
Good Transit
52
/ 100
Bike Score
Bikeable
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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