253 Lester Street 101, Waterloo, ON N2L 3W6 – Waterloo – $569,000
Description
Description
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.
Property Details
- Bedrooms: 5
- Property Type: Residential Condo & Other
- List Price: $569,000
- Tax Year: 2024
- Annual Taxes: $3,538
Address
Open on Google Maps- Address 253 Lester Street 101, Waterloo, ON N2L 3W6
- City Waterloo
- State/county ON
- Zip/Postal Code N2L 3W6
Details
Updated on September 18, 2025 at 6:23 pm- Price: $569,000
- Bedrooms: 5
- Garage: 0
- Property Type: Residential
- Property Status: For Sale
Additional details
- Property Type: Residential Condo & Other
- Tax Year: 2024
- Annual Taxes: $3,538
Features
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
