Maintenance fees
$790.49
Locker
None
Exposure
NW
Possession
Flexible
Price per sqft
$442 - $530
Taxes
$3,809 (2025)
Outdoor space
-
Age of building
16-30 years old
See what's nearby
Description
Room #1 - vacating end of December, #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.
Broker: ROYAL LEPAGE SIGNATURE REALTY
MLS®#: X12596864
Property details
Neighbourhood:
Parking:
No
Parking type:
Underground
Property type:
Condo Apt
Heating type:
Forced Air
Style:
Apartment
Ensuite laundry:
No
MLS Size:
1000-1199 sqft
Listed on:
Dec 3, 2025
Show all details
Rooms
| Name | Size | Features |
|---|---|---|
Bedroom | 13.0 x 8.0 ft | |
Bedroom 3 | 10.0 x 9.0 ft | |
Living Room | 14.0 x 9.0 ft |
Show all
Instant estimate:
orto view instant estimate
$26,572
lower than listed pricei
High
$531,190
Mid
$503,428
Low
$488,501
Have a home? See what it's worth with an instant estimate
Use our AI-assisted tool to get an instant estimate of your home's value, up-to-date neighbourhood sales data, and tips on how to sell for more.
Included in Maintenance Fees
Heat
Water
1/14
$569,900
135 days
5BD
2BA
0 Parking
1,000-1,199 sqft
Maint. Fee $790
MLS#: X12310970
KELLER WILLIAMS INNOVATION REALTY
1/37
$539,000
68 days
2BD
2BA
1 Parking
1,000-1,199 sqft
Maint. Fee $935
MLS#: X12442489
RE/MAX CENTRE CITY REALTY INC.
1/44
$549,900
104 days
2BD
2BA
1 Parking
1,000-1,199 sqft
Maint. Fee $1,070
MLS#: X12368947
SHAW REALTY GROUP INC.
Create an account