Maintenance fees
$790.49
Locker
None
Exposure
NW
Possession
Flexible
Price per sqft
$475 - $569
Taxes
$3,538 (2024)
Outdoor space
-
Age of building
16-30 years old
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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.
Broker: ROYAL LEPAGE SIGNATURE REALTY
MLS®#: X12251603
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:
Jun 28, 2025
Show all details
Rooms
| Name | Size | Features |
|---|---|---|
Kitchen | 12.0 x 11.0 ft | |
Bedroom 5 | 12.0 x 8.0 ft | |
Bathroom | 6.0 x 4.0 ft |
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Instant estimate:
orto view instant estimate
$26,444
lower than listed pricei
High
$572,476
Mid
$542,556
Low
$526,468
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Included in Maintenance Fees
Heat
Water
Create an account
1/11
$575,000
114 days
4BD
2BA
1 Parking
1,000-1,199 sqft
Maint. Fee $539
MLS#: X12051926
ROYAL LEPAGE TRILAND REALTY
1/24
$599,000
46 days
4BD
2BA
1 Parking
1,000-1,199 sqft
Maint. Fee $518
MLS#: X12204818
HOMELIFE/MIRACLE REALTY LTD
1/40
$529,900
13 days
2BD
2BA
1 Parking
1,000-1,199 sqft
Maint. Fee $831
MLS#: X12274874
RE/MAX Solid Gold Realty (II) Ltd