Maintenance fees
$790.49
Locker
-
Exposure
-
Possession
-
Price per sqft
$458
Taxes
$3,809 (2025)
Outdoor space
-
Age of building
16 years old
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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®#: 40791792
Property details
Neighbourhood:
Parking:
-
Parking type:
-
Property type:
Condo Apt
Heating type:
Forced Air
Style:
1 Storey/Apt
Ensuite laundry:
-
MLS Size:
1158 sqft
Listed on:
Dec 3, 2025
Show all details
Rooms
| Name | Size | Features |
|---|---|---|
Living Room | 4.55 x 2.82 ft | |
Dining Room | 4.55 x 2.87 ft | |
Kitchen | 3.94 x 3.48 ft |
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Elevator
Included in Maintenance Fees
Heat
Water
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1/37
$539,000
61 days
2BD
2BA
1 Parking
1,000-1,199 sqft
Maint. Fee $935
MLS#: X12442489
RE/MAX CENTRE CITY REALTY INC.
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