Maintenance fees
$802.00
Locker
-
Exposure
NW
Possession
Flexible
Price per sqft
$425 - $509
Taxes
$3,950 (2026)
Outdoor space
-
Age of building
16-30 years old
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Description
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®#: X13575452
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:
Jul 17, 2026
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Instant estimate:
orto view instant estimate
$24,231
lower than listed pricei
High
$511,502
Mid
$484,769
Low
$470,395
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Included in Maintenance Fees
Heat
Water
1/11
$522,000
69 days
3BD
2BA
0 Parking
1,000-1,199 sqft
Maint. Fee $639
MLS#: X13101904
RIGHT AT HOME REALTY
1/39
$549,990
45 days
3BD
3BA
1 Parking
1,000-1,199 sqft
Maint. Fee $781
MLS#: X13226934
CENTURY 21 ATRIA REALTY INC.
1/17
$499,999
27 days
3BD
2BA
2 Parking
1,000-1,199 sqft
Maint. Fee $793
MLS#: X13470358
THE CANADIAN HOME REALTY INC.
1/13
$499,000
14 days
4BD
2BA
1 Parking
1,000-1,199 sqft
Maint. Fee $594
MLS#: X13516818
AIMHOME REALTY INC.