$569,000
Available - For Sale
Listing ID: X12251603
253 Lester Stre , Waterloo, N2L 3W6, Waterloo
| 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. |
| Price | $569,000 |
| Taxes: | $3538.00 |
| Occupancy: | Tenant |
| Address: | 253 Lester Stre , Waterloo, N2L 3W6, Waterloo |
| Postal Code: | N2L 3W6 |
| Province/State: | Waterloo |
| Directions/Cross Streets: | University Ave W/Lester St |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 13.97 | 8.99 | |
| Room 2 | Main | Dining Ro | 13.97 | 8.99 | |
| Room 3 | Main | Kitchen | 11.97 | 10.99 | |
| Room 4 | Main | Bedroom | 12.99 | 7.97 | |
| Room 5 | Main | Bedroom 2 | 10.99 | 7.97 | |
| Room 6 | Main | Bedroom 3 | 9.97 | 8.99 | |
| Room 7 | Main | Bedroom 4 | 10.99 | 7.97 | |
| Room 8 | Main | Bedroom 5 | 11.97 | 7.97 | |
| Room 9 | Main | Bathroom | 5.97 | 3.97 | |
| Room 10 | Main | Bathroom | 3.97 | 3.97 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Flat |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 16-30 |
| Washrooms: | 2 |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
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| ROYAL LEPAGE SIGNATURE REALTY |
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Nikki Shahebrahim
Broker
Dir:
647-830-7200
Bus:
905-597-0800
Fax:
905-597-0868
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Condo Apartment |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Neighbourhood: | Dufferin Grove |
| Style: | Apartment |
| Approximate Age: | 16-30 |
| Tax: | $3,538 |
| Maintenance Fee: | $790.49 |
| Beds: | 5 |
| Baths: | 2 |
| Fireplace: | N |
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