Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. 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.
Property Type:
Residential
Property SubType:
Condo/Apt Unit
Listing General Location:
417 - Beechwood/University, 4 - Waterloo West
Bedrooms:
5
Bathrooms:
2.0
(Full:2/Half:0)
Frontage Type:
East
Kitchens:
1
Home Style:
1 Storey/Apt
County Or Parish:
Waterloo
Property Attached:
Attached
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Data was last updated May 30, 2026 at 01:50 PM (UTC)
Area Statistics
Listings on market:
61
Avg list price:
$468,000
Min list price:
$290,000
Max list price:
$1,795,000
Avg days on market:
40
Min days on market:
1
Max days on market:
261
Avg price per sq.ft.:
$498.57
These statistics are generated based on the current listing's property type
and located in
417 - Beechwood/University. Average values are
derived using median calculations. This data is not produced by
the MLS® system.