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.
Property Type:
Residential
Property SubType:
Condo/Apt Unit
Year built:
2009
(Age: 17)
Listing General Location:
417 - Beechwood/University, 4 - Waterloo West
Bedrooms:
5
Bathrooms:
2.0
(Full:2/Half:0)
Frontage Type:
West
Kitchens:
1
Home Style:
1 Storey/Apt
County Or Parish:
Waterloo
Property Attached:
Attached
Features:
Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Data was last updated June 24, 2026 at 09:50 PM (UTC)
Area Statistics
Listings on market:
64
Avg list price:
$449,400
Min list price:
$229,900
Max list price:
$2,425,000
Avg days on market:
39
Min days on market:
1
Max days on market:
286
Avg price per sq.ft.:
$479.86
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.