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101 - 253 Lester Street Waterloo, Ontario N2L 3W6

5 Bedroom 2 Bathroom 1000 - 1199 sqft
Central Air Conditioning Forced Air

$569,000

Maintenance, Heat, Water, Common Area Maintenance, Insurance

$790.49 Monthly

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. (id:35544)

Property Details

MLS® Number X12251603
Property Type Single Family
CommunityFeatures Pet Restrictions
Features Laundry- Coin Operated

Building

BathroomTotal 2
BedroomsAboveGround 5
BedroomsTotal 5
Age 16 To 30 Years
Appliances Dishwasher, Hood Fan, Stove, Window Coverings, Refrigerator
CoolingType Central Air Conditioning
ExteriorFinish Brick
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 1000 - 1199 Sqft
Type Apartment

Parking

No Garage

Land

Acreage No

Rooms

Level Type Dimensions
Main Level Living Room 4.26 m x 2.74 m
Main Level Dining Room 4.26 m x 2.74 m
Main Level Kitchen 3.65 m x 3.35 m
Main Level Bedroom 3.96 m x 2.43 m
Main Level Bedroom 2 3.35 m x 2.43 m
Main Level Bedroom 3 3.04 m x 2.74 m
Main Level Bedroom 4 3.35 m x 2.43 m
Main Level Bedroom 5 3.65 m x 2.43 m
Main Level Bathroom 1.82 m x 1.21 m
Main Level Bathroom 1.21 m x 1.21 m
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