For Sale: #104-253 Lester Street, Waterloo, ON - REW
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$539,900
5 bd • 2 ba • 1000 - 1199 sf • Apt/Condo
#104-253 Lester Street
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$539,900
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#104 - 253 Lester StreetWaterloo, ON, N2L 3W6

  • 5 Bed
  • 2 Bath
  • 1000 - 1199 Sqft
  • Apt/Condo

About this home

Opportunity Knocks! Freshly painted and impeccably maintained, this ground-floor CORNER unit offers a truly hands-off investment in a high-demand area. Centrally located along the university hub-walking distance to both the University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted. Three rooms are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. Two additional rooms have leases ending August 2026, offering the potential for new tenants at rates of up to $900 per room. The property currently generates $3,800/month in rental income, totaling $45,600 annually. The building has recently added a brand-new onsite laundry facility, enhancing convenience for tenants and boosting overall appeal .A rare chance to step into a worry-free, income-producing property in one of Waterloo's most sought-after student rental locations. Please see inclusions for furniture included.
Listed by: Paulette Lawrence, Salesperson, CITYSCAPE REAL ESTATE LTD.

Home facts and features

Price details
List Price
$539,900
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Gross Taxes for 2025
$3,932
Strata Maintenance Fees
$802
Home facts
Bedrooms
5
Full Bathrooms
2
Property Type
Apt/Condo
Year Built
11 - 15 yrs old
Exterior Finish
Brick
Heating Type
Forced Air, Gas
Cooling
Central Air
Features
In Building, Public Transit, School
Amenities
Building Insurance Included, CAC Included, Common Elements Included
Agent details
Primary Agent
Primary Broker
CITYSCAPE REAL ESTATE LTD.
Listing details
Days on REW
46 Days
Property Views
15
MLS® Number
X13031346
Source
Toronto Real Estate Board
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25 Years
Interest Rate
3.99%

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Property Insights

Waterloo Collegiate Institute
  • Public
  • 9 - 12
MacGregor Public School
  • Public
  • 6 - 8
St David Catholic Secondary School
  • Catholic
  • 9 - 12
Winston Churchill Public School
  • Public
  • JK - 6
Our Lady of Lourdes Catholic Elementary School
  • Catholic
  • JK - 8
Keatsway Public School
  • Public
  • JK - 6
Cedarbrae Public School
  • Public
  • JK - 6
Centennial (Waterloo) Public School
  • Public
  • 7 - 8
Empire Public School
  • Public
  • JK - 6
Elizabeth Ziegler Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Paulette Lawrence
Phone:
647-886-9029
Office:
905-241-2222
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.