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$569,000
Status: For Sale
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.
| Property Type | :Residential |
|---|---|
| MLS Number | :40746169 |
| Listing Type | :Sale |
| Property Age | :16-30 Years |
| Possession Date | : |
| Last Updated | :08 Jul, 2025 (149 Days ago) |
| Source | :Mississauga |
| Area | :Waterloo |
|---|---|
| City | :Waterloo |
| Area Major | :4 - Waterloo West |
| Area Minor | :417 - Beechwood/University |
| Postal Code | :
N2L 3W6
|
| Directions | :University/Lester |
| Other |
| Elevator(s) |
| Price | : $569,000 |
|---|---|
| Property Taxes | :$3538 |
| Maintenance Fees | :$790.49/month |
|---|---|
| Tax Year | :2024 |
| Bedrooms | :5 + |
|---|---|
| No. of Rooms | :10 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Bathrooms | :2 |
|---|---|
| Approx Square Footage | :1158 sqft |
| Bedroom | :4.22 m x 2.54 m |
|---|---|
| Dining Room | :4.55 m x 2.87 m |
| Bedroom | :3.23 m x 3.00 m |
| Bedroom | :3.84 m x 2.57 m |
| Kitchen | :3.94 m x 3.48 m |
|---|---|
| Living Room | :4.55 m x 2.82 m |
| Bedroom | :3.56 m x 2.72 m |
| Bedroom | :3.53 m x 2.67 m |
| Pets | :Restricted |
|---|
| Garage | :0 |
|---|
08 Jul, 2025
TREB #40746169
Property update
$569000
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