253 Lester ST #101, Waterloo, ON N2L 3W6
253 Lester ST #101, Waterloo, ON N2L 3W6
253 Lester ST #101, Waterloo, ON N2L 3W6
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$530,000
Est. payment /mo
5 Beds
2 Baths
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UPDATED:

Key Details

Property Type Apartment

Sub Type Condo Apartment

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1000-1199

MLS Listing ID X12596864

Style Apartment

Bedrooms 5

Maintenance Fees $790

HOA Fees $790

Annual Tax Amount $3,809

Tax Year 2025

Property Sub-Type Condo Apartment

Property Description

Room #1 - Vacant, #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.

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room Yes

Basement None

Kitchen 1

Interior

Interior Features Other

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features Underground

Exposure North West

Balcony None

Building

Building Age 16-30

Story 2

Locker None

Others

Pets Allowed Yes-with Restrictions

ParcelsYN No

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Listed by ROYAL LEPAGE SIGNATURE REALTY

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Paul Shantz
Paul Shantz

Agent | License ID: 6008661

+1(519) 829-8656

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253 Lester ST #101

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