For Sale

253 Lester Street Unit# #104, Waterloo, Ontario N2L 3W6

$569,900

253 Lester Street Unit# #104, Waterloo, Ontario N2L 3W6 is For Sale and has a listing price of 569,900. The property is located in the Waterloo . It's been on the website for 10 Days.

  • 5
    Bedrooms
  • 2
    Bathrooms
  • Parking
  • MLS ID: X12715914
  • Office Name CITYSCAPE REAL ESTATE LTD.
Property Description

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 University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted, generating $3,800/month in rental income which totals a yearly income of $45,600. Tenancies are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. The building has recently added a brand-new onsite laundry facility, enhancing convenience for the tenants. A rare chance to step into a worry-free, income-producing property. Please see inclusions for furniture included.

Property Details
  • Bedrooms: 5
  • MLS ID: X12715914
  • Bathrooms: 2
  • Price: $569,900
  • Transaction Types: For Sale
  • Ref ID: X12715914
  • Year Built: N/A
  • Approx Sqft: 1000-1199
  • Dir / Cross St: University/Lester
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 11-15
  • Property Type: Condo
  • Property Sub Category: Condo
Price History
List Date MLS ID List Price Status End Date Closed Price
01/21/2026 X12715914 $569,900 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Waterloo
  • $800,723 Average List Price
    based on 1 year
  • 218 New Listings
    based on 30 days
  • 56 Median Days on Market
    based on 1 year
  • List vs. Selling Price 117.61 % Up
  • Sold (12mo) 652
  • Rented (12mo) 251

  • 1 Month Change +4.5%
  • 3 Month Change +3.3%
  • 6 Month Change -37.3%
Walkscore
Property Type Distribution
  • All Houses
    44.64%
  • Commercial
    6.43%
  • Condo
    48.83%
  • Land for Sale
    0.09%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Apartment
  • Washroom Type1: 1
  • Heating System Y
  • Garage Type Y
  • Parking Spaces: N/A
  • Exterior Brick
  • Kitchen Y
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 3
  • Washrooms Type 2: 1
  • Taxes: $3,932
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: 30 - 90 days
  • Listing Entry Date: 21/01/2026 08:10:10
  • Laundry Access: In Building
  • Condo Registry Office: WSCC
  • Locker: None
  • Property Mgmt Co: Rentcorp Property Management Inc.
  • Condo Corp#: 641
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