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About the Listing MI39 - MI4512
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.
Listing Highlights for 253 Lester St Unit 101
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances: Dishwasher, Range Hood, Refrigerator, Stove
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1158
- Below Ground Sq Ft: n/a
- Basement:
- Other: Elevator
- Water: Municipal
Exterior Details
- Lot Description: Urban,Ample Parking,Public Transit,Schools
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: GR
- Roof: Other
- Others:
- Sewer: Sewer (Municipal)
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 236410064
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Listing Location
Questions About..
253 Lester St Unit 101 Waterloo, ON N2L 3W6
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