$569,900
FOR SALE

Condo Apartment

Bedrooms: 5Bathrooms: 2
2025 Taxes: $3,932Maintenance Fees: $802

253 Lester St #104
Waterloo, ON N2L 3W6

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.
Extras
Other
Share
Listed By CITYSCAPE REAL ESTATE LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13031346
Last Updated Apr 22, 2026
Property Summary
Property Type Condo Apartment

More like this:
PIN 236410067
Possession Date 30 - 90 days
Taxes (2025) $3,932
Maintenance Fees $802
Directions/Cross Streets University/Lester
Area Waterloo
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Special Designations Unknown
Bedrooms 5
Bathrooms 2
Rooms 8
Exterior Brick
Elevator Y
Air Conditioning Central Air
Garage Type None
Heat Source Gas
Heat Type Forced Air

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)