#104 - 253 LESTER STREET Waterloo
  • #104 - 253 LESTER STREET Waterloo
  • #104 - 253 LESTER STREET Waterloo
  • #104 - 253 LESTER STREET Waterloo
  • #104 - 253 LESTER STREET Waterloo
  • #104 - 253 LESTER STREET Waterloo
  • #104 - 253 LESTER STREET Waterloo
  • #104 - 253 LESTER STREET Waterloo
  • #104 - 253 LESTER STREET Waterloo
  • #104 - 253 LESTER STREET Waterloo
  • #104 - 253 LESTER STREET Waterloo

#104 - 253 LESTER STREET, Waterloo, Ontario

$539,900

  • 5 Beds
  • 2 Baths
  • 1,100 Square Feet

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 the University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted. Three rooms are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. Two additional rooms have leases ending August 2026, offering the potential for new tenants at rates of up to $900 per room. The property currently generates $3,800/month in rental income, totaling $45,600 annually. The building has recently added a brand-new onsite laundry facility, enhancing convenience for tenants and boosting overall appeal .A rare chance to step into a worry-free, income-producing property in one of Waterloo's most sought-after student rental locations. Please see inclusions for furniture included. (id:23309)

  • Listing ID: X13031346
  • Property Type: Single Family

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Rooms

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FlatBedroom 5Measurements not available

Details

  • Amenities Nearby: Public Transit, Schools
  • Community Features: Pets not Allowed
  • Maintenance Fee: 802.00
  • Maintenance Fee Type: Common Area Maintenance, Heat, Insurance, Water
  • Maintenance Fee Payment Unit: Monthly
  • Management Company: Rentcorp Property Management Inc.
  • Ownership: Condominium/Strata
  • Transaction: For sale
  • Zoning Description: Residential

Building

  • Appliances: Blinds, Dishwasher, Furniture, Stove, Refrigerator
  • BasementType: None
  • Bedrooms Main Level: 5
  • Cooling: Central air conditioning
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Flooring: Ceramic, Carpeted
  • Bathrooms (Total): 2
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 1000 - 1199 sqft
  • Type: Apartment

Land

  • Amenities: Public Transit, Schools

This property for sale is located at #104 - 253 LESTER STREET in Waterloo. It was last modified on May 20th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Waterloo properties for sale.

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