253 Lester Street #104, Waterloo — For Sale in Waterloo
5 bed · 2 bath · Condo Apartment for sale in Waterloo.
253 Lester Street #104, Waterloo, ON N2L 3W6
About This Property
Now for sale at 253 Lester Street #104 in Waterloo: a 5-bedroom, 2-bathroom condo apartment listed at $539,900.
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.
Property Specifications
| MLS® Number | X13031346 |
|---|---|
| Status | For Sale |
| List Price | $539,900 |
| Property Type | Residential Condo & Other |
| Sub Type | Condo Apartment |
| Transaction Type | For Sale |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Address | 253 Lester Street #104, Waterloo, ON N2L 3W6 |
| City | Waterloo |
| Postal Code | N2L 3W6 |
Listing Contracted With: CITYSCAPE REAL ESTATE LTD.
