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$509,000
For SaleListed 20 days ago

253 Lester Street #101, Waterloo, ONN2L 3W6

Waterloo
5
2
1,000–1,199 ft²
Condo Apartment
Listed by ROYAL LEPAGE SIGNATURE REALTY

Property Information

Property TypeCondo Apartment
BasementNone
ParkingUnderground
Property taxes$3,950/yr (2026)
Days on Market20 Days
Listed DateJul 17, 2026
MLS® NumberX13575452

Monthly Cost

Description

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 History

Event
Date
Price
Listed
Jul 17, 2026
$509,000

Shows activity for this MLS® listing. Prior listings and sold records appear when available.

Location

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School Catchments

School boundaries and eligibility may change. Confirm school eligibility directly with the school board.

All Waterloo school catchments

Licensed Childcare Nearby

Licensed childcare nearby
From Ontario’s Ministry of Education registry
6
Licensed centres nearby
0.6km
Closest centre
1
Before & after care
Licensed Child Care Centre
University Of Waterloo - E.C.E. Centre, Psychology
200 University Avenue, Waterloo
0.6 km
Half day
Operator: University Of Waterloo
Licence #01823·Child Care Centre
Licensed Child Care Centre
Bright Starts Co-Operative Early Learning Centre Inc.
200 Columbia Street, Waterloo
0.9 km
Full day
Licence #55233·Child Care Centre
Licensed Child Care Centre
Kids & Company - Tech Town
340 Hagey Boulevard, Waterloo
1.2 km
Full day
Operator: Kids & Company Ltd.
Licence #0004104·Child Care Centre
Licensed Child Care Centre
Emmanuel At Brighton Child Care Centre
65 Noecker Street, Waterloo
1.2 km
Full day · Half day
Licence #0005036·Child Care Centre
Licensed Child Care Centre
Waterloo Co-Operative Preschool
22 Bridgeport Road, Waterloo
1.3 km
Half day
Operator: Waterloo Co-Operative Preschool Inc.
Licence #0003298·Child Care Centre
Licensed Child Care Centre
Winston Churchill Public School Wrdsb Before And After School Programs
100 Milford Avenue, Waterloo
1.3 km
Before & after school
Operator: Waterloo Region District School Board
Licence #59318·Child Care Centre
Part of
253 Lester Street, Waterloo
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DistrictIQ Inc., BrokerageMLS® data provided by PropTxUpdated Jul 17, 2026
Data sources & legal disclosures

Listing data is provided by the Toronto Regional Real Estate Board (TRREB) and PropTx under the Internet Data Exchange (IDX) program. The information is deemed reliable but is not guaranteed accurate by TRREB, PropTx, CREA or DistrictIQ Inc., Brokerage, may not reflect the most current status, and is subject to errors, omissions, prior sale, change, or withdrawal without notice. Listings should be independently verified.

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