For Sale

253 Lester Street Unit# 101, Waterloo, Ontario N2L 3W6

$0

253 Lester Street Unit# 101, Waterloo, Ontario N2L 3W6 is For Sale and has a listing price of 569,000. The property is located in the Waterloo . It's been on the website for 88 Days.

  • 5
    Bedrooms
  • 2
    Bathrooms
  • Underground
    Parking
  • MLS ID: X12251603
  • Office Name ROYAL LEPAGE SIGNATURE REALTY
Property Description

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.

Property Details
  • Bedrooms: 5
  • MLS ID: X12251603
  • Bathrooms: 2
  • Price: $569,000
  • Transaction Types: For Sale
  • Ref ID: X12251603
  • Year Built: N/A
  • Approx Sqft: 1000-1199
  • Dir / Cross St: University Ave W/Lester St
  • Status: Active
  • Tax Year: 2024
  • Approx Age: 16-30
  • Property Type: Condo
  • Property Sub Category: Condo
Price History
List Date MLS ID List Price Status End Date Closed Price
06/28/2025 X12251603 $569,000 For Sale - -
06/10/2025 X12210380 $607,000 For Sale 06/28/2025 -
05/14/2025 X12146541 $549,000 Cancelled 06/10/2025 -
11/03/2024 40672845 $607,000 -
11/03/2024 X10405088 $607,000 For Sale -
06/14/2024 X8441966 $607,000 Exp 10/31/2024 -
06/14/2024 40606243 $607,000 -
02/13/2024 X8065498 $607,000 Ter 07/24/2024 -
10/17/2023 X7224854 $607,000 -
07/01/2023 X6632388 $609,000 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Waterloo
  • $806,312 Average List Price
    based on 1 year
  • 315 New Listings
    based on 30 days
  • 64 Median Days on Market
    based on 1 year
  • List vs. Selling Price 114.36 % Up
  • Sold (12mo) 630
  • Rented (12mo) 242

  • 1 Month Change +28.3%
  • 3 Month Change -7.9%
  • 6 Month Change -10.4%
Walkscore
Property Type Distribution
  • All Houses
    45.2%
  • Commercial
    6.42%
  • Condo
    48.28%
  • Land for Sale
    0.11%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Apartment
  • Washroom Type1: 2
  • Garage Type Y
  • Parking Spaces: N/A
  • Exterior Brick
  • Kitchen Y
  • Parking Underground
  • Family Room: 1
  • Washrooms Type 1 # Pcs: 4
  • Taxes: $3,538
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBD
  • Listing Entry Date: 28/06/2025 14:08:58
  • Laundry Access: Coin Operated,In Building
  • Condo Registry Office: WSCC
  • Locker: None
  • Property Mgmt Co: CIE Property Management
  • Condo Corp#: 641
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