For sale

$509,000

Est. $3,074/mo —

•

2 ba

•

View

sq ft

253 Lester St #101, Waterloo, ON N2L 3W6

About this home

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.

CondoProperty Type

Listed by SUMIT TAGGAR • ROYAL LEPAGE SIGNATURE REALTY

Listed by POONAM TAGGAR • ROYAL LEPAGE SIGNATURE REALTY

Listing updated: Jul 17, 2026 at 08:51am

Redfin checked: a few seconds ago

•Source:TREB #X13575452

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Around this home

Schools

0.8km

MacGregor Public School

Public, 6-8 • Assigned

0.6km

Waterloo Collegiate Institute

Public, 9-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Other interior features

Laundry & utility
Common area laundry

Heating & cooling
Central air conditioning
Natural gas forced air heating

Sale and tax history for 253 Lester St #101

Sale History
Tax History

Date

Event

Price

TREB #X13575452

Jul 17, 2026

Listed

$509,000

TREB #X12596864

Jul 1, 2026

Delisted

—

Dec 3, 2025

Listed

$530,000

+29

Room #1 - Vacant, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. 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.

TREB #X12210380

Mar 4, 2026

Relisted

—

Jun 10, 2025

Listed

$607,000

TREB #X12251603

Jun 28, 2025

Listed

$569,000

TREB #X12146541

May 14, 2025

Listed

$549,000

TREB #X10405088

May 7, 2025

Delisted

—

Nov 4, 2024

Listed

$607,000

TREB #X8441966

Jun 14, 2024

Listed

$607,000

TREB #X8065498

Feb 13, 2024

Listed

$607,000

TREB #X7224854

Oct 17, 2023

Listed

$607,000

TREB #X6632388

Jul 3, 2023

Listed

$609,000

Public record

Beds

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Lot width

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Lot size

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Year renovated

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Finished Sq. Ft.

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Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

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Style

Condo/Co-op

Region

Waterloo Region

Parking Spaces

—

Basement

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Accessible

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Maintenance Fees

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Garage

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Features

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Last updated by owner on Aug 10, 2023.

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