For Sale Condo Apartment

#104 – 253 Lester Street

5 Beds

2 Baths

1000-1199 Sq Ft

Sale Price $569,900

5-bedroom condo apartment for sale in Waterloo — #104 - 253 Lester Street (Photo 1)

5-bedroom condo apartment for sale in Waterloo — #104 - 253 Lester Street (Photo 2)

5-bedroom condo apartment for sale in Waterloo — #104 - 253 Lester Street (Photo 3)

5-bedroom condo apartment for sale in Waterloo — #104 - 253 Lester Street (Photo 4)

Description

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 University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted, generating $3,800/month in rental income , yearly income $45,600. Tenancies are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. The building has recently added a brand-new onsite laundry facility, enhancing convenience for the tenants. A rare chance to step into a worry-free, income-producing property. Please see inclusions for furniture included.

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Property Details

Bedrooms: 5

Bathrooms: 2

Square Feet: 1000-1199

MLS Number: X12715914

Rooms

Living Room

Ceramic Floor, Window, Combined w/Kitchen

Dining Room

Ceramic Floor, Window, Combined w/Living

Kitchen

Ceramic Floor, Open Concept, Combined w/Living

Bedroom

Closet, Window, Broadloom

Bedroom 2

Closet, Window, Broadloom

Bedroom 3

Closet, Window, Broadloom

Bedroom 4

Closet, Window, Broadloom

Bedroom 5

Closet, Window, Broadloom

Characteristics

Property

Status: Sale

Type: Condo Apartment

Style: Apartment

Size (sq ft): 1000-1199

Age: 11-15

Area: Waterloo

Inside

Bedrooms: 5

Bathrooms: 2

Kitchens: 1

Rooms: 8

Air Conditioning: Central Air

Building

Pets: No

Basement: None

Elevator: Y

Heating: Forced Air

Exterior: Brick

Parking

Garage: None

Fees

Taxes: CAC Included, Common Elements Included, Heat Included, Building Insurance Included, Water Included

Tax Year: 2025

Heating: Y

Land

Cross Street: University/Lester

Sale History

Date	Event	Price	MLS Number
Jan 21, 2026	Listed	$569,900	X12715914
Mar 4, 2022	Removed		X5505714
Feb 17, 2022	Listed	$599,990	X5505714

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