For Sale

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

$530,000

253 Lester Street Unit# 101, Waterloo, Ontario N2L 3W6 is For Sale and has a listing price of 530,000. The property is located in the Waterloo . It's been on the website for 1 Day.

  • 5
    Bedrooms
  • 2
    Bathrooms
  • Underground
    Parking
  • MLS ID: X12596864
  • Office Name ROYAL LEPAGE SIGNATURE REALTY
Property Description

Room #1 – vacating end of December, #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.

Property Details
  • Property Type: Condo
  • Listing Type: For Sale
  • Listing ID: X12596864
  • Price: $530,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Ref ID: X12596864
  • Approx Sqft: 1000-1199
  • Dir / Cross St: University Ave W/Lester St
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 16-30
  • Property Sub Category: Condo
Price History
List Date MLS ID List Price Status End Date Closed Price
12/03/2025 X12596864 $530,000 For Sale - -
06/28/2025 X12251603 $569,000 Cancelled 12/03/2025 -
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
  • $801,680 Average List Price
    based on 1 year
  • 196 New Listings
    based on 30 days
  • 59 Median Days on Market
    based on 1 year
  • List vs. Selling Price 116.63 % Up
  • Sold (12mo) 653
  • Rented (12mo) 243

  • 1 Month Change -18.7%
  • 3 Month Change -12.7%
  • 6 Month Change -18.8%
Walkscore
Property Type Distribution
  • All Houses
    44.92%
  • Commercial
    6.44%
  • Condo
    48.54%
  • Land for Sale
    0.1%
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: $3,809
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBD
  • Listing Entry Date: 03/12/2025 14:22:23
  • 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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