253 Lester Street #104, Waterloo, ON N2L 3W6
Waterloo
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 the University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted. Three rooms are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. Two additional rooms have leases ending August 2026, offering the potential for new tenants at rates of up to $900 per room. The property currently generates $3,800/month in rental income, totaling $45,600 annually. The building has recently added a brand-new onsite laundry facility, enhancing convenience for tenants and boosting overall appeal .A rare chance to step into a worry-free, income-producing property in one of Waterloo's most sought-after student rental locations. Please see inclusions for furniture included.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 253 Lester Street #104, Waterloo, ON N2L 3W6
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13031346
Listed by CITYSCAPE REAL ESTATE LTD.
On market since Apr 22, 2026
What comparable homes actually sold for in the last 12 months.
253 Lester Street #104, Waterloo, ON N2L 3W6 is listed for $539,900 CAD.
253 Lester Street #104, Waterloo, ON N2L 3W6 has 5 bedrooms and 2 bathrooms.
253 Lester Street #104, Waterloo, ON N2L 3W6 is a Condo Apartment.
253 Lester Street #104, Waterloo, ON N2L 3W6 is in Waterloo, Ontario.
253 Lester Street #104, Waterloo, ON N2L 3W6 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 253 Lester Street #104, Waterloo, ON N2L 3W6 (MLS# X13031346). You can also send a message through the contact form on this site.
