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#104 - 253 Lester Street Waterloo, Ontario N2L 3W6

5 Bedroom 2 Bathroom 1000 - 1199 sqft
Central Air Conditioning Forced Air

$539,900

Maintenance, Common Area Maintenance, Heat, Insurance, Water

$802 Monthly

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. (id:60365)

Property Details

MLS® Number X13031346
Property Type Single Family
AmenitiesNearBy Public Transit, Schools
CommunityFeatures Pets Not Allowed

Building

BathroomTotal 2
BedroomsAboveGround 5
BedroomsTotal 5
Age 11 To 15 Years
Appliances Blinds, Dishwasher, Furniture, Stove, Refrigerator
BasementType None
CoolingType Central Air Conditioning
ExteriorFinish Brick
FlooringType Ceramic, Carpeted
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 1000 - 1199 Sqft
Type Apartment

Parking

No Garage

Land

Acreage No
LandAmenities Public Transit, Schools
ZoningDescription Residential

Rooms

Level Type Dimensions
Flat Living Room Measurements not available
Flat Dining Room Measurements not available
Flat Kitchen Measurements not available
Flat Bedroom Measurements not available
Flat Bedroom 2 Measurements not available
Flat Bedroom 3 Measurements not available
Flat Bedroom 4 Measurements not available
Flat Bedroom 5 Measurements not available

https://www.realtor.ca/real-estate/29642044/104-253-lester-street-waterloo

Paulette Lawrence
Salesperson

Cityscape Real Estate Ltd.
885 Plymouth Dr #2
Mississauga, Ontario L5V 0B5

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May 20 2026 12:15:44

Toronto Real Estate Board

Cityscape Real Estate Ltd.

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