Living (2.74 × 4.26)
Level: Main
101-253 Lester St
Waterloo, Ontario N2L 3W6
Description
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13575452
- Board
- TRREB MLS®
- Days on market
- Tax
- $3,950
- Size
- 1000-1199 sqft
- Parking
- None, 0 Parking
Listing History
Listing activity for 101-253 Lester St, Waterloo, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $509,000 | N/A | For Sale | X13575452 |
Property Details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Municipality
- Waterloo
Inside
- Bedrooms
- 5
- Bathrooms
- 2
- Bathroom Detail
- 2, 4pc, Flat
- Basement Type
- None
- Kitchens
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 1000-1199 sqft
- Construction
- Brick
Parking
- Garage Type
- None
- Add. Parking
- 0
- Total Parking
- 0
Additional
- Year built
- 16-30
- Fireplace
- N
- Den
- Y
- Family room
- Y
- Extras
- Fridge, Stove, Hood Fan, B/I Dishwasher. All Elfs & Window Coverings
- Condo maint.
- $802
Rooms (10)
Dining (2.74 × 4.26)
Level: Main
Kitchen (3.35 × 3.65)
Level: Main
Br (2.43 × 3.96)
Level: Main
2nd Br (2.43 × 3.35)
Level: Main
3rd Br (2.74 × 3.04)
Level: Main
4th Br (2.43 × 3.35)
Level: Main
5th Br (2.43 × 3.65)
Level: Main
Bathroom (1.21 × 1.82)
Level: Main
Bathroom (1.21 × 1.21)
Level: Main
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
13 records read 6 on record nearby 7 checked, none on recordRead 2026-10-27
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m9 test or monitoring holes also recorded.
- Groundwater recorded about 3.7 m below ground nearbyThe middle water level in the well records within 500 m (80 records). It changes with the season and from spot to spot.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
Province of Ontario open data
Around the home
- Nearest rail line: 410 m
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is E Craftsmen Corporation — E CRAFTSMEN CORPORATION - WATERLOO, 1.9 km away. Only facilities above the inventory’s reporting thresholds are listed.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Enova Power Corp.
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, CIK Telecom, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Netflash Internet Solutions, Rogers, Waterloo Wireless, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,334
- Down payment$101,800
- Mortgage amount$407,200
- Total interest$293,000
- Total cost$802,000
Cash flow analysis
$2,334
Total monthly payment
$2,663
Break-even down payment
100%
Cash flow-$2,663
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$509,000
$509,000
CAD
Estimate unavailable
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