Listings

Property 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 which totals a yearly income of $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.

Features
: Central Air
: None
: None
: Apartment
: Other
: In Building
Address Map
US
ON
Waterloo
Waterloo
N2L 3W6
Lester
253
Street
W81° 27' 53.9''
N43° 28' 25.6''
Residential
from Lester st and university ave w. Head south on Lester St for 1 -2 minutes. 253 Lester will be on your right hand side.
#104
Additional Information
: Brick
Financial
802.0
: CAC Included, Common Elements Included, Building Insurance Included, Heat Included, Water Included
1
3932.0
Listing Information
New
2026-01-21T08:13:02Z
TRREB

For Sale in Waterloo

253 Lester Street #104, Waterloo, ON N2L 3W6

5 Bedrooms
2Bathrooms
$569,900
Listing ID #X12715914
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : X12715914
Price : $569,900
Bedrooms : 5
Bathrooms : 2
Status : Active
Office Name : CITYSCAPE REAL ESTATE LTD.
Property Attached Yn : 1
Property Sub Type : Condo Apartment
Agent info
Richi Khanna
Pontis Realty Inc., Brokerage
Contact Agent