$569,900
5.40 BTC
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253 Lester Street #104, Waterloo
$569,900
PRICE
5
BEDROOMS
2
BATHROOMS
X12715914
MLSID

253 Lester Street #104, 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 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.
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Summary

Address
253 Lester Street #104
MLSID
X12715914
Property Type
Condo Apartment
Property Category
Bedrooms
5
Bathrooms
2
Rooms
8
Kitchens
1
Zoning
Residential
Taxes (Annual)
$3,932.00
Tax Year
2025
Published
January 21, 2026
Days on Market
11 Days
Possession Type
Other
Possession Details
30 - 90 Days
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Inclusions

Fridge, Stove, Built In Dishwasher, Furniture Included (Kitchen Table , 4 Chairs, Coffee Table And Couch, Dresser Cabinet, 5 Bed Frame And Mattress, 5 Desks And Blinds Included. All existing lighting

Details

Property Features
Public Transit, School
Bathroom 1
4-Piece Flat Level
Bathroom 2
3-Piece Flat Level
Basement
None
Interior Features
Other
Parking Features
None
Architectural Style
Apartment
Construction Materials
Brick
Exposure
South West
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with CITYSCAPE REAL ESTATE LTD.
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