253 Lester Street Unit# 402 Waterloo, Ontario N2L 3W6
$569,900Maintenance, Insurance, Heat, Water
$790.49 Monthly
Maintenance, Insurance, Heat, Water
$790.49 MonthlyIdeally located just steps from Wilfrid Laurier University and the University of Waterloo, this purpose-built 5 bedroom, 2 bathroom condo at 253 Lester St is a low-maintenance addition to any investor’s portfolio! With the potential to generate over $50,000 per year in gross rental income, this property offers strong cash flow and consistent year-round tenancy! The thoughtfully designed layout features a spacious open concept living area with an updated kitchen and a bright, welcoming common room - perfect for student living! Condo fees include heat, water and air conditioning, the building features parking, shared laundry facilities, elevator access and an unbeatable proximity to transit, shopping, restaurants and all major amenities! The unit also offers professional property management for a completely hands-off experience! A rare opportunity to own a turnkey investment in one of Waterloo’s most sought-after rental locations! (id:40227)
Property Details
| MLS® Number | 40754136 |
| Property Type | Single Family |
| AmenitiesNearBy | Park, Place Of Worship, Public Transit, Shopping |
| CommunityFeatures | Community Centre |
| Features | Laundry- Coin Operated |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Appliances | Refrigerator, Stove, Hood Fan |
| BasementType | None |
| ConstructedDate | 2009 |
| ConstructionStyleAttachment | Attached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 1158 Sqft |
| Type | Apartment |
| UtilityWater | Municipal Water |
Parking
| None |
Land
| AccessType | Road Access |
| Acreage | No |
| LandAmenities | Park, Place Of Worship, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 271 Ft |
| SizeFrontage | 135 Ft |
| SizeTotalText | 1/2 - 1.99 Acres |
| ZoningDescription | Gr |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | 3pc Bathroom | Measurements not available | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 12'7'' x 8'5'' | ||
| Main Level | Bedroom | 11'8'' x 8'11'' | ||
| Main Level | Bedroom | 10'7'' x 9'10'' | ||
| Main Level | Bedroom | 11'7'' x 8'9'' | ||
| Main Level | Bedroom | 13'10'' x 8'4'' | ||
| Main Level | Kitchen | 12'11'' x 11'5'' | ||
| Main Level | Living Room/dining Room | 14'11'' x 9'3'' |
https://www.realtor.ca/real-estate/28660671/253-lester-street-unit-402-waterloo
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640 Riverbend Dr.
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December 08 2025 09:01:55
REALTORS® Association of Hamilton-Burlington
Keller Williams Innovation Realty