253 LESTER ST #401, Waterloo, ON N2L3W6
253 LESTER ST #401, Waterloo, ON N2L3W6
253 LESTER ST #401, Waterloo, ON N2L3W6
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$499,900
Est. payment /mo
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5 Beds
2 Baths
1,158 SqFt
Price Dropped by $15K

253 LESTER ST #401 Waterloo, ON N2L3W6

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Scott Henderson

Scott Henderson

+1(519) 577-7588

UPDATED:

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1158

Square Footage 1,158 sqft

Price per Sqft $431

Subdivision 417 - Beechwood/University

MLS® Listing ID 40822088

Bedrooms 5

Condo Fees $721/mo

Year Built 2009

Property Sub-Type Condo

Property Description

253 Lester St. #401 is a turnkey student rental investment property in the heart of Waterloo's university district. This spacious 5-bedroom, 2-bathroom condo is purpose-built for student living and delivers strong, consistent rental income with minimal effort. Just steps from Wilfrid Laurier University and the University of Waterloo, this location attracts reliable tenants year after year. The thoughtfully designed layout features approximately 1,158 sq ft of living space, including five generously sized bedrooms, two full bathrooms, and a large open-concept common area highlighted by an L-shaped kitchen and a bright living/dining room — perfect for gatherings, study sessions, or relaxing after class (recently updated with new furniture). Condo fees include heat and water, keeping operating costs low. The building offers elevator access, a brand-new onsite laundry facility for added tenant convenience, central air conditioning, and proximity to public transit, shopping, restaurants, and all essential amenities. Street parking and additional building parking options are available. Whether you're an experienced investor or looking for your first student rental property, this unit offers hands-off potential with proven gross rental income potentially exceeding $45,000 per year (based on current market rents in the building). Many similar units in the complex are fully tenanted with long-term leases, delivering stable cash flow in this ever-growing university hub. Don't miss your chance to own a worry-free (excellent onsite management available), income-generating property in one of Waterloo's most sought-after student locations. Schedule your viewing today! (id:24570)

Location

Province ON

Rooms

Kitchen 1.0

Extra Room 1 Main level 14'3'' x 7'6'' Bedroom

Extra Room 2 Main level 8'5'' x 11'5'' Bedroom

Extra Room 3 Main level 8'8'' x 11'9'' Bedroom

Extra Room 4 Main level 11'0'' x 8'8'' Bedroom

Extra Room 5 Main level 8'5'' x 11'0'' Bedroom

Extra Room 6 Main level Measurements not available 4pc Bathroom

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Story 1

Sewer Municipal sewage system

Others

Ownership Condominium

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Listed by BENJAMINS REALTY INC.
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Scott Henderson

Scott Henderson

Agent

+1(519) 577-7588

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253 LESTER ST #401