253 Lester St, Unit #101
Waterloo
$530,000
Buy with Dwelly and Save $5,300
Home Details
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Listing Description
Room #1 - vacating end of December, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. 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.
Fridge, Stove, Hood Fan, B/I Dishwasher. All Elfs & Window Coverings
City: Waterloo
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Jun 28, 2025 | 158 | $569,000 | N/A | Terminated | X12251603 |
| Jun 10, 2025 | 18 | $607,000 | N/A | Terminated | X12210380 |
| May 14, 2025 | 27 | $549,000 | N/A | Terminated | X12146541 |
| Nov 3, 2024 | 179 | $607,000 | N/A | Expired | X10405088 |
| Jun 14, 2024 | 139 | $607,000 | N/A | Expired | X8441966 |
| Feb 13, 2024 | 122 | $607,000 | N/A | Terminated | X8065498 |
| Oct 17, 2023 | 119 | $607,000 | N/A | Terminated | X7224854 |
| Jul 1, 2023 | 105 | $609,000 | N/A | Terminated | X6632388 |
Rooms
Room dimensions for 253 Lester St, Unit #101, Waterloo
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 253 Lester St101 is 3721
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $530000 |
| Down Payment | $106000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $424000 |
Monthly Payment
| Mortgage Payment | $2613 |
| Property Taxes | $317 |
| Maintenance Fees | $790 |
| Monthly Payment | $3721 |
About 253 Lester St, Unit #101, Waterloo
Located at 253 Lester St Unit #101, this Waterloo condo is available for sale. This property was listed for $530,000 on Wed Dec 03 2025. This condo's size is 1000-1199 Sqft. It has 5 bedrooms and 2 bathrooms. Monthly maintenance is $790 per month and taxes are approximately $3,809 annually. Views are to the NorthWest from this property. Step outside onto the open balcony. The property includes the following rooms: Living, Dining, Kitchen, Br, 2nd Br, 3rd Br, 4th Br, 5th Br, Bathroom, Bathroom. This property also comes with a locker. Heat is included with this property.
MLS#: X12596864 · $530,000 · 5 bedroom condo in Waterloo