253 Lester St, Unit #503
Waterloo
$585,000
Buy with Dwelly and Save $5,850
Home Details
Buy with Dwelly and save $5,850 refund
Refunds vary by sale price, market and are subject to a minimum commission. Please get in touch and read the Refund Terms and Conditions to learn more.
Listing Description
Generating over $53,000/year in Gross Revenue, this powerhouse of a student rental is a guaranteed money maker and one of the best passive investment models in the Waterloo Region. Walking distance to both Laurier and UW, theres no shortage of students eager to move here, and many stay for the duration of their education. With 5 bedrooms, 2 full bathrooms, and a massive open-concept living area, the attention to detail and practicality of construction in this purpose-built property make ownership a breeze. Even the furniture is included for a completely seamless and hassle-free tenant turnover. And the condo fees include Heat and Water for your peace of mind. Fully tenanted with the loveliest undergrads, there are 4 leases in place through to August 2026, and one lease ending in Aug 2025. Opt-in to the professional Property Management for a completely hands-off investment approach that delivers positive cashflow every single month.With ample parking located behind the property, a shared laundry area, an elevator for accessibility, close to eateries and amenities and transit, 253 Lester Street sure is a low risk income property to slide into your portfolio. Let's get you in for a closer look soon.
Stove, Fridge, Dishwasher, 5xBeds, 5xDesks, Dining Table w 4xChairs, Couch, Coffee Table, 2xChairs, All Window Coverings
City: Waterloo
Property History
Rooms
Room dimensions for 253 Lester St, Unit #503, Waterloo
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 253 Lester St503 is 3966
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $585000 |
| Down Payment | $117000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $468000 |
Monthly Payment
| Mortgage Payment | $2884 |
| Property Taxes | $292 |
| Maintenance Fees | $790 |
| Monthly Payment | $3966 |
About 253 Lester St, Unit #503, Waterloo
Located at 253 Lester St Unit #503, this Waterloo condo is available for sale. This property was listed for $585,000 on Mon Mar 24 2025. This condo's size is 1200-1399 Sqft. It has 5 bedrooms and 2 bathrooms. Monthly maintenance is $790 per month and taxes are approximately $3,500 annually. Views are to the East from this property. Step outside onto the open balcony. The property includes the following rooms: Br, 2nd Br, 3rd Br, 4th Br, 5th Br, Bathroom, Bathroom, Kitchen, Living. This property also comes with a locker. Heat is included with this property.
MLS#: X12037147 · $585,000 · 5 bedroom condo in Waterloo