Unit 101, 253 Lester Street
Waterloo (Downtown Waterloo), ON N2L 3W6
253 Lester Street4 storeys- 5Bedrooms
- 2Bathrooms
- 0Parking
- 1000–1199Sq Ft
- $3,950Tax
- $802/moCondo Fee
Estimated Value:$488,471See Free Estimate Report
Sale & Price History for Unit 101, 253 Lester Street, Waterloo, Downtown Waterloo
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About Unit 101, 253 Lester Street, Waterloo, Downtown Waterloo
Summarized Description
- Turnkey investment in Waterloo's university district.
- 5-bedroom, 2-bathroom condo with high rental potential.
- Steps from Wilfrid Laurier University and University of Waterloo.
- Spacious open-concept living area enhances appeal.
- Professional property management for hands-off ownership.
- Included furniture adds convenience for tenants.
- Positive cash flow with potential over $49,000/year.
- Condo fees cover heat and water for affordability.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,950
- Land Transfer Tax Fee
- $6,655
Condo/Maintenance Fee
- Maintenance Fee
- $802 /month
Included In Maintenance Fee
- Heat Included
- Water Included
- CAC Included
- Common Elements Included
- Building Insurance Included
Rental Items
- Rental Equipment
- None
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- Coin Operated, In Building
- Interior Extras
- Other
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- None
Building
- Building Type
- Condo Apartment
- Building Style
- Apartment
- Approx Age
- 16-30
- Condo Corp Number
- 641
Construction
- Exposure
- North West
- Exterior Finish
- Brick
- Special Designation
- Unknown
Inclusions
- Inclusions
- Fridge, Stove, Hood Fan, B/I Dishwasher. All Elfs & Window Coverings
Exclusions
- Exclusions
- Tenants Belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Type
- None
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 0
Lockers
- Locker Type
- Ensuite+Common
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 5
- Washrooms
- 2
- Kitchens
- 1
- Family / bonus room
- Yes
Room sizes
- Dining Room—Main level
- Bedroom 4—Main level
- Living Room—Main level
- Bathroom—Main level
- Kitchen—Main level
- Bedroom 3—Main level
- Bedroom 5—Main level
- Bathroom—Main level
- Bedroom 2—Main level
- Bedroom—Main level
Washrooms
- 4-piece, Flat
- Municipality
- Waterloo
- Neighbourhood
- Downtown Waterloo
- Main cross streets
- University Ave W/Lester St
- Directions
- University Ave W/Lester St
- MLS® number
- X13575452
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-07-17
- Updated on
- 2026-07-17
- Days on market
- 92 days
- Possession type
- Flexible
- Co-op commission
- 2.5% + HST
- Seller
- Listed by
- ROYAL LEPAGE SIGNATURE REALTY
Home Market Value
Current home valuation for Unit 101, 253 Lester Street, Waterloo, Downtown Waterloo, Waterloo, ON. Listed for $509,000
HOMEH Estimate
$488,471
Estimated Sales Range
$429,854 - $564,701
HOMEH Estimate for Unit 101, 253 Lester Street, Waterloo, Downtown Waterloo
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $9,000 over $500K
$25,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $19,322 | $14,201 | $12,114 | $0 |
=Total mortgage | $502,363 | $472,301 | $444,764 | $407,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,453monthly | $2,306monthly | $2,172monthly | $1,988monthly |
Land Transfer Tax
$6,655
$6,655
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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