Unit #104, 253 Lester Street
Waterloo (Beechwood/University), ON N2L 3W6
253 Lester Street4 storeys- 5Bedrooms
- 2Bathrooms
- 0Parking
- 1000–1199Sq Ft
- $3,932Tax
- $802/moCondo Fee
Estimated Value:$495,177See Free Estimate Report
Property not available for sale or for rent.
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for Unit #104, 253 Lester Street, Waterloo, Beechwood/University
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About Unit #104, 253 Lester Street, Waterloo, Beechwood/University
Summarized Description
- Ground-floor corner unit in a high-demand area.
- Fully tenanted with $3,800/month rental income.
- Walking distance to University of Waterloo and Laurier.
- 3-year leases provide exceptional stability.
- New onsite laundry facility enhances tenant convenience.
- Impeccably maintained, ready for investment.
- Includes furniture for added value.
Opportunity Knocks! Freshly painted and impeccably maintained, this ground-floor CORNER unit offers a truly hands-off investment in a high-demand area. Centrally located along the university hub - walking distance to both University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted, generating $3,800/month in rental income which totals a yearly income of $45,600. Tenancies are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. The building has recently added a brand-new onsite laundry facility, enhancing convenience for the tenants. A rare chance to step into a worry-free, income-producing property. Please see inclusions for furniture included.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,932
- Land Transfer Tax Fee
- $7,273
Condo/Maintenance Fee
- Maintenance Fee
- $802 /month
Included In Maintenance Fee
- CAC Included
- Common Elements Included
- Heat Included
- Building Insurance Included
- Water Included
- Basement Type
- None
Interior Features
- Pets Permitted
- No
- Laundry Features
- In Building
- Laundry Level
- Lower Level
- Interior Extras
- Other
- Fireplace/Stove
- No
- Elevator
- Yes
Exterior Features
- Balcony
- None
Building
- Building Type
- Condo Apartment
- Building Style
- Apartment
- Approx Age
- 11-15
- Condo Corp Number
- 641
Construction
- Exposure
- South West
- Exterior Finish
- Brick
- Special Designation
- Unknown
Inclusions
- Inclusions
- Fridge, Stove, Built In Dishwasher, Furniture Included (Kitchen Table, 4 Chairs, Coffee Table And Couch, Dresser Cabinet, 5 Bed Frame And Mattress, 5 Desks And Blinds Included. All existing lighting
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Type
- None
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 0
Lockers
- Locker Type
- None
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 5
- Washrooms
- 2
- Kitchens
- 1
Room sizes
- Living Room—Flat level, Ceramic Floor, Window, Combined w/Kitchen
- Dining Room—Flat level, Ceramic Floor, Window, Combined w/Living
- Kitchen—Flat level, Ceramic Floor, Open Concept, Combined w/Living
- Bedroom—Flat level, Closet, Window, Broadloom
- Bedroom 2—Flat level, Closet, Window, Broadloom
- Bedroom 3—Flat level, Closet, Window, Broadloom
- Bedroom 4—Flat level, Closet, Window, Broadloom
- Bedroom 5—Flat level, Closet, Window, Broadloom
Washrooms
- 4-piece, Flat
- 3-piece, Flat
- Area
- Waterloo
- Municipality
- Waterloo
- Neighbourhood
- Beechwood/University
- Main cross streets
- University/Lester
- Zoning
- Residential
- Directions
- from Lester st and university ave w. Head south on Lester St for 1 -2 minutes. 253 Lester will be on your right hand side.
- MLS® number
- X13031346
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-07-03
- Listed on
- 2026-04-22
- Days on market
- 72 days
- Possession type
- Other
- Co-op commission
- 2.25
- Seller
- Listed by
- CITYSCAPE REAL ESTATE LTD.
Home Market Value
Current home valuation for Unit #104, 253 Lester Street, Waterloo, Beechwood/University, Waterloo, ON. Listed for $539,900
HOMEH Estimate
$495,177
Estimated Sales Range
$431,641 - $589,977
HOMEH Estimate for Unit #104, 253 Lester Street, Waterloo, Beechwood/University
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 $39,900 over $500K
$28,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $20,430 | $15,063 | $12,850 | $0 |
=Total mortgage | $531,175 | $500,973 | $471,765 | $431,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,593monthly | $2,446monthly | $2,303monthly | $2,109monthly |
Land Transfer Tax
$7,273
$7,273
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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