Unit 203, 253 Lester Street
Waterloo, ON N2L 3W6
253 Lester Street4 storeys- 5Bedrooms
- 2Bathrooms
- 0Parking
- 1200–1399Sq Ft
- $3,768Tax
- $802/moCondo Fee
Estimated Value:$506,000See 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 203, 253 Lester Street, Waterloo
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-05-25 | 2026-06-30 | Login to See Prices | Sold | x13170624 |
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About Unit 203, 253 Lester Street, Waterloo
Summarized Description
- Turnkey investment opportunity in Waterloo's university district.
- 5-bedroom, 2-bathroom condo with strong income potential.
- Fully furnished for easy tenant turnover.
- Open-concept layout with spacious bedrooms.
- High-demand rental area near universities.
- Consistent occupancy rates year after year.
- Building amenities include parking and elevator access.
- Close to public transit, shopping, and restaurants.
Turnkey cash-flow opportunity in Waterloo's premier university district! This purpose-built 5-bedroom, 2-bathroom investment condo at 253 Lester St offers exceptional income potential. Ideally positioned just steps from Wilfrid Laurier University and the University of Waterloo, this high-demand rental location supports strong tenant demand and consistent occupancy year after year. The unit features afunctional open-concept layout, spacious bedrooms, two full bathrooms, and comes fully furnished for seamless tenant turnover. Building amenities include parking, elevator access, shared laundry facilities, and convenient proximity to public transit, shopping, restaurants, and everyday essentials.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,768
- Land Transfer Tax Fee
- $6,655
Condo/Maintenance Fee
- Maintenance Fee
- $802 /month
Included In Maintenance Fee
- Heat Included
- Water 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
- Interior Extras
- Ventilation System
- 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
- South
- Exterior Finish
- Brick, Concrete
- Special Designation
- Unknown
Inclusions
- Inclusions
- Fridge, Stove, Hood Fan, Dishwasher
Exclusions
- Exclusions
- Tenants Belongings
Parking & Garages
- Garage Type
- Underground
- 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
- Fan Coil
- Air Conditioning
- Central Air
- Bedrooms
- 5
- Washrooms
- 2
- Kitchens
- 1
Room sizes
- Living Room—Flat level
- Dining Room—Flat level
- Kitchen—Flat level
Washrooms
- 4-piece, Flat
- 3-piece, Flat
- Municipality
- Waterloo
- Main cross streets
- University Ave W / Lester St
- Directions
- University Ave W / Lester St
- MLS® number
- X13170624
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-06-30
- Listed on
- 2026-05-25
- Days on market
- 36 days
- Possession type
- Immediate
- Co-op commission
- 2.5% plus hst
- Seller
- Listed by
- ROYAL LEPAGE SIGNATURE REALTY
Home Market Value
Current home valuation for Unit 203, 253 Lester Street, Waterloo, , . Listed for $509,000
HOMEH Estimate
$506,000
Estimated Sales Range
$435,692 - $576,308
HOMEH Estimate for Unit 203, 253 Lester Street, 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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