Unit 402, 253 Lester Street
Waterloo (Beechwood/University), ON N2L 3W6
253 Lester Street4 storeys- 5Bedrooms
- 2Bathrooms
- 0Parking
- 1000–1199Sq Ft
- $3,538Tax
- $790/moCondo Fee
Estimated Value:$499,957See 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 402, 253 Lester Street, Waterloo, Beechwood/University
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About Unit 402, 253 Lester Street, Waterloo, Beechwood/University
Summarized Description
- Exceptional investment opportunity near universities
- Five spacious bedrooms and two full bathrooms
- Large common area with L-shaped kitchen
- Bright open living room for relaxation
- Potential to generate over $50,000 annually
- Condo fees cover heat and water
- Close to transit and shopping amenities
Exceptional investment opportunity! Ideally located just minutes from the University of Waterloo and Wilfrid Laurier University making it a valuable addition to any investor's portfolio! Featuring five spacious bedrooms and two full bathrooms this home offers a thoughtfully designed layout with a large common area complete with an L-shaped kitchen and a bright open living room - perfect to relax and gather! Condo feesinclude heat and water. The building features parking, shared laundry facilities, elevator access and close proximity to transit, shopping, allamenities and much more! Potential to generate over $50,000 per year with current rents!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,538
- Land Transfer Tax Fee
- $7,873
Condo/Maintenance Fee
- Maintenance Fee
- $790 /month
Included In Maintenance Fee
- Heat Included
- Common Elements Included
- Building Insurance Included
- Water Included
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- Coin Operated
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- Yes
Exterior Features
- Balcony
- None
Building Amenities
- Elevator
Building
- Building Type
- Condo Apartment
- Building Style
- 1 Storey/Apt
- Approx Age
- 11-15
- Condo Corp Number
- 641
Construction
- Exposure
- East
- Exterior Finish
- Brick
- Special Designation
- Unknown
Inclusions
- Inclusions
- Range Hood, Refrigerator, Stove
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—Main level
- Kitchen—Main level
- Bedroom—Main level
- Bedroom 2—Main level
- Bedroom 3—Main level
- Bedroom 4—Main level
- Bedroom 5—Main level
- Bathroom—Main level, 4 Pc Bath
- Bathroom—Main level, 3 Pc Bath
Washrooms
- 4-piece, Main
- 3-piece, Main
- Municipality
- Waterloo
- Neighbourhood
- Beechwood/University
- Main cross streets
- University Ave W
- Zoning
- GR
- Directions
- University / Lester
- MLS® number
- X12799360
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-06-30
- Listed on
- 2026-02-18
- Days on market
- 132 days
- Possession type
- Flexible
- Co-op commission
- 2% + HST
- Seller
- Listed by
- Keller Williams Innovation Realty
Home Market Value
Current home valuation for Unit 402, 253 Lester Street, Waterloo, Beechwood/University, Waterloo, ON. Listed for $569,900
HOMEH Estimate
$499,957
Estimated Sales Range
$394,966 - $604,948
HOMEH Estimate for Unit 402, 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 $69,900 over $500K
$31,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $21,497 | $15,900 | $13,564 | $0 |
=Total mortgage | $558,913 | $528,810 | $497,979 | $455,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,729monthly | $2,582monthly | $2,431monthly | $2,226monthly |
Land Transfer Tax
$7,873
$7,873
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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