Unknown for 253 Lester St #101, Waterloo Ontario N2L 3W6
Re-listed 21 days ago

253 Lester St #101, Waterloo, Ontario N2L 3W6

In the same building:
-
Condo
5
2
~1158 sqft
$•••,•••
$569,000
Get pre-qualifiedPowered by nesto
Buy with Wahi to get
Up to
$5,690Cashback
Condo
5
2
~1158 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market21 days

Total days on market
743 days

Estimated valueNot available

Price/Sqft$491/sqft

Monthly cost

Open Calculator

CMA Subject Property

Curious about what homes are selling for in this area?

Get a report on comparable homes with helpful insights and trends.

+15

Properties sold*

$509K

Median sold price*

*Based on last 30 days

Description

Room #1 - Vacant, #2 - $825, ending Aug 26, 2025, #3 Vacant, #4 - $850, monthly, #5 - $825, ending Aug 26, 2025. 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.


Property Details

Style1 Storey/Apt
View-
Age of property2009
SqFt~1158 SqFt
Lot Size-
Parking Spaces-
MLS ®Number40746169
Community NameColumbia
Data SourceITSO
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Forced Air, Natural Gas
Cooling: Central Air

Main Floor

Bedroom

4.22 x 2.54

Kitchen

3.94 x 3.48

Dining Room

4.55 x 2.87

Bedroom

3.53 x 2.67


Features

Sewer (Municipal)

Elevator
Amenities

Elevator(s), Other

Inclusions
Hydro
Water
Parking
Cable
Heat

Market Data - Columbia

Geo Zone Map ThumbnailColumbia

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

51 days

Compared to

2024

42 days

2023

34 days

2022

24 days

New Listings

Past 30 days

60 listings

Compared to

2024

50 listings

2023

49 listings

2022

68 listings

Units sold

Past 30 days

17 units

Compared to

2024

15 units

2023

25 units

2022

32 units

Median Sold Price

Past 30 days

$443,000

Compared to

2024

$508,500

2023

$467,000

2022

$486,500


Population and Demographics

Overview

Total population 7359
Average household income $71,241

Age (%)

0 to 19
15%
20 to 34
64%
35 to 49
9%
50 to 64
7%
65 and plus
5%

Household composition (%)

Single person
40%
Multi person
32%
Single family
28%
Multi family
0%

Mother tongue (%)

English
56%
Mandarin
17%
Hindi
5%
Others
3%
Punjabi (Panjabi)
3%
Arabic
3%
Gujarati
2%
Spanish
2%
Telugu
1%

House tenancy (%)

Renters
86%
Owners
14%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget