Unknown for 253 Lester St #101, Waterloo Ontario N2L 3W6
Re-listed 36 days ago

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

In the same building:
-
Condo
5
2
~1000-1199 sqft
$•••,•••
$530,000
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Condo
5
2
~1000-1199 sqft

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Highlights

Property Estimate

Days on market36 days

Total days on market
912 days

Estimated valueNot available

Price/Sqft$486/sqft

Monthly cost

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Description

Room #1 - Vacant, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. 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

StyleApartment
View-
Age of property16-30
SqFt~1000-1199 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX12596864
Community NameColumbia
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Bathroom

1.21 x 1.21

Living

4.26 x 2.74

Dining

4.26 x 2.74

Kitchen

3.65 x 3.35


2Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property listed by ROYAL LEPAGE SIGNATURE REALTY, Brokerage
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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

52 days

Compared to

2025

66 days

2024

74 days

2023

53 days

New Listings

Past 30 days

12 listings

Compared to

2025

18 listings

2024

15 listings

2023

15 listings

Units sold

Past 30 days

8 units

Compared to

2025

14 units

2024

7 units

2023

8 units

Median Sold Price

Past 30 days

$415,000

Compared to

2025

$462,500

2024

$408,000

2023

$446,000


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