Unknown for 253 Lester St ##104, Waterloo Ontario N2L 3W6
7 hours on Market

253 Lester St #104, Waterloo, Ontario N2L 3W6

In the same building:
-
Condo
5
2
~1000-1199 sqft
$569,900
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Condo
5
2
~1000-1199 sqft

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Highlights

Property Estimate

Days on market7 hours

Estimated valueNot available

Price/Sqft$522/sqft

Monthly cost

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Description

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.


Property Details

StyleApartment
View-
Age of property11-15
SqFt~1000-1199 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX12715914
Community NameColumbia
Data SourceTRREB
Listing byCITYSCAPE REAL ESTATE LTD.

Features

Heating: Forced Air
Cooling: Central Air

Flat Floor

Living

0.0 x 0.0

Ceramic Floor / Window / Combined W/Kitchen

3rd Br

0.0 x 0.0

Closet / Window / Broadloom

4th Br

0.0 x 0.0

Closet / Window / Broadloom

2nd Br

0.0 x 0.0

Closet / Window / Broadloom


2Story
Elevator
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Jan 21, 2026
ListedActive
$569,900
7 hours on market
history photo preview15
Listing by trreb®
Property listed by CITYSCAPE REAL ESTATE LTD., 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