A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, building for 253 Lester St #203, Waterloo Ontario N2L 3W6
3 hours on Market

253 Lester St #203, Waterloo, Ontario N2L 3W6

In the same building:
-
Condo
5
2
~1200-1399 sqft
$509,000
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Condo
5
2
~1200-1399 sqft

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Highlights

Property Estimate

Days on market3 hours

Estimated valueNot available

Price/Sqft$394/sqft

Monthly cost

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Description

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.


Property Details

StyleApartment
View-
Age of property16-30
SqFt~1200-1399 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX13170624
Community NameColumbia
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Fan Coil
Cooling: Central Air

Flat Floor

Living

2.89 x 2.81

Dining

0.0 x 0.0

Kitchen

0.0 x 0.0


3Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

May 25, 2026
ListedActive
$509,000
3 hours on market
history photo preview42
Listing by trreb®
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

53 days

Compared to

2025

49 days

2024

32 days

2023

35 days

New Listings

Past 30 days

45 listings

Compared to

2025

45 listings

2024

45 listings

2023

35 listings

Units sold

Past 30 days

8 units

Compared to

2025

6 units

2024

15 units

2023

21 units

Median Sold Price

Past 30 days

$320,250

Compared to

2025

$455,000

2024

$415,000

2023

$488,000


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