A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, building for 253 Lester St #402, Waterloo Ontario N2L 3W6
137 days on Market

253 Lester St #402, Waterloo, Ontario N2L 3W6

In the same building:
-
Condo
5
2
~1158 sqft
$569,900
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Condo
5
2
~1158 sqft

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Highlights

Property Estimate

Days on market137 days

Estimated valueNot available

Price/Sqft$492/sqft

Monthly cost

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Description

Ideally located just steps from Wilfrid Laurier University and the University of Waterloo, this purpose-built 5 bedroom, 2 bathroom condo at 253 Lester St is a low-maintenance addition to any investor’s portfolio! With the potential to generate over $50,000 per year in gross rental income, this property offers strong cash flow and consistent year-round tenancy! The thoughtfully designed layout features a spacious open concept living area with an updated kitchen and a bright, welcoming common room - perfect for student living! Condo fees include heat, water and air conditioning, the building features parking, shared laundry facilities, elevator access and an unbeatable proximity to transit, shopping, restaurants and all major amenities! The unit also offers professional property management for a completely hands-off experience! A rare opportunity to own a turnkey investment in one of Waterloo’s most sought-after rental locations!


Property Details

Style1 Storey/Apt
View-
Age of property2009
SqFt~1158 SqFt
Lot Size36,626 SqFt(271.03 x 135.14)
Parking Spaces-
MLS ®Number40754136
Community NameColumbia
Data SourceITSO
Listing byKELLER WILLIAMS INNOVATION REALTY

Features

Heating: Forced Air, Natural Gas
Cooling: Central Air

Main Floor

Bedroom

3.53 x 2.67

Bedroom

4.22 x 2.54

Kitchen

3.94 x 3.48

Bedroom

3.23 x 3.00


Features

Lot size: 36,626 SqFt
Sewer (Municipal)

Amenities

Elevator(s)

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Jul 28, 2025
ListedActive
$569,900
137 days on market
history photo preview18
Listing by itso®
Property listed by KELLER WILLIAMS INNOVATION 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

50 days

Compared to

2024

40 days

2023

40 days

2022

26 days

New Listings

Past 30 days

26 listings

Compared to

2024

37 listings

2023

18 listings

2022

17 listings

Units sold

Past 30 days

9 units

Compared to

2024

11 units

2023

6 units

2022

10 units

Median Sold Price

Past 30 days

$370,000

Compared to

2024

$420,000

2023

$421,000

2022

$444,000


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