$499,900
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253 Lester Street Unit# 401, Waterloo, ON N2L3W6

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5 Beds
2 Baths
1,158 Sq Ft

253 Lester St. #401 is a turnkey student rental investment property in the heart of Waterloos university district. This spacious 5-bedroom, 2-bathroom condo is purpose-built for student living and delivers strong, consistent rental income with minimal effort. Just steps from Wilfrid Laurier University and the University of Waterloo, this location attracts reliable tenants year after year. The thoughtfully designed layout features approximately 1, 158 sq ft of living space, including five generously sized bedrooms, two full bathrooms, and a large open-concept common area highlighted by an L-shaped kitchen and a bright living/dining room perfect for gatherings, study sessions, or relaxing after class (recently updated with new furniture). Condo fees include heat and water, keeping operating costs low. The building offers elevator access, a brand-new onsite laundry facility for added tenant convenience, central air conditioning, and proximity to public transit, shopping, restaurants, and all essential amenities. Street parking and additional building parking options are available. Whether youre an experienced investor or looking for your first student rental property, this unit offers hands-off potential with a proven gross rental income of $42, 000 per year (all units under lease), delivering stable cash flow in this ever-growing university hub. Dont miss your chance to own a worry-free (excellent onsite management available), income-generating property in one of Waterloos most sought-after student locations. Schedule your viewing today! (id:58753)

Listing By: JOHN BENJAMINS - BENJAMINS REALTY INC.
Source: CREA #40822088 Listing provided courtesy of Canadian Real Estate Association
  • MLS® 40822088
  • Date Listed04/20/2026
  • Days on Realty 158 Days
  • Bedrooms 5
  • Bathrooms 2 baths
  • Lot Size -
  • Sewer Public Sewer
  • Subdivision 417 - Beechwood/University
  • Property Type Apartment
  • Year Built 2009
  • Water Public
  • Square Feet 1,158 sq. ft
  • Price Per Sq. Ft $431.69

Interior Features

  • Appliances Refrigerator, Stove, Microwave
  • Cooling Central air conditioning
  • Heating Forced air

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features No Pet Home

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N2L3W6

Discover key demographics, population statistics, and environmental insights for the Waterloo, ON area.

Walkability in ON / N2L3W6

Source: Walk Score

57/100

Somewhat Walkable

Walk Score ®

70/100

Excellent Transit

Transit Score ®

94/100

Biker's Paradise

Bike Score ®

Overview

Some errands can be accomplished on foot. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

Transit Summary

18 nearby routes: 17 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 52/100, Transit Score: 42/100, Bike Score: 62/100.

Points of Interest near 253 LESTER Street Unit# 401, Waterloo, ON N2L3W6

Frequently Asked Questions for 253 LESTER Street Unit# 401

Source: Realty.com

253 LESTER Street Unit# 401, Waterloo, ON N2L3W6 in 417 - Beechwood/University, Waterloo, ON N2L3W6 is a apartment listed at $499,900. Highlights include 5 bedrooms, 2 bathrooms, 1,158 sq. ft., built in 2009, $432 per sq. ft., HOA fee $721 Monthly. Realty.ca has 23 photos, sales history, school insights, and mortgag...

Realty.com has 23 photos of 253 LESTER Street Unit# 401.

Our records indicate that 253 LESTER Street Unit# 401 was built in 2009.

The full address for this home is 253 LESTER Street Unit# 401, Waterloo, ON N2L3W6.

253 LESTER Street Unit# 401 has been listed on Realty.com since Mon April 20, 2026

Some errands can be accomplished on foot. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 52/100, Transit Score: 42/100, Bike Score: 62/100.

This content last refreshed on 2026-09-25 13:55:27. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.