$539,900
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#104 253 Lester Street, Waterloo, ON N2L3W6

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5 Beds
2 Baths
- Sq Ft

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 the University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted. Three rooms are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. Two additional rooms have leases ending August 2026, offering the potential for new tenants at rates of up to $900 per room. The property currently generates $3, 800/month in rental income, totaling $45, 600 annually. The building has recently added a brand-new onsite laundry facility, enhancing convenience for tenants and boosting overall appeal .A rare chance to step into a worry-free, income-producing property in one of Waterloo's most sought-after student rental locations. Please see inclusions for furniture included. (id:58753)

Listing By: PAULETTE LAWRENCE - CITYSCAPE REAL ESTATE LTD. cncrea2 Realty.com
  • MLS® X13031346
  • Date Listed04/22/2026
  • Days on Realty 44 Days
  • Bedrooms 5
  • Bathrooms 2 baths
  • Lot Size -

Interior Features

  • Appliances Refrigerator, Dishwasher, Stove, Blinds, Furniture
  • Flooring Carpeted, Ceramic
  • Cooling Central air conditioning
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: University/Lester. ** Directions: from Lester st and university ave w. Head south on Lester St for 1 -2 minutes. 253 Lester will be on your right hand side.

Schools near N2L3W6

Explore the local neighborhood highlights and top-rated schools near N2L3W6 in Waterloo, ON.

Nearby Schools

Source: School Digger

Tc Holbrook Elementary School

Public • 1 - 4 • Serves this home

3.12 km

Distance

Neff Early Childhood Center

Public • PK - PK

3.12 km

Distance

Willow Ridge Elementary School

Public • PK - 4

6.22 km

Distance

Delta Center Elementary School

Public • PK - 4

8.73 km

Distance

Delta Mills Early Childhood Center

Public • PK - KG

10.02 km

Distance

Wacousta Elementary School

Public • 1 - 6

11.82 km

Distance

Kenneth T Beagle Middle School

Public • 7 - 8 • Serves this home

2.68 km

Distance

Leon W. Hayes Intermediate School

Public • 5 - 6

6.22 km

Distance

Grand Ledge High School

Public • 9 - 12 • Serves this home

3.12 km

Distance

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

74/100

Very Walkable

Walk Score ®

69/100

Good Transit

Transit Score ®

98/100

Biker's Paradise

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. 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: 50/100, Transit Score: 41/100, Bike Score: 61/100.

Points of Interest near #104 253 LESTER STREET, Waterloo, ON N2L3W6

Frequently Asked Questions for #104 253 LESTER STREET

Source: Realty.com

#104 253 LESTER STREET, Waterloo, ON N2L3W6 in Waterloo, ON N2L3W6 is a apartment listed at $539,900. Highlights include 5 bedrooms, 2 bathrooms, HOA fee $802 Monthly. Realty.ca has 10 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 10 photos of #104 253 LESTER STREET.

The full address for this home is #104 253 LESTER STREET, Waterloo, ON N2L3W6.

#104 253 LESTER STREET has been listed on Realty.com since Wed April 22, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 50/100, Transit Score: 41/100, Bike Score: 61/100.

There are 3 schools assigned to this home. Check out the schools near #104 253 LESTER STREET. Tc Holbrook Elementary School (Grades: 1 - 4), Kenneth T Beagle Middle School (Grades: 7 - 8), Grand Ledge High School (Grades: 9 - 12)

Listing provided courtesy of: CITYSCAPE REAL ESTATE LTD.
Listing agent: PAULETTE LAWRENCE

This content last refreshed on 2026-06-05 06:12:33. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.