Condo for sale at 101-253 Lester Street, Waterloo, Ontario, N2L 3W6 - MLS: X12596864

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101-253 Lester Street

Waterloo, Ontario, N2L 3W6 -

$530,000

Neighbourhood
Major Intersection

University Ave W/Lester St

Listed Since: 210 day(s)
Last update: 14 day(s) ago

Overview

Property Type

Condo Apt, Apartment
Bedrooms

5
Bathrooms

2
Square Feet

1000-1199
Exposure

North West
Total Parking

n/a
Maintenance

$790
Taxes

$3,809.00 (2025)
Balcony

None

Property Description

Property description for 101-253 Lester Street, Waterloo

Room #1 - Vacant, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 Lester St has the potential to generate over $49,000/year in gross rental income with positive monthly cash flow. Just steps to Wilfrid Laurier University and the University of Waterloo, this high-demand location ensures consistent tenancy. Features include a spacious open-concept living area, two full baths, included furniture, and professional property management options for a completely hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and proximity to transit, shops, and amenities.

Listed by ROYAL LEPAGE SIGNATURE REALTY

Property details

MLS #

X12596864
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

16-30
Basement

None
View

n/a
Garage

None
Parking Type

None
Locker

None
Pets Permitted

Yes-with Restrictions
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Water
Property Management

WILSON BLANCHARD
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

X12596864
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

16-30
Basement

None
View

n/a
Garage

None
Parking Type

None
Locker

None
Pets Permitted

Yes-with Restrictions
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Water
Property Management

WILSON BLANCHARD
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Living

4.26 x 2.74 ft Main level
Dining

4.26 x 2.74 ft Main level
Kitchen

3.65 x 3.35 ft Main level
Br

3.96 x 2.43 ft Main level
2nd Br

3.35 x 2.43 ft Main level
3rd Br

3.04 x 2.74 ft Main level
4th Br

3.35 x 2.43 ft Main level
5th Br

3.65 x 2.43 ft Main level
Bathroom

1.82 x 1.21 ft Main level
Bathroom

1.21 x 1.21 ft Main level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 101-253 Lester Street, Waterloo

This property has been sold 8 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Condo Apt in Waterloo

Active listings

215

Average Selling Price of a Condo Apt

June 2026

$418,722

Last 3 Months

$407,045

Last 12 Months

$429,291

June 2025

$459,191

Last 3 Months LY

$457,811

Last 12 Months LY

$472,794

Change

-9%

Change

-11%

Change

-9%

Historical Average Selling Price of a Condo Apt in

Average Selling Price

3 years ago

$482,855

Average Selling Price

5 years ago

$405,516

Average Selling Price

10 years ago

$294,000

Change

-13%

Change

42%

How many days Condo Apt takes to sell (DOM)

June 2026

Last 3 Months

Last 12 Months

June 2025

Last 3 Months LY

Last 12 Months LY

Change

-5%

Change

18%

Average Selling price

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Closing Cost Calculator

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Total Cash flow for purchasing this property

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.