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Ontario > Waterloo > 101-253 Lester Street

101-253 Lester Street, Waterloo, ON

Waterloo
University Ave W/Lester St
5 Br | 2 Bath | 1000-1199 Sqft
$530,000 For Sale

Property Overview

  • Condo Apartment — Apartment
  • SqFt: | 1000-1199 Sqft
  • Monthly Fee: $790/mo
  • Fee Includes: Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included
  • Exposure: North West
  • Balcony: None
  • Locker: None
  • Ensuite Laundry: No
  • Age: 16-30 Years
  • Taxes: 3,809 / 2025
  • MLS #: X12596864
  • Heat Source: Gas , Forced Air

Property Description

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.

Fridge, Stove, Hood Fan, B/I Dishwasher. All Elfs & Window Coverings

Property Details

  • For: For Sale
  • Type: Condo Apartment
  • Style: Apartment
  • Region: Waterloo
  • Hood: Waterloo
  • Pets Allowed: Yes-with Restrictions

Building Details

  • Condo Corp #: 641
  • Association: WSCC
  • Management: CIE Property Management
  • Age: 16-30 Years
  • Exterior: Brick
  • Heat: Gas , Forced Air
  • A/C: Central Air
  • Total Parking: 0.00
  • Parking Features: Underground
  • Locker: None

Property Interior

  • Sqft: 1000-1199 Sqft
  • Bed: 5
  • Bath: 2
  • Kitchen: 1
  • Ensuite Laundry: No
  • Interior Features: Other
Rooms Details

Living Room

Main Level

4.26 x 2.74

Dining Room

Main Level

4.26 x 2.74

Kitchen

Main Level

3.65 x 3.35

Bedroom

Main Level

3.96 x 2.43

Bedroom 2

Main Level

3.35 x 2.43

Bedroom 3

Main Level

3.04 x 2.74

Bedroom 4

Main Level

3.35 x 2.43

Bedroom 5

Main Level

3.65 x 2.43

Bathroom

Main Level

1.82 x 1.21

Bathroom

Main Level

1.21 x 1.21

Property Listed by: ROYAL LEPAGE SIGNATURE REALTY
Virtual Tour: n/a

Home Valuation Estimate

What is 101-253 Lester Street, Waterloo, ON worth in today’s Waterloo condo market?

This HomeZira valuation preview helps buyers and sellers review the asking price for this 5-bedroom Condo Apartment with 1000-1199 sq. ft. in Waterloo. The full estimate considers the condo’s location, property type, bedroom count, size range, building age, maintenance fee, and nearby comparable market activity after sign-in.

Condo-specific estimate See a valuation range built around this unit’s local condo profile.
Comparable condo context Review how similar nearby condo units help frame market value.
Fee and building factors Consider size, age, bedroom count, parking, locker, and maintenance-fee context.

This listing shows a $790/mo maintenance fee, which can be an important part of condo value comparison because monthly costs affect affordability and buyer demand.

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Location

  • Address: 101-253 Lester Street
  • Neighborhood: n/a
  • Zip/Postal Code: N2L 3W6
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Mortgage Calculator

Mortgage Amount:$0
Monthly Mortgage (est.):$0
Payment (per period): $0
Estimated Monthly Total*$0
*Monthly total = monthlyized mortgage payment + taxes/12 + condo fee.

Kazi Hossain

Kazi — Serving the Community for 19 Years!
REALTOR®

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About 101-253 Lester Street, Waterloo

Located at 101-253 Lester Street, Waterloo, ON (Waterloo), near University Ave W/Lester St, this condo offers a balanced mix of comfort and day-to-day practicality. Inside, you’ll find Condo Apartment, 5 bedrooms, 2 bathrooms and approximately 1000-1199 sq.ft. of interior space. North west exposure for consistent daylight, with an none balcony that extends the living space outdoors. Everyday convenience includes 0 underground parking spots, an owned locker and ensuite laundry: No. The condominium budget is straightforward, with monthly fees of $790/mo and coverage for Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included. The building is TSCC #641 and CIE Property Management managing the property. It is currently listed at $530,000. MLS® X12596864.

Condo FAQs for 101-253 Lester Street, Waterloo, ON , Waterloo

What are the listing details for 101-253 Lester Street, Waterloo, ON?
101-253 Lester Street, Waterloo, ON is a Condo Apartment for sale in Waterloo, Waterloo. The current list price is $530,000. MLS number: X12596864.
How many bedrooms and bathrooms does this condo have?
101-253 Lester Street, Waterloo, ON is listed as a Condo Apartment with a ["Apartment"] style, featuring 5 bedroom(s) and 2 bathroom(s). The listed interior size range is 1000-1199 sq. ft..
What is the monthly condo fee for this listing?
The listed monthly maintenance fee is $790/mo. The listing shows the fee includes: ["Heat Included","Water Included","CAC Included","Common Elements Included","Building Insurance Included"].
What parking, locker, balcony, and exposure details are shown?
Total parking is listed as 0 space(s). Locker is listed as: None. Balcony type is listed as: None. Exposure is listed as: North West.
What building or condo corporation details are listed?
Condo corporation number: 641. Property management company: CIE Property Management.
Where is this condo located?
101-253 Lester Street, Waterloo, ON is located in Waterloo. The listed cross street is University Ave W/Lester St. Annual taxes are listed as $3,809 / 2025. The public listing page shows active listing information only and does not include sold prices in this FAQ.

FAQ content is based on current active condo listing fields shown on this page. Sold prices, sold comparables, and VOW-only details are not included in this public FAQ.