Room #1 - Vacant, #2 - $825, ending Aug 26, 2025, #3 Vacant, #4 - $850, monthly, #5 - $825, ending Aug 26, 2025. 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.
Source: CREA
Brokerage: Condo Culture, Brokerage
MLS: 40746169
Monthly Mortgage Payment *
$0.00
*Please note this is an estimate and is for educational purposes only. A variety of factors may affect your real world rates, the mortgage amount you qualify for and your monthly payments. Never rely on information or assumptions provided by the calculator to make financial decisions. It is always important to speak with an accredited mortgage professional for advice before making any decisions.
Need more information?