#104 - 253 Lester Street Waterloo, Ontario N2L 3W6
$569,900Maintenance, Common Area Maintenance, Heat, Insurance, Water
$802 Monthly
Maintenance, Common Area Maintenance, Heat, Insurance, Water
$802 MonthlyOpportunity 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 University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted, generating $3,800/month in rental income which totals a yearly income of $45,600. Tenancies are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. The building has recently added a brand-new onsite laundry facility, enhancing convenience for the tenants. A rare chance to step into a worry-free, income-producing property. Please see inclusions for furniture included. (id:61852)
Property Details
| MLS® Number | X12715914 |
| Property Type | Single Family |
| AmenitiesNearBy | Public Transit, Schools |
| CommunityFeatures | Pets Not Allowed |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Age | 11 To 15 Years |
| Appliances | Blinds, Dishwasher, Furniture, Stove, Refrigerator |
| BasementType | None |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FlooringType | Ceramic, Carpeted |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 1000 - 1199 Sqft |
| Type | Apartment |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Schools |
| ZoningDescription | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Flat | Living Room | Measurements not available | ||
| Flat | Dining Room | Measurements not available | ||
| Flat | Kitchen | Measurements not available | ||
| Flat | Bedroom | Measurements not available | ||
| Flat | Bedroom 2 | Measurements not available | ||
| Flat | Bedroom 3 | Measurements not available | ||
| Flat | Bedroom 4 | Measurements not available | ||
| Flat | Bedroom 5 | Measurements not available |
https://www.realtor.ca/real-estate/29273801/104-253-lester-street-waterloo
Interested?
Contact us for more information
Paulette Lawrence
Salesperson
885 Plymouth Dr #2
Mississauga, Ontario L5V 0B5
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January 21 2026 01:08:55
Toronto Real Estate Board
Cityscape Real Estate Ltd.