253 Lester Street #503, Waterloo
Generating over $53,000/year in Gross Revenue, this powerhouse of a student rental is a guaranteed money maker and one of the best passive investment models in the Waterloo Region. Walking distance to both Laurier and UW, theres no shortage of students eager to move here, and many stay for the duration of their education. With 5 bedrooms, 2 full bathrooms, and a massive open-concept living area, the attention to detail and practicality of construction in this purpose-built property make ownership a breeze. Even the furniture is included for a completely seamless and hassle-free tenant turnover. And the condo fees include Heat and Water for your peace of mind. Fully tenanted with the loveliest undergrads, there are 4 leases in place through to August 2026, and one lease ending in Aug 2025. Opt-in to the professional Property Management for a completely hands-off investment approach that delivers positive cashflow every single month.With ample parking located behind the property, a shared laundry area, an elevator for accessibility, close to eateries and amenities and transit, 253 Lester Street sure is a low risk income property to slide into your portfolio. Let's get you in for a closer look soon.
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253 Lester Street, Waterloo, ON N2L 3W6
Source: Ontario school information and student demographics - grade 3 and 6 EQAO student achievements for reading, writing and mathematics, grade 9 EQAO academic and applied student achievements, grade 10 OSSLT student achievement | Open Government Licence - Ontario
Disclaimer: The property is not necessarily in the boundary of the schools shown above. There may be other, closer schools available that are not listed in the source, or the property can be in the boundary of farther schools that are not shown on this map. This tool is designed to provide the viewer an overview of the ratings of nearby public schools, and does not suggest association to school boundaries. To view all schools and boundaries please visit the respective district school board's website.
For further information and school ranking visit Fraser Institution and EQAO.
Based on last 90 days transactions for Condo Apartment Properties in the community.
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253 Lester Street is a Condo Property located in the city of Waterloo. 253 Lester Street has been listed For Sale at $585,000 since Mar 24 2025. This Condo Apartment has 5 bedrooms, 2 bathrooms and is 1200-1399 sqft. , with the nearest intersection being University and Lester.
Listing Brokerage: Trilliumwest Real Estate Brokerage Ltd