Maintenance Fees
253 Lester Street vs The Downtown Waterloo Area
for sale
147 Days on Strata
- Est Sell Timeframe:
- 16 Days
101 - 253 Lester St
$569,000
5 Beds
2 Bath
0 Parking
1,158 SQFT
Price History
- Maintenance Fees:
- $790/mth
- Taxes:
- $3,538 (2024)
- Property Type:
- Condo
- Cost Per Sqft:
- $491/sqft
- Outdoor Space:
- None
- Locker:
- None
- Possession Date:
- TBD
- Exposure:
- North West
Amenities
No Data
About this Listing
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.
ExtrasFridge, Stove, Hood Fan, B/I Dishwasher. All Elfs & Window Coverings
royal lepage signature realtyMLS® #X12251603
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Included
- Air Conditioning
- Included
- Water
- Included
- Parking
- Not Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 13.98 x 8.99ft
- Dining
- 13.98 x 8.99ft
- Kitchen
- 11.98 x 10.99ft
- Bedroom
- 12.99 x 7.97ft
- 2nd Bedroom
- 10.99 x 7.97ft
- 3rd Bedroom
- 9.97 x 8.99ft
- 4th Bedroom
- 10.99 x 7.97ft
- 5th Bedroom
- 11.98 x 7.97ft
- Bathroom
- 5.97 x 3.97ft
- Bathroom
- 3.97 x 3.97ft
Buyer's Market
Balanced
Seller's Market
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Building Trends At 253 Lester Street
Days on Strata
Units at 253 Lester Street spend an average of
81
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
3%
below
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Downtown Waterloo
Turnover of Units
On average, each unit is owned for
N/A
Property Value
-25%
Decrease in property value within the past twelve months
Price Ranking
N/A
Highest price per SQFT out of 46 condos in the Downtown Waterloo area
Sold Units
1
Units were Sold over the past twelve months
Rented Units
0
Units were Rented over the past twelve months
Best Value Rank
253 Lester Street offers the best value out of 46 condos in the Downtown Waterloo neighbourhood
?
N/A
Appreciation Rank
253 Lester Street has the highest ROI out of 46 condos in the Downtown Waterloo neighbourhood
?
N/A
Rental Yield
253 Lester Street yields the highest rent prices out of 46 condos in the Downtown Waterloo neighbourhood
?
N/A
High Demand
253 Lester Street is the most popular building out of 46 condos in the Downtown Waterloo neighbourhood
?
N/A
Market Insights
Transaction Insights at 253 Lester Street
| 2 Bed | 3 Bed + Den | |
|---|---|---|
| Price Range | No Data | $568,000 |
| Avg. Cost Per Sqft | No Data | $450 |
| Price Range | No Data | No Data |
| Avg. Wait for Unit Availability | No Data | 263 Days |
| Avg. Wait for Unit Availability | No Data | No Data |
| Ratio of Units in Building | 7% | 87% |
Market Inventory
Total number of units listed and sold in Downtown Waterloo
