253 Lester Street Unitno. 401, Waterloo ON

About 253 Lester Street Unitno. 401

253 Lester St. No.401 is a turnkey student rental investment property in the heart of Waterloo’s university district. This spacious 5-bedroom, 2-bathroom condo is purpose-built for student living and delivers strong, consistent rental income with minimal effort. Just steps from Wilfrid Laurier University and the University of Waterloo, this location attracts reliable tenants year after year. The thoughtfully designed layout features approximately 1,158 sq ft of living space, including five generously sized bedrooms, two full bathrooms, and a large open-concept common area highlighted by an L-shaped kitchen and a bright living/dining room — perfect for gatherings, study sessions, or relaxing after class (recently updated with new furniture). Condo fees include heat and water, keeping operating costs low. The building offers elevator access, a brand-new onsite laundry facility for added tenant convenience, central air conditioning, and proximity to public transit, shopping, restaurants, and all essential amenities. Street parking and additional building parking options are available. Whether you’re an experienced investor or looking for your first student rental property, this unit offers hands-off potential with proven gross rental income potentially exceeding $45,000 per year (based on current market rents in the building). Many similar units in the complex are fully tenanted with long-term leases, delivering stable cash flow in this ever-growing university hub. Don’t miss your chance to own a worry-free (excellent onsite management available), income-generating property in one of Waterloo’s most sought-after student locations. Schedule your viewing today! (id:56071). Get more information on 253 Lester Street Unitno. 401

Property Features

Appliances:  Microwave, Refrigerator, Stove
Features:  No Pet Home
Rental Equipment:  
Zoning Description:  GR
Interior Size:  1158 sqft
Access:  Highway access
Lot:  Unknown
Exterior Finish:  Stucco
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   / Central air conditioning
Age:  2009
Constructed Date:  2009
Basement:  None

Rooms & Sizes

Bedroom Main level 14 3 x 7 6	Bedroom Main level 8 5 x 11 5	Bedroom Main level 8 8 x 11 9
Bedroom Main level 11 0 x 8 8	Bedroom Main level 8 5 x 11 0	4pc Bathroom Main level Measurements not available
4pc Bathroom Main level Measurements not available	Dining room Main level 14 11 x 9 5	Living room Main level 14 11 x 9 3
Kitchen Main level 12 11 x 11 5