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Copyright © 2026 The Canadian Home Realty Inc.
  • Ontario
  • Waterloo
  • 253 Lester Street
253-lester-street-waterloo-ontario-x13305578
253-lester-street-waterloo-ontario-x13305578
253-lester-street-waterloo-ontario-x13305578
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  • For Sale Added 4 days ago
  • Condo Apt

407 - 253 Lester Street

Waterloo
  • 5 Bedrooms
  • 2 Bathrooms
  • 0 Garage
  • Share
Listed for: $ 514,900
Estimated Price: $ 505,831
1.76%
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Key Facts About 407 - 253 Lester Street, Waterloo

  • Tax $3,809 / 2025
  • Property Type Condo
  • Building Type Condo Apt
  • Building Style Apartment
  • Maintenance Fees $721.42
  • Size 1000 - 1199 feet²
  • Basement Apartment
  • Listing # X13305578
  • Data Source PROPTX
  • Days on Market 3
  • Listed On 06/06/2026
  • Updated On 06/06/2026
  • Market Demand
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Description

253 Lester St. #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 larg

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Property Details of 407 - 253 Lester Street, Waterloo

Property

  • Property Type Condo Apt
  • Style Apartment
  • Municipality Waterloo

Inside

  • Bedrooms 5
  • Bathrooms 2
  • Basement Apartment
  • Kitchen 1
  • Rooms 2
  • Family Rooms N
  • Central Vac N
  • Fireplace N

Utilities

  • Cooling Central Air
  • Heating Type Forced Air
  • Heating Fuel Gas

Building

  • Size 1000 - 1199 feet²
  • Architecture Style Apartment
  • Exterior Feature Stucco (Plaster)

Parking

  • Garage 0
  • Total Parking Places 0

Land

  • Cross Street University and Lester

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Our Estimate

See Real Estate Market Trends in Waterloo

Estimated Home Value

$ 505,831

Date of Estimation

06-Jun-2026

Estimated Rent

$ 2,939

Rental Yield

6.08%

School Score

7.9/10

Rental Score

5/5

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Expense Breakdown

Monthly Mortgage Payment

$0/monthly

30 Year , 3.99% interest

Cash Expenditure for Home Purchase

$1,100

  • Downpayment
    $0
  • PST on Mortgage Insurance
    $0
  • Land Transfer Tax
    $0
  • Lawyer Fees
    $1,000
  • Title Insurance
    $0
  • Estoppel Certificate Fee
    $100

Monthly Expenses After Home Purchase

$1,290

  • Mortgage Payment
    $0
  • Property Insurance
    $50
  • Property Tax
    $250
  • Phone
    $40
  • Monthly debt payments
    $0
  • Cable
    $60
  • Utilities
    $124
  • Internet
    $45
  • Maintenance Fees
    $721
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Copyright:© The Canadian Home Realty Inc. All rights reserved. The Canadian Home Realty Inc is a registered real estate brokerage.

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About 407 - 253 Lester Street, Waterloo

It is a 5 bedroom, 2 bathroom, Condo Apt property located at Waterloo. 253 Lester Street has no garage, and has 0 parking places. Forced Air, Gas heating systems are used in heating/cooling systems for 253 Lester Street, Waterloo. This property which is located in Lester Street does not have a pool. This property located in Waterloo doesn't have a fire place.

FAQs About 407 - 253 Lester Street, Waterloo

How many bathrooms does this property have?

This property features 2 bathroom(s) and 5 bedroom(s).

Does this 5 bedroom property have additional bedrooms or a den?

This Condo Apt property does not have an additional bedroom or a den.

What is the square footage (sqft) of this Condo Apt property?

The total square footage of this Condo Apt 5 bed property in Waterloo is 1000 - 1199.

How many parking spaces are available with this property?

There are no parking spaces available with this property.

How many cars can be parked in the garage of 253 Lester Street?

This property does not feature a garage.

What type of garage does this property have?

Information about the garage type is not provided.

Does this property have a basement?

Yes, this property has a basement.

What type of basement is it?

This property features Apartment basement.

Does this property have a swimming pool?

It is not specified whether this property has a swimming pool.

Does this property have a fireplace?

There is no fireplace in this property.

How many kitchens does this property have?

This property includes 1 kitchen(s).

Is there a maintenance fee associated with this property?

Yes, it has an annual maintenance fee of $721.42.

Is this property furnished?

Information about whether this property is furnished is not available.

What type of heating system is in place?

The heating system in place is a Forced Air.

What utilities are available for this property?

Information about utilities is not available.

School Rating for 407 - 253 Lester Street, Waterloo

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Listing History

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