Unit 101 — 253 Lester Street
Waterloo, ONN2L 3W6Near University Ave W/Lester St
- 5 beds
- 2 baths
3 upcoming open houses
Drop in during an open house, or tour online — no appointment needed.
- Open houseDate TBDTime TBD
- Open houseDate TBDTime TBD
- Open houseDate TBDTime TBD
What this listing tells us
Room #1 - Vacant, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. 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.
Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.
- Room #1 - Vacant, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant.
Listing, price, and tax history
Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.
| Date | Event | Status | Price | Change | MLS® | View |
|---|---|---|---|---|---|---|
| Dec 3, 2025 | ListedCurrent | For sale | $530,000 | — | X12596864 | This page |
| Jun 28, 2025 | Previously listed | Ter | $569,000 | — | X12251603 | View |
| Jun 10, 2025 | Previously listed | Ter | $607,000 | — | X12210380 | View |
| May 14, 2025 | Previously listed | Ter | $549,000 | — | X12146541 | View |
| Nov 3, 2024 | Previously listed | Exp | $607,000 | — | X10405088 | View |
| Jun 14, 2024 | Previously listed | Exp | $607,000 | — | X8441966 | View |
Inside this property
Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.
Features & systems
Heating, cooling, parking, exterior, lot, possession, and more.
Systems
2- Heating
- Forced Air
- Air conditioning
- Central Air
Getting around, schools & the block
Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.
The money — monthly cost, mortgage & return
Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.
Cost of ownership
A monthly snapshot at typical assumptions — personalize the mortgage just below.
How this home sits in the Waterloo market
Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.
The Waterloo market right now
Average sold price, days on market, and closed-transaction count for Waterloo — sourced from MLS®.
- Avg sold price$776,069Last 30 days
- Median sold price$711,000Middle of the market
- Days on market27 dAvg from list to close
- Closed last 30d308MLS® transactions
We'll get you into Unit 101 — 253 Lester Street — the seller pays our commission
On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.
$0 to you. The seller pays our fee.
On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.
Property flags & disclosures
An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.
We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at Unit 101 — 253 Lester Street and found nothing flagged. We re-check automatically as new records publish.
Common questions about this property
Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.
How much is Unit 101 — 253 Lester Street listed for?
Unit 101 — 253 Lester Street is listed at $530,000 on the MLS® (listing X12596864). The price refreshes on Summitly within minutes of any MLS® change.
How many bedrooms, bathrooms, and square feet does Unit 101 — 253 Lester Street have?
Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
