Waterloo, ON · · MLS® X13126804Updated
$497,999Est. $2,447/mo mortgage
253 Lester St #204 is a 5-bedroom, 2-bathroom condo in Waterloo, listed for $497,999. It has 1200-1399 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Calling all investors, Motivated seller! An Exceptional Investment Opportunity Awaits! This Fully Furnished Property, Just Minutes From The University Of Waterloo And Wilfred Laurier University, Features 5 Spacious Bedrooms And 2 Full Bathrooms, With A Large Common Area Including L Shaped kitchen And Spacious Bright Living Room. Walking Distance To Shopping, Restaurants, And Many Other Amenities. Buyer to assume the property management service agreement and have the option to Opt out at the end of the term.
5 bedrooms, 2 bathrooms, about 1,200 sq ft, works out to roughly $415 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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271 Lester Street
5 bd · 2 ba · Condo
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8 Hickory Street
4 bd · 4 ba · Condo
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253 Lester Street
5 bd · 2 ba · Condo
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261 Lester Street
5 bd · 2 ba · Condo
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251 Lester Street
5 bd · 2 ba · Condo
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392 Albert Street
5 bd · 2 ba · Condo
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This homeUnit 204 — 253 Lester Street 5 bd · 2 ba · 1,200 sqft | $497,999asking | $415 | — | — |
| 271 Lester Street 5 bd · 2 ba · 1,200 sqft | ||||
| 8 Hickory Street 4 bd · 4 ba · 2,000 sqft | ||||
| 253 Lester Street 5 bd · 2 ba · 1,200 sqft | ||||
| 261 Lester Street 5 bd · 2 ba · 1,200 sqft | ||||
| 251 Lester Street 5 bd · 2 ba · 1,200 sqft | ||||
| 392 Albert Street 5 bd · 2 ba · 1,400 sqft |
5 bd · 2 ba · 1,200 sqft
4 bd · 4 ba · 2,000 sqft
5 bd · 2 ba · 1,200 sqft
5 bd · 2 ba · 1,200 sqft
5 bd · 2 ba · 1,200 sqft
5 bd · 2 ba · 1,400 sqft
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From 253 Lester St #204. Typical times without traffic delays; transit times aren't available yet.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
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20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Listing brokerage: PROPERTY.CA INC., BrokerageMLS® X13126804 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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.
Other 5-bed homes for sale in Waterloo around $498K.
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Every active Waterloo MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 418 sales from Aug 1 – Oct 30, 2026 (298 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
1 for sale at 253 Lester St — plus its sale and lease history.
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253 Lester St #204 is listed at $497,999 (MLS® X13126804). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Waterloo. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Yes — it was first listed at $549,990 and is now $497,999, a drop of $51,991 (9.5%).
253 Lester St #204 has 5 bedrooms and 2 bathrooms, with about 1,200–1,399 square feet of living space. It is a condo in Waterloo.
The nearest rapid-transit station is University of Waterloo Station (ION), about 510 m (about a 6-minute walk) in a straight line. Laurier - Waterloo Park Station is about 530 m (about a 7-minute walk), and Research and Technology Station is about 1.2 km (about a 15-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
About $2,447 a month — principal and interest on $497,999 with 20% down ($99,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Its asking price of $497,999 is about 29% below the median sold price in Waterloo over the last 90 days, $697,500, across 418 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 253 Lester St #204 on record from the last two years. Older records aren't shown under TRREB rules.
253 Lester St #204 is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
169 days — 253 Lester St #204 was listed on May 14, 2026.
About $356 to $415 per square foot: the asking price of $497,999 over the 1,200–1,399 sq ft the listing gives as its size range.
The listing says 253 Lester St #204 has no basement.
