101-253 Lester Street, Waterloo ON N2L 3W6

Room #1 – vacating end of December, #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.