About this property

Generating over $53,000/year in Gross Revenue, this powerhouse of a student rental is a guaranteed money maker and one of the best passive investment models in the Waterloo Region. Walking distance to both Laurier and UW, theres no shortage of students eager to move here, and many stay for the duration of their education. With 5 bedrooms, 2 full bathrooms, and a massive open-concept living area, the attention to detail and practicality of construction in this purpose-built property make ownership a breeze. Even the furniture is included for a completely seamless and hassle-free tenant turnover. And the condo fees include Heat and Water for your peace of mind. Fully tenanted with the loveliest undergrads, there are 4 leases in place through to August 2026, and one lease ending in Aug 2025. Opt-in to the professional Property Management for a completely hands-off investment approach that delivers positive cashflow every single month.With ample parking located behind the property, a shared laundry area, an elevator for accessibility, close to eateries and amenities and transit, 253 Lester Street sure is a low risk income property to slide into your portfolio. Let's get you in for a closer look soon.

Features & finishes

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Property details

MLS® Number	X12037147
Status	Sold
Listing Type	For Sale
Property Type	Condo
Interior Size	1,200 sq ft
Beds / Baths	5 bed · 2 bath
Locker	None
Exposure	East
Balcony	None
City	Waterloo
Postal Code	N2L 3W6
Province	ON
Listed Date	March 4, 2026
Brokerage	Trilliumwest Real Estate Brokerage Ltd