101 - 253 LESTER STREET, Waterloo

$509,000

For sale: Apartment

Apartment at 101 - 253 LESTER STREET, Waterloo
Property type
Condo Apartment
Bedrooms / bathrooms
5 bedrooms, 2 bathrooms
Living area
1,199 sqft
MLS®
MLS® X13575452

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.

Sold data

Apartment homes in Waterloo — recent sold market

Apartment homes in Waterloo took a median of 38 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 65, across 65 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.

The median sale price was $417,500.

Homes sold for about 4.4% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
38
Median sale price
$417,500
Sale-to-list ratio
95.6%
Sold above asking
8%

Based on 65 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Waterloo

Waterloo has 31 Fraser Institute–rated schools (27 elementary and 4 secondary), averaging 6.8/10.

Rated schools
31
Elementary
27
Secondary
4
Average rating
6.8 / 10

Top-rated schools in Waterloo

  • Millen Woods — elementaryFraser rating 8.9/10
  • Sir John A Macdonald — secondaryFraser rating 8.7/10
  • Abraham Erb — elementaryFraser rating 8.6/10
  • Laurelwood — elementaryFraser rating 8.5/10
  • Vista Hills — elementaryFraser rating 8.5/10
  • Mary Johnston — elementaryFraser rating 8.3/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 101 - 253 LESTER STREET