250 Lester Street, Unit 401

253 Lester St. #401 is a turnkey student rental investment property in the heart of Waterloo's university district. This spacious 5-bedroom, 2-bathroom condo is purpose-built for student living and delivers strong, consistent rental income with minimal effort. Just steps from Wilfrid Laurier University and the University of Waterloo, this location attracts reliable tenants year after year. The thoughtfully designed layout features approximately 1,158 sq ft of living space, including five generously sized bedrooms, two full bathrooms, and a large open-concept common area highlighted by an L-shaped kitchen and a bright living/dining room - perfect for gatherings, study sessions, or relaxing after class (recently updated with new furniture). Condo fees include heat and water, keeping operatin…

Property Type

Condo Apartment

Style

Apartment

Year Built

16-30

Heating

Forced Air

Cooling

Central Air

Basement

None

Annual Taxes

$3,809 (2025)

Maintenance Fee

$721/mo

MLS #

X13114208

Brokerage

Benjamins Realty Inc.

Days on Market

17 days

Estimated payment. Does not include property tax, insurance, or condo fees.

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