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253 Lester Street 101, Waterloo, ON N2L 3W6 | Condo Apartment for Sale in Waterloo | CondoPoint | CondoPoint

$509,000

253 Lester Street 101, Waterloo, ON N2L 3W6

5Bedrooms

2Bathrooms

0Parking

Key Highlights

Property TypeResidential Condo & Other

Property Sub TypeCondo Apartment

CityWaterloo

NeighbourhoodWaterloo

Days on Market8 Days

ExposureNorth West

LockerEnsuite+Common

Property Description

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, t...

Property Details

Construction MaterialsBrick

Approximate Age0

MLS StatusNew

MLS #X13575452

Annual Taxes$3,950

Maintenance Fees$802

Maintenance Fee IncludesHeat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included

Cross StreetsUniversity Ave W/Lester St

Interior Features

HeatingForced Air (Gas)

CoolingCentral Air

Exterior Features

Architectural StyleCondo Apartment

Pets AllowedYes-with Restrictions

Exterior FeaturesBrick

Map

Room Details

Room Name	Size (ft)	Level
Dining Room	2.74 x 4.26	Main
Living Room	2.74 x 4.26	Main
Bathroom	1.21 x 1.21	Main
Kitchen	3.35 x 3.65	Main
Bedroom 3	2.74 x 3.04	Main
Bedroom 5	2.43 x 3.65	Main
Bathroom	1.21 x 1.82	Main
Bedroom 2	2.43 x 3.35	Main
Bedroom 4	2.43 x 3.35	Main
Bedroom	2.43 x 3.96	Main

Mortgage Calculator & Financial Insights

Estimated Paymentmonthly

$3,395 / month

Req. Household Income

$127,294/yr

Est. Upfront Cash

$105,955

Down Payment (20%)$101,800

5% ($25,450)50% ($254,500)

Interest Rate4.50%

Amortization Period

Monthly Payment Breakdown

Principal & Interest

$2,263

Property Taxes

$329

Maintenance Fees

$802

Req. Household Income (32% GDS):$127,294/yr

* Disclaimer: Estimated calculations for informational purposes only. Actual payments may vary based on lender approval, interest rates, taxes, insurance, and other applicable costs.