Updated 5+ Days Ago
Location
253 Lester St #2, Waterloo, ON N2L 3W6, CAN|Downtown Waterloo
Tour 253 Lester St #2
Contact
Wolverine Property Management Limited
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Property Overview
Modern condo with in-unit laundry, stainless steel appliances, balcony, and underground parking, plus building amenities like a gym, games room, and security system. Strong walkability to universities, restaurants, transit, and everyday conveniences makes it appealing for students, young professionals, and investors. Turnkey condition, modern finishes, and a dedicated parking spot further enhance both comfort and rental potential.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Great for
Work-from-home
Amenities for 253 Lester St #2, Downtown Waterloo
Apartment Amenities
| Air Conditioning | Central Air Conditioning |
| Central Heat | Furnished |
| Gas and Electric Included | Heat and AC Included |
| Laminate Floors | Laminate Kitchen Counters |
| Living Room | No Dogs |
| Open Floor Plan | Recently Rehabbed |
| Water & Sewer Included |
Appliances
| Dishwasher | In-Unit Laundry |
| Microwave | Refrigerator |
Tech
| Wireless Internet Included |
Building
| Controlled Access | Elevator |
| High Rise | No Smoking Building |
| Onsite Laundry | Pay Laundry Onsite |
Services
| Lawn Care Included | Snow Removal Included |
| Trash Removal Included |
Other
| No Cats |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 253 Lester St #2
At the heart of Waterloo's vibrant student community, 253 Lester Street is more than just a place to crash between classes -- it's where your university years come to life. With five spacious bedrooms and two bathrooms, this home is built for late-night study marathons, spontaneous pizza runs, and the kind of friendships that turn into lifelong memories. Every corner invites connection, from shared meals in the kitchen to quiet mornings sipping coffee before a busy day on campus. Just a short walk to both UW and Laurier, and steps from cafes, transit, and all the essentials, this is student living at its most convenient -- but with a warmth and energy that feels like home. At 253 Lester, you're not just renting a space -- you're writing your story, surrounded by laughter, learning, and the people who make it all unforgettable. 24 Hour Emergency Hotline Air Conditioner Biking Distance To School Bright Centrally Located Decent Sized Rooms Efficient Appliances Electronic Thermostat Fridge & Stove Oven Included In The Middle Of It All Microwave Included Near Bus Stops Near Connestoga College (Waterloo Campus) Near University Of Waterloo Near Wilfrid Laurier University (Waterloo Campus) Online Maintenance Portal Online Rent Payment Portal Onsite Coin Laundry Recycling Secure Resident Portal Tenant Pays Hydro View Walking Distance To Amenities Walking Distance To School Walking Distance To Shopping Wi Fi Included Window Coverings Apartment amenities Air Conditioner Electronic Thermostat Furnished Microwave Refrigerator View Window Coverings Community amenities 24 Hour Emergency Hotline All Tenants must have valid tenant insurance Biking distance to School Central Air Centrally Located Controlled Access/Gated Decent sized rooms Elevator Fridge & StoveOven Included High Speed Internet Laundry Facilities Located right near downtown Microwave Included Near Bus Stops Near Connestoga College (Waterloo Campus) Near the University of Waterloo Near Wilfrid Laurier University (Waterloo Campus) Nice unit No onsite parking Online maintenance portal Online rent payment portal Onsite coin Laundry Optional monthly parking in the community Private Student rooms with lockable doors Property Inspections Public Transportation Recycling Rent pay methods: BankEFT, E-transfer, VISA, MasterCard, Visa Debit, Debit Mastercard, Auto Pay Secure Resident Portal Shared common areas Student Housing is rented to Students only Summer Outside Maintenance Included Tenant pays Hydro Walking distance to Amenities Walking distance to School Wi-Fi Included Winter snow & ice maintenance included
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 253 Lester St #2 compares to other nearby properties.
Positives
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
Address details
| Neighborhood | Downtown Waterloo |
|---|---|
| Post code | N2L 3W6 |
| Type | Apartment for rent |
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Rent trends in Downtown Waterloo
studio apartments at 253 Lester St #2 cost about 6% more than the average rent price for studio apartments in Waterloo.
Median rents as of Jul 18 2026.
Downtown Waterloo
Waterloo
| Month | Median Rent |
|---|---|
| August 2024 | $895 |
| September 2024 | $895 |
| October 2024 | $895 |
| November 2024 | $895 |
| December 2024 | $895 |
| January 2025 | $895 |
| February 2025 | $895 |
| March 2025 | $895 |
| April 2025 | $895 |
| May 2025 | $825 |
| June 2025 | $795 |
| July 2025 | $795 |
| August 2025 | $788 |
| September 2025 | $795 |
| October 2025 | $795 |
| November 2025 | $795 |
| December 2025 | $795 |
| January 2026 | $920 |
| February 2026 | $795 |
| March 2026 | $795 |
| April 2026 | $795 |
| May 2026 | $786 |
| June 2026 | $784 |
| July 2026 | $795 |
| Month | Median Rent |
|---|---|
| August 2024 | $895 |
| September 2024 | $870 |
| October 2024 | $882 |
| November 2024 | $895 |
| December 2024 | $895 |
| January 2025 | $895 |
| February 2025 | $895 |
| March 2025 | $875 |
| April 2025 | $795 |
| May 2025 | $795 |
| June 2025 | $795 |
| July 2025 | $768 |
| August 2025 | $1,027 |
| September 2025 | $795 |
| October 2025 | $1,173 |
| November 2025 | $1,428 |
| December 2025 | $1,418 |
| January 2026 | $1,245 |
| February 2026 | $795 |
| May 2026 | $750 |
| June 2026 | $750 |
| July 2026 | $750 |
Affordability calculator
Can I afford to live at 253 Lester St #2?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$31,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,800 annually to afford this studio monthly rent price of $795.
For more information on rent affordability, visit our rent calculator.
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Internet available near 253 Lester St #2
Getting around Waterloo near 253 Lester St #2
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 253 Lester St #2, Waterloo
Groceries
8/10
Wide variety of groceries within a few minutes' walk
Shopping
7/10
Wide variety of shops within a short drive, including some within walking distance
Cafes
9/10
Wide variety of cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
8/10
Very large amount of park space within a few minutes' walk
Nightlife
7/10
Wide variety of bars within a short drive, including some within walking distance
Explore the area around 253 Lester St #2
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BulkBarn
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Walmart Supercentre
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Sobeys
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Bart & Maria Tailoring
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Unique Boutique
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Express Tailor
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Nadia's Jewellery
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Kindred Spirit
34 King St N
Second Cup
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Now Tea
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Williams Fresh Cafe
170 University Ave W
Starbucks
200 University Ave W
Tim Hortons
151 Columbia St W
Molly Bloom's Irish Pub
170 University Ave W
Williams Fresh Cafe
170 University Ave W
Pin Up Arcade Bar
247 King St N
Morty's Pub
272 King St N
Ethel's Lounge
114 King St N
Popeye's Supplements
158 University Ave W
St Cinnamon Bakery Cafe
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Just Love Pie
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The Crumby Cookie Dough Company Inc
8 Regina St N
Brady's Meat & Deli
465 Phillip St
WLU Quad
Veterans' Green
Park
Garden
Graduate House Green
Foodie Fruitie
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Song Shi Fu Lan Zhou La Mian Inc
203 Lester St
Asa Kusa
150 University Ave W
Burger King
150 University Ave W
Grace & Healthy Dumpling
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