LEASES: ROOM#1 - $900, ending AUG 26, 2027. ROOM#2 - $750, ending AUG 25, 2028. ROOM#3 - $900, ending AUG 26, 2027. ROOM#4 - $850, ending AUG 25, 2026. ROOM#5 - $900, ending AUG 26, 2027. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St has the potential to generate over $51,000/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 facilities, elevator access, and proximity to transit, shops, and various amenities. (id:4069)
Address
251 LESTER Street Unit# 203
List Price
$529,000
Property Type
Single Family
Type of Dwelling
Apartment
Transaction Type
Sale
Area
Ontario
Sub-Area
Waterloo
Bedrooms
5
Bathrooms
2
Floor Area
1,389 Sq. Ft.
Maint. Fee
$781.37
MLS® Number
40783717
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Basement Area
None
Postal Code
N2L3W6
Zoning
GR
Site Influences
Place of Worship, Public Transit
Features
Southern exposure, Laundry- Coin operated
