253 Lester Street #104, Waterloo, ON N2L 3W6, Waterloo, ON, N2L 3W6
MLS: X13031346 | Condo Apartment
$569,900
Property Description
Opportunity Knocks! Freshly painted and impeccably maintained, this ground-floor CORNER unit offers a truly hands-off investment in a high-demand area. Centrally located along the university hub - walking distance to both University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted, generating $3,800/month in rental income which totals a yearly income of $45,600. Tenancies are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. The building has recently added a brand-new onsite laundry facility, enhancing convenience for the tenants. A rare chance to step into a worry-free, income-producing property. Please see inclusions for furniture included.
Quick Facts
- Property Type: Condo Apartment
- Style: Apartment
- Bedrooms: 5 (5 above)
- Bathrooms: 2
- Attached: Yes
Costs
- Annual Taxes: $3,932.00 (2025)
- Condo/HOA Fee: $802.00
- Corp: WSCC
- Includes: CAC Included, Common Elements Included, Heat Included, Building Insurance Included, Water Included
Listing Provided by: CITYSCAPE REAL ESTATE LTD.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Central Air
- Basement: None
Exterior & Construction
- Style: Apartment
- Construction: Brick
Lot & Land
- Zoning: Residential
Listing Information
Listing History
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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253 Lester Street #104, Waterloo, ON N2L 3W6, Waterloo, ON, N2L 3W6