#104 - 253 LESTER STREET, Waterloo, Ontario, N2L3W6

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. (id:64974)

Quick Facts

• Property Type: Apartment (Condo)
• Bedrooms: 5 (5 above)
• Bathrooms: 2
• Ownership: Condo/Strata
• Attached: Yes

Costs

• Annual Taxes: $3,932.00
• Condo/HOA Fee: $802.00 / monthly
• Corp: Rentcorp Property Management Inc.
• Includes: Common Area Maintenance, Heat, Water, Insurance

Listing Provided by: CITYSCAPE REAL ESTATE LTD.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.