251 LESTER Street Unit# 203, Waterloo, Ontario, N2L3W6

Property Description

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:64974)

Quick Facts

• Property Type: Apartment (Condo)
• Bedrooms: 5 (5 above)
• Bathrooms: 2
• Living Area: 1,389 sq ft (129.0 m²)
• Above Grade: 1,389 sq ft (129.0 m²)
• Ownership: Condo/Strata
• Attached: Yes

Costs

• Annual Taxes: $4,356.03
• Condo/HOA Fee: $781.37 / monthly
• Includes: Heat, Water, Insurance

Listing Provided by: ROYAL LEPAGE SIGNATURE REALTY
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.