271 LESTER Street Unit# 102, Waterloo, Ontario, N2L3W6
MLS: 40805174 | Apartment (Condo)
$549,900
Property Description
Prime Investment Opportunity – Fully Furnished 5-Bedroom Unit Near Universities. Monthly Rental Income: $4,300 | Low Condo Fees | Covered Parking Included This turn-key 5-bedroom, 2-bathroom condo offers an exceptional investment opportunity in a highly sought-after building, steps from University of Waterloo and Wilfrid Laurier University. Designed to maximize rental income, this unit comes fully furnished with zero property management fees, ensuring hassle-free cash flow from day one.Key Features include: Spacious Living Area: Open-concept living, dining, and kitchen, fully furnished with modern finishes. Five Bedrooms: Each bedroom features large windows and under-bed storage, dresser drawers, providing functional and comfortable living spaces for tenants. Secure Building: 24-hour security and a well-managed building ensure a safe environment and high tenant retention. Prime Location: Walk to campus, shopping, restaurants, and other local amenities. Parking: Rarely available in this building, included with the unit. Included Furnishings & Appliances: Refrigerator, stove, dishwasher, microwave, hood fan, beds with mattresses, desks with chairs, under-bed storage cabinets, dining table with chairs, couch, chairs, coffee table, window coverings, and lighting fixtures. Perfect for investors seeking a reliable, high-demand rental property, this unit offers immediate possession and consistent income with a 6.23% Cap Rate. (id:64974)
Quick Facts
- Property Type: Apartment (Condo)
- Bedrooms: 5 (5 above)
- Bathrooms: 2
- Living Area: 1,307 sq ft (121.4 m²)
- Above Grade: 1,307 sq ft (121.4 m²)
- Year Built: 2009
- Ownership: Condo/Strata
- Attached: Yes
- Parking: 1.0 space (Covered)
- Frontage: 106 ft (32.3 m)
Costs
- Annual Taxes: $3,726.00
- Condo/HOA Fee: $696.70 / monthly
- Includes: Common Area Maintenance, Landscaping, Property Management, Heat, Water, Insurance, Residential Manager
Listing Provided by: RE/MAX SOLID GOLD REALTY (II) LTD.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air
- Cooling: Central air conditioning
- Basement: None
- Appliances: Refrigerator, Dishwasher, Stove, Microwave, Hood Fan, Window Coverings
- Utilities: Natural Gas, Cable
- Security: Security system, Smoke Detectors
Exterior & Construction
- Exterior: Brick
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 106 ft (32.3 m)
- Features: Conservation/green belt, Paved driveway, Recreational, No Pet Home
- Zoning: (H) RN-12
Community & Neighbourhood
- Subdivision: 417 - Beechwood/University
Room Details (11 rooms)
Listing Information
Listing History
MLS listing activity for 271 LESTER Street Unit# 102, Waterloo, Ontario, N2L3W6 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
271 LESTER Street Unit# 203, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
271 LESTER Street Unit# 303, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX TWIN CITY REALTY INC.
261 LESTER Street Unit# 301, Waterloo
Condo - Apartment$519,000
$3,891/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
280 LESTER Street Unit# 323, Waterloo
Condo - Apartment$409,800
$3,536/yr taxListing Courtesy of GREEN CITY REALTY INC.
301 - 261 LESTER STREET, Waterloo
Condo - Apartment$519,000
$3,892/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
280 LESTER Street Unit# 419, Waterloo
Condo - Apartment$388,000
$3,236/yr taxListing Courtesy of SMART FROM HOME REALTY LIMITED
253 LESTER Street Unit# 401, Waterloo
Condo - Apartment$514,900
$3,809/yr taxListing Courtesy of BENJAMINS REALTY INC.
246 LESTER Street Unit# PH-03, Waterloo
Condo - Apartment$469,900
$2,567/yr taxListing Courtesy of HOUSESIGMA INC.
330 PHILLIP Street Unit# S-110, Waterloo
Condo - Apartment$450,000
$3,346/yr taxListing Courtesy of RE/MAX Aboutowne Realty Corp.
145 COLUMBIA Street W Unit# 611, Waterloo
Condo - Apartment$475,000
Listing Courtesy of Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
Similar Homes ?Similar Homes — Search CriteriaSearch Radius5 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
271 LESTER Street Unit# 303, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX TWIN CITY REALTY INC.
271 LESTER Street Unit# 203, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
35 SOUTHSHORE Crescent Unit# 209, Stoney Creek
Condo - Apartment$549,900
$4,189/yr taxListing Courtesy of Royal LePage Burloak Real Estate Services
18 CRITZIA Drive, Mount Hope
Condo - Row / Townhouse$549,900
$4,226/yr taxListing Courtesy of RE/MAX Escarpment Realty Inc.
6 - 165 EGAN AVENUE, St. Marys
Condo - Row / Townhouse$549,900
Listing Courtesy of Coldwell Banker Homefield Legacy Realty
550 NORTH SERVICE Road Unit# 905, Grimsby
Condo - Apartment$549,900
$5,633/yr taxListing Courtesy of Royal LePage State Realty Inc.
47 BISHOP REDING Trail, Hamilton
Condo - Row / Townhouse$549,900
$1/yr taxListing Courtesy of RE/MAX Escarpment Realty Inc.
2 EVA Road Unit# 1724, Etobicoke
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$2,315/yr taxListing Courtesy of Real Broker Ontario Ltd
247 BROCK STREET Unit# 104, Amherstburg
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520 ANISE LANE, Sarnia
House$549,900
Listing Courtesy of Coldwell Banker Southwest Realty
Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
271 LESTER Street Unit# 303, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX TWIN CITY REALTY INC.
271 LESTER Street Unit# 203, Waterloo
Condo - Apartment$549,900
$3,713/yr taxListing Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.
301 - 261 LESTER STREET, Waterloo
Condo - Apartment$519,000
$3,892/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
261 LESTER Street Unit# 301, Waterloo
Condo - Apartment$519,000
$3,891/yr taxListing Courtesy of ROYAL LEPAGE SIGNATURE REALTY
253 LESTER Street Unit# 401, Waterloo
Condo - Apartment$514,900
$3,809/yr taxListing Courtesy of BENJAMINS REALTY INC.
392 ALBERT Street Unit# 302, Waterloo
Condo - Apartment$618,000
$4,861/yr taxListing Courtesy of Royal LePage Peaceland Realty
501 GLENELM Crescent, Waterloo
House$629,000
$3,850/yr taxListing Courtesy of HOMELIFE MIRACLE REALTY LTD
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271 LESTER Street Unit# 102, Waterloo, Ontario, N2L3W6