271 LESTER Street Unit# 102, Waterloo, Ontario, N2L3W6

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 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®.