605 - 251 LESTER STREET, Waterloo, Ontario, N2L3W6

Property Description

Prime Turnkey Investment in Waterloo's University District! Exceptional opportunity to own a purpose-built 5-bedroom, 2-bathroom condo at 251 Lester Street, located just steps from Wilfrid Laurier University and the University of Waterloo. Designed for strong rental performance, this unit has the potential to generate over $49,000 in annual gross income. The condo offers a bright, open-concept living space, two full bathrooms, and comes fully furnished, making it move-in ready for tenants. Investors will appreciate the professional property management in place, ensuring a seamless, hands-off ownership experience. Condo fees include heat and water, while the building features shared laundry, elevator access, and unbeatable proximity to transit, shopping, dining, and everyday amenities. Whether you're expanding your portfolio or entering the student rental market, this property delivers reliable returns in one of Waterloo's most sought-after locations. Upgrades to the unit include: entire unit recently painted, new toilets, new dishwasher, new security locks on all rooms, new laminate flooring, new student chairs (gaming style) and whiteboards in every room. (id:64974)

Quick Facts

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

Costs

• Annual Taxes: $4,205.82
• Condo/HOA Fee: $790.49 / monthly
• Corp: Wolverine Property Management
• Includes: Common Area Maintenance, Heat, Water, Insurance

Listing Provided by: ROYAL LEPAGE SIGNATURE REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.