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$ 569,900
Est. payment /mo
New
251 Lester ST #206 Waterloo, ON N2L 3W6
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Condo
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1200-1399
MLS Listing ID X12293570
Style Apartment
Bedrooms 5
HOA Fees $790
Annual Tax Amount $4,059
Tax Year 2024
Property Sub-Type Condo Apartment
Property Description
Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 Lester St has the potential to generate over $49,000/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, elevator access, and proximity to transit, shops, and amenities. The seller will provide one year of professional property management or offer the cash value as part of the sale. Photos are virtually decluttered.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Basement None
Kitchen 1
Interior
Interior Features Other
Cooling Central Air
Inclusions Fridge, Stove, Hood Fan, B/I Dishwasher
Laundry Coin Operated, In Building
Exterior
Parking Features None
Exposure East
Balcony None
Lited by ROYAL LEPAGE SIGNATURE REALTY