206 - 251 Lester Street Waterloo, Ontario N2L 3W6

$525,000

Maintenance, Heat, Water, Common Area Maintenance, Insurance

$790.49 Monthly

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. (id:61215)

Property Details

MLS® Number	X12525442
Property Type	Single Family
Community Features	Pets Allowed With Restrictions
Features	Laundry- Coin Operated

Building

Bathroom Total	2
Bedrooms Above Ground	5
Bedrooms Total	5
Appliances	Dishwasher, Hood Fan, Stove, Refrigerator
Basement Type	None
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	1,200 - 1,399 Ft2
Type	Apartment

Parking

No Garage

Land

Acreage

No

Rooms

Level	Type	Length	Width	Dimensions
Main Level	Living Room	2.9 m	2.82 m	2.9 m x 2.82 m
Main Level	Dining Room	3.43 m	8.43 m	3.43 m x 8.43 m
Main Level	Kitchen	3.43 m	8.43 m	3.43 m x 8.43 m
Main Level	Foyer	3.43 m	8.43 m	3.43 m x 8.43 m
Main Level	Primary Bedroom	4.6 m	2.36 m	4.6 m x 2.36 m
Main Level	Bedroom 2	3.73 m	2.67 m	3.73 m x 2.67 m
Main Level	Bedroom 3	2.64 m	3.96 m	2.64 m x 3.96 m
Main Level	Bedroom 4	3.56 m	2.64 m	3.56 m x 2.64 m
Main Level	Bedroom 5	4.11 m	2.34 m	4.11 m x 2.34 m

https://www.realtor.ca/real-estate/29084142/206-251-lester-street-waterloo