251 Lester Street 206, Waterloo, ON N2L 3W6 – Waterloo – $569,900

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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.

Property Details

• Bedrooms: 5
• Property Type: Residential Condo & Other
• List Price: $569,900
• Tax Year: 2024
• Annual Taxes: $4,059