Description
Room #1 - Vacant, #2 - $825, ending Aug 26, 2025, #3 Vacant, #4 - $850, monthly, #5 - $825, ending Aug 26, 2025. 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.
Additional Details
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- Unit No.
- 101
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- Approx Sq Ft
- 1000-1199
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- Building Type
- Condo Apartment
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- Building Style
- Apartment
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- Taxes
- $3538 (2024)
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- Garage Type
- None
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- Air Conditioning
- Central Air
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- Heating Type
- Forced Air
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- Kitchen
- 1
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- Basement
- None
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- Pets Permitted
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- Condo Inclusives
- Heat Included, Hydro Included, Common Elem. Included , Cable TV Includeded, Condo Tax Included, Building Insurance Included, Water Included, CAC Included, Parking Included
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- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
