251 Lester ST #304 Active Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2L3W6
Key Details
Property Type Other Types
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $449
MLS Listing ID X12444925
Bedrooms 5
Condo Fees $790/mo
Property Sub-Type Condo
Source Toronto Regional Real Estate Board
Property Description
Turnkey Investment Opportunity in Waterloo's University District! Discover this purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St, ideally located just steps from Wilfrid Laurier University and the University of Waterloo. With potential to generate over $49,000 in annual gross rental income and deliver positive monthly cash flow, this property is perfectly positioned for consistent returns. The unit features a spacious open-concept living area, two full bathrooms, and comes fully furnished for added convenience. Investors can take advantage of professional on-site property management for a truly hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and unbeatable proximity to transit, shops, and everyday amenities. Photos have been virtually decluttered. Unit 1: $900, ending Aug. 2027 Unit 2: $900, ending Aug. 2027, Unit 3: Vacant, Unit 4: $850, ending Sept 2026, Unit 5: $750, Month to Month. Detailed Proforma available upon request! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
Community Features Pets Allowed With Restrictions
View Y/N No
Private Pool No
Others
Ownership Condominium/Strata