Header

 

logo

header

$585,000
Available - For Sale
Listing ID: X12037147
Generating over $53,000/year in Gross Revenue, this powerhouse of a student rental is a guaranteed money maker and one of the best passive investment models in the Waterloo Region. Walking distance to both Laurier and UW, theres no shortage of students eager to move here, and many stay for the duration of their education. With 5 bedrooms, 2 full bathrooms, and a massive open-concept living area, the attention to detail and practicality of construction in this purpose-built property make ownership a breeze. Even the furniture is included for a completely seamless and hassle-free tenant turnover. And the condo fees include Heat and Water for your peace of mind. Fully tenanted with the loveliest undergrads, there are 4 leases in place through to August 2026, and one lease ending in Aug 2025. Opt-in to the professional Property Management for a completely hands-off investment approach that delivers positive cashflow every single month.With ample parking located behind the property, a shared laundry area, an elevator for accessibility, close to eateries and amenities and transit, 253 Lester Street sure is a low risk income property to slide into your portfolio. Let's get you in for a closer look soon.
Price $585,000
Taxes: $3,499.38
Assessment Year: 2025
Occupancy by: Tenant
Address: 253 Lester Stre , Waterloo, N2L 3W6, Waterloo
Postal Code: N2L 3W6
Province/State: Waterloo
Directions/Cross Streets: University and Lester
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Bedroom 13.84 8.33
Room 2: Main Bedroom 2 12.82 8.33
Room 3: Main Bedroom 3 11.58 8.76
Room 4: Main Bedroom 4 10.59 9.84
Room 5: Main Bedroom 5 11.68 8.92
Room 6: Main Bathroom 5.97 3.97 3 Pc Bath
Room 7: Main Bathroom 5.97 3.97 4 Pc Bath
Room 8: Main Kitchen 9.15 9.25
Room 9: Main Living Ro 12.99 9.25
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  3 Main
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Total Area: 0
Approximatly Age: 11-15
Maintenance: 790.49
Heat Type: Forced Air
Central Air Conditioning: Central Air
Elevator Lift: True
First Name: *
Last Name: *
Phone: *
Email: *
Showing Date:
Showing Time:
I Am Thinking of Moving
 
First Name: *
Last Name: *
Phone: *
Email: *

Message:

From:

Name:
Email:

To:

Name:
Email:

Comment:

 

Down payment: $  
Interest Rate: %  
Amortization :  Years
Payment Frequency:
Your Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Trilliumwest Real Estate Brokerage Ltd

253 Lester Stre , Waterloo, N2L 3W6, Waterloo


 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Com - Condo Apartment
Area: Waterloo
Municipality: Waterloo
Neighbourhood: Dufferin Grove
Style: Apartment
Lot Size: x 0.00()
Approximate Age: 11-15
Tax: $3,499.38
Maintenance Fee: $790.49
Beds: 5
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
Locatin Map:
View Larger Map
Payment Calculator:
Price:
Down Payment: %
Rate: %
Amortization:  Years
Frequency
Calculate
Down Payment:
Mortgage Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Listing info
Description
General Details
Property Detail
Financial Info
Utilities and more
Get More Info:
Book Showing
Request More Info
Email Friend
Photos and movies:
View Slide Show
View All Photos
Calculator:
Affordability Chart
Mortgage Calculator
More To Do:
Print This Page

Listing added to compare list, click here  to view comparison chart.
!-- start of askavenue script -->