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$569,900
Available - For Sale
Listing ID: X12293570
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.
Price $569,900
Taxes: $4,059
Occupancy by: Tenant
Address: 251 Lester Stre , Waterloo, N2L 3W6, Waterloo
Postal Code: N2L 3W6
Province/State: Waterloo
Directions/Cross Streets: University ave W / Lester St
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 9.51 9.25
Room 2: Main Dining Ro 11.25 27.65
Room 3: Main Kitchen 11.25 27.65
Room 4: Main Foyer 11.25 27.65
Room 5: Main Primary B 15.09 7.74
Room 6: Main Bedroom 2 12.23 8.76
Room 7: Main Bedroom 3 8.66 12.99
Room 8: Main Bedroom 4 11.68 8.66
Room 9: Main Bedroom 5 13.48 7.68
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Main
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Main
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Total Area: 0
Maintenance: 790.49
Heat Type: Forced Air
Central Air Conditioning: Central Air
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE SIGNATURE REALTY

251 Lester Stre , Waterloo, N2L 3W6, Waterloo


 
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Type: Com - Condo Apartment
Area: Waterloo
Municipality: Waterloo
Neighbourhood: Dufferin Grove
Style: Apartment
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Tax: $4,059
Maintenance Fee: $790.49
Beds: 5
Baths: 2
Garage: 0
Fireplace: N
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