251 Lester Street 304, Waterloo, ON N2L 3W6 (University Ave W/Lester St)

Price : $539,000.00 , MLS®# : X12444925

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!

Location Description

University Ave W/Lester St

Property Details
  • Community:
  • Property Type: Tenant/Residential Condo & Other
  • Bedrooms: 5
  • Bath: 2
  • Garages: None
  • Annual Property Taxes : $ 3932.04
Building Features
  • Counstruction Material : Brick
  • Total Parking Space : 0
  • Parking Type : None
  • Community Features : Yes-with Restrictions
Building Features
  • Heating : Forced AirGas
Land (Lot Features)

Listing Contracted With: ROYAL LEPAGE SIGNATURE REALTY