253 Lester Street 101, Waterloo, ON N2L 3W6 (University Ave W/Lester St)

Price : $530,000.00 , MLS®# : X12596864

Description

Room #1 - Vacant, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. 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.

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 : $ 3809
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