$599,000
ESTIMATED
5
BEDROOMS
2
BATHROOMS
X11910418
MLSID
251 Lester Street 506, Waterloo
Room #1 - $750, ending Aug 26, 2025, #2 - $750, ending Aug 26, 2025, #3 - $750, ending Aug 26, 2025, #4 - Vacant, #5 - $750, ending Aug 26, 2025. 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.
Summary
Address
251 Lester Street 506
City
Street
MLSID
X11910418
Property Type
Condo Apartment
Property Category
Bedrooms
5
Bathrooms
2
Kitchens
1
Taxes (Annual)
$4,059.00
Tax Year
2024
Published
January 7, 2025
Days on Market
208 Days
Possession Details
Tbd/Flexible
Inclusions
Fridge, Stove, Hood Fan, B/I Dishwasher
Exclusions
Tenants Belongings
Details
Bathroom 1
4-Piece Flat Level
Bathroom 2
4-Piece Flat Level
Parking Features
None
Architectural Style
Apartment
Construction Materials
Brick
Balcony Type
Open
Exposure
East
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
