Description

 Price: $ 509,000.00 MLS^®: X13115662         Location : 251 Lester Street 203, Waterloo, ON N2L 3W6

Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 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 facilities, elevator access, and proximity to transit, shops, and various amenities.

Location Description

University Ave W / Lester St

Property Details

• Property Type: Tenant/Residential Condo & Other
• Bedrooms: 5
• Bath: 2
• Garages: None

Building Features

• Construction Material: Brick
• Community Features: Yes-with Restrictions

Features

• Heating: Forced Air Gas