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206 - 251 Lester Street Waterloo, Ontario N2L 3W6

5 Bedroom 2 Bathroom 1200 - 1399 sqft
Central Air Conditioning Forced Air

$569,900

Maintenance, Heat, Water, Common Area Maintenance, Insurance

$790.49 Monthly

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-built5-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. (id:60365)

Property Details

MLS® Number X12293570
Property Type Single Family
CommunityFeatures Pet Restrictions
Features Laundry- Coin Operated

Building

BathroomTotal 2
BedroomsAboveGround 5
BedroomsTotal 5
Appliances Dishwasher, Hood Fan, Stove, Refrigerator
CoolingType Central Air Conditioning
ExteriorFinish Brick
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 1200 - 1399 Sqft
Type Apartment

Parking

No Garage

Land

Acreage No

Rooms

Level Type Dimensions
Main Level Living Room 2.9 m x 2.82 m
Main Level Dining Room 3.43 m x 8.43 m
Main Level Kitchen 3.43 m x 8.43 m
Main Level Foyer 3.43 m x 8.43 m
Main Level Primary Bedroom 4.6 m x 2.36 m
Main Level Bedroom 2 3.73 m x 2.67 m
Main Level Bedroom 3 2.64 m x 3.96 m
Main Level Bedroom 4 3.56 m x 2.64 m
Main Level Bedroom 5 4.11 m x 2.34 m

https://www.realtor.ca/real-estate/28624426/206-251-lester-street-waterloo

Sumit Taggar
Salesperson

Royal LePage Signature Realty
201-30 Eglinton Ave West
Mississauga, Ontario L5R 3E7

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July 18 2025 04:12:50

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