251 Lester Street Unit# 203

- $529,000

Waterloo, N2L3W6
MLS ® 40783717

LEASES: ROOM#1 - $900, ending AUG 26, 2027. ROOM#2 - $750, ending AUG 25, 2028. ROOM#3 - $900, ending AUG 26, 2027. ROOM#4 - $850, ending AUG 25, 2026. ROOM#5 - $900, ending AUG 26, 2027. 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 $51,000/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. (id:38551)

Features

  • Southern Exposure
  • Laundry- Coin Operated

Location

Details

251 Lester Street Unit# 203, , Waterloo

  • Land

    Unknown

  • Bedrooms

    5 Bedroom(s)

    5
  • Bathrooms
    2
  • Parking

    None

    0

Rooms

251 Lester Street Unit# 203, , Waterloo

  • 4pc Bathroom

    main level

    Measurements not available
  • 4pc Bathroom

    main level

    Measurements not available
  • Bedroom

    main level

    13'6'' x 7'8''
  • Bedroom

    main level

    11'8'' x 8'8''
  • Bedroom

    main level

    8'8'' x 13'0''
  • Bedroom

    main level

    12'3'' x 8'9''
  • Primary Bedroom

    main level

    15'1'' x 7'9''
  • Foyer

    main level

    11'3'' x 27'8''
  • Kitchen

    main level

    11'3'' x 27'8''
  • Dining Room

    main level

    11'3'' x 27'8''
  • Living Room

    main level

    9'6'' x 9'3''