Condo
5 Bedrooms
2 Bathrooms
Size: 1,389 sqft
Mnt Fee:
$529,000
About this Condo in
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:14735)More About The Location
University ave W / Lester St
Listed by ROYAL LEPAGE SIGNATURE REALTY.
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:14735)
More About The Location
University ave W / Lester St
Listed by ROYAL LEPAGE SIGNATURE REALTY.
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More Details
- MLS®: 40783717
- Bedrooms: 5
- Bathrooms: 2
- Type: Condo
- Size: 1,389 sqft
- Full Baths: 2
- Storeys: 1 storeys
Rooms And Dimensions
- 4pc Bathroom: Measurements not available
- 4pc Bathroom: Measurements not available
- Bedroom: 13'6'' x 7'8''
- Bedroom: 11'8'' x 8'8''
- Bedroom: 8'8'' x 13'0''
- Bedroom: 12'3'' x 8'9''
- Primary Bedroom: 15'1'' x 7'9''
- Foyer: 11'3'' x 27'8''
- Kitchen: 11'3'' x 27'8''
- Dining room: 11'3'' x 27'8''
- Living room: 9'6'' x 9'3''
Call Peak Peninsula Realty for a free consultation on your next move.
519.586.2626
More about
Latitude: 43.4734462
Longitude: -80.5347353