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$ 525,000
Est. payment | /mo
5 Beds
2 Baths
$ 525,000
Est. payment | /mo
5 Beds
2 Baths
Key Details
Property Type Apartment
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1200-1399
MLS Listing ID X12525442
Style Apartment
Bedrooms 5
HOA Fees $790
Annual Tax Amount $4,059
Tax Year 2024
Property Sub-Type Condo Apartment
Property Description
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-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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Exposure East
Balcony None
Building
Story 2
Locker None
Others
Pets Allowed Yes-with Restrictions
ParcelsYN No
Listed by ROYAL LEPAGE SIGNATURE REALTY
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