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$ 530,000
Est. payment | /mo
5 Beds
2 Baths
$ 530,000
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 1000-1199
MLS Listing ID X12596864
Style Apartment
Bedrooms 5
HOA Fees $790
Annual Tax Amount $3,809
Tax Year 2025
Property Sub-Type Condo Apartment
Property Description
Room #1 - vacating end of December, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. 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 Yes
Basement None
Kitchen 1
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Underground
Exposure North West
Balcony None
Building
Building Age 16-30
Story 2
Locker None
Others
Pets Allowed Yes-with Restrictions
ParcelsYN No
Listed by ROYAL LEPAGE SIGNATURE REALTY
"My job is to deliver more results for you when you are buying or selling your property! "