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$539,000
Est. payment /mo
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Condo
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1200-1399
MLS Listing ID X12444925
Style Apartment
Bedrooms 5
HOA Fees $790
Annual Tax Amount $3,932
Tax Year 2024
Property Sub-Type Condo Apartment
Property Description
Turnkey Investment Opportunity in Waterloo's University District! Discover this purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St, ideally located just steps from Wilfrid Laurier University and the University of Waterloo. With potential to generate over $49,000 in annual gross rental income and deliver positive monthly cash flow, this property is perfectly positioned for consistent returns. The unit features a spacious open-concept living area, two full bathrooms, and comes fully furnished for added convenience. Investors can take advantage of professional on-site property management for a truly hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and unbeatable proximity to transit, shops, and everyday amenities. Photos have been virtually decluttered. Unit 1: $900, ending Aug. 2027 Unit 2: $900, ending Aug. 2027, Unit 3: Vacant, Unit 4: $850, ending Sept 2026, Unit 5: $750, Month to Month. Detailed Proforma available upon request!
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Exposure East
Balcony None
Building
Story 3
Locker None
Others
Pets Allowed Restricted
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Listed by ROYAL LEPAGE SIGNATURE REALTY
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