Property Information:

Opportunity Knocks! Freshly painted and impeccably maintained, this ground-floor CORNER unit offers a truly hands-off investment in a high-demand area. Centrally located along the university hub - walking distance to both University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted, generating $3,800/month in rental income which totals a yearly income of $45,600. Tenancies are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. The building has recently added a brand-new onsite laundry facility, enhancing convenience for the tenants. A rare chance to step into a worry-free, income-producing property. Please see inclusions for furniture included. (id:27)

Building Features:

Style: Apartment
Building Type: Apartment
Basement Type: None
Exterior Finish: Brick
Floor Space: 1000 - 1199 sqft
Flooring Type: Ceramic, Carpeted
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Blinds, Dishwasher, Stove, Refrigerator

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 5
Bathrooms: 2
Amenities Nearby: Public Transit, Schools
Community Features: Pets not Allowed
Condo Fees: $802 Monthly
Floor Space (approx): 1000 - 1199 Square Feet
MaintenanceFee Type: Common Area Maintenance, Heat, Insurance, Water
Zoning: Residential
Parking Type: No Garage

Rooms:

Living Flat/Apartment Level Measurements not available
Dining Flat/Apartment Level Measurements not available
Kitchen Flat/Apartment Level Measurements not available
Bedroom Flat/Apartment Level Measurements not available
2nd Bedroom Flat/Apartment Level Measurements not available
3rd Bedroom Flat/Apartment Level Measurements not available
4th Bedroom Flat/Apartment Level Measurements not available
5th Bedroom Flat/Apartment Level Measurements not available

Courtesy of: CITYSCAPE REAL ESTATE LTD.

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Demographic Information of #104 - 253 LESTER STREET, Waterloo, Ontario, N2L 3W6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$57,403.85

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

1.84 %

High school certificate or equivalent

44.01 %

Apprenticeship trade certificate/diploma

0.88 %

College/non-university certificate

7.85 %

University certificate (below bachelor)

1.23 %

University Degree

44.19 %

Commuter

Travel To Work

By Car

51.37 %

By Public Transit

25.77 %

By Walking

16.99 %

By Bicycle

2.1 %

By Other Methods

3.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

94.02 %

Houses

5.98 %

#104 - 253 LESTER STREET, Waterloo, Ontario, N2L 3W6