QuickQuote^TM: $402K - $539K

Waterloo ON, N2L 3W6

MLS® # 40783717

Property Information:

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:27)

Building Features:

Style: Apartment
Building Type: Apartment
Basement Type: None
Construction Style - Attachment: Attached
Exterior Finish: Other
Floor Space: 1389 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Refrigerator, Stove, Hood Fan

Property Features:

OwnershipType: Condominium
Property Type: Single Family
Bedrooms: 5
Bathrooms: 2
Access Type:
Amenities Nearby: Public Transit
Condo Fees: $781 Monthly
Features: Southern exposure, Laundry- Coin operated
Floor Space (approx): 1389 Square Feet
MaintenanceFee Type: Insurance, Heat, Water
Zoning: GR
Sewer: Municipal sewage system
Parking Type: None

Rooms:

Bathroom Main Level Measurements not available
Bathroom Main Level Measurements not available
Bedroom Main Level 13'6'' x 7'8''
Bedroom Main Level 11'8'' x 8'8''
Bedroom Main Level 8'8'' x 13'0''
Bedroom Main Level 12'3'' x 8'9''
Primary Bedroom Main Level 15'1'' x 7'9''
Foyer Main Level 11'3'' x 27'8''
Kitchen Main Level 11'3'' x 27'8''
Dining Main Level 11'3'' x 27'8''
Living Main Level 9'6'' x 9'3''

QuickQuote^TM

Approximate value for 5 bed, 2 bath condo in this area is:

List Price
below Estimate List Price
above Estimate

$529,000

List Price

$401,965

$538,998

Low Estimate

High Estimate

Market Price Trends

Location of 251 LESTER Street Unit# 203, Waterloo, Ontario, N2L 3W6

Lifestyle
Neighbourhood

Demographic Information of 251 LESTER Street Unit# 203, 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 %

Own Vs. Rent

More Detail

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Rating:

Notes:

Poonam Taggar

Royal LePage Signature Realty , Brokerage*

Direct 905.568.2121

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251 LESTER Street Unit# 203, Waterloo, Ontario, N2L 3W6