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Royal LePage
Royal LePage
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$530,000

253 LESTER Street Unit# 101, Waterloo, Ontario, N2L 3W6

MLS® # 40791792

5 Beds

2  Baths

1158  FEETSQ

QuickQuoteTM: $402K - $539K

Waterloo ON, N2L 3W6

MLS® # 40791792

Property Information:

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. (id:27)

Building Features:

  • Style: Apartment
  • Building Type: Apartment
  • Basement Type: None
  • Construction Style - Attachment: Attached
  • Exterior Finish: Brick
  • Floor Space: 1158 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Refrigerator, Stove, Hood Fan

Property Features:

  • OwnershipType: Condominium
  • Property Type: Single Family
  • Bedrooms: 5
  • Bathrooms: 2
  • Access Type: Road access
  • Amenities Nearby: Public Transit, Schools
  • Built in: 2009
  • Condo Fees: $790 Monthly
  • Features: Laundry- Coin operated
  • Floor Space (approx): 1158 Square Feet
  • MaintenanceFee Type: Insurance, Heat, Water
  • Zoning: GR
  • Sewer: Municipal sewage system
  • Parking Type: Underground, None

Rooms:

  • Bathroom Main Level Measurements not available
  • Bathroom Main Level Measurements not available
  • Bedroom Main Level 12'7'' x 8'5''
  • Bedroom Main Level 11'8'' x 8'11''
  • Bedroom Main Level 10'7'' x 9'10''
  • Bedroom Main Level 11'7'' x 8'9''
  • Bedroom Main Level 13'10'' x 8'4''
  • Kitchen Main Level 12'11'' x 11'5''
  • Dining Main Level 14'11'' x 9'5''
  • Living Main Level 14'11'' x 9'3''

REALTOR.ca  

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Location of 253 LESTER Street Unit# 101, Waterloo, Ontario, N2L 3W6

Demographic Information of 253 LESTER Street Unit# 101, 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

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