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

$529,000

MLS® # 40783717

Condo For Sale In Columbia, Waterloo, Ontario

$529,000

  • 5

    Bedrooms

  • 2

    Baths

  • $781.37

    Maintenance Fees

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''

Courtesy of: Royal LePage Signature Realty

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Additional Photos