$525,000
Available - For Sale
Listing ID: X12464454
251 Lester Street , Waterloo, N2L 3W6, Waterloo
| Prime Turnkey Investment in Waterloo's University District! Exceptional opportunity to own a purpose-built 5-bedroom, 2-bathroom condo at 251 Lester Street, located just steps from Wilfrid Laurier University and the University of Waterloo. Designed for strong rental performance, this unit has the potential to generate over $49,000 in annual gross income. The condo offers a bright, open-concept living space, two full bathrooms, and comes fully furnished, making it move-in ready for tenants. Investors will appreciate the professional property management in place, ensuring a seamless, hands-off ownership experience. Condo fees include heat and water, while the building features shared laundry, elevator access, and unbeatable proximity to transit, shopping, dining, and everyday amenities. Whether you're expanding your portfolio or entering the student rental market, this property delivers reliable returns in one of Waterloo's most sought-after locations. Upgrades to the unit include: entire unit recently painted, new toilets, new dishwasher, new security locks on all rooms, new laminate flooring, new student chairs (gaming style) and whiteboards in every room. |
| Price | $525,000 |
| Taxes: | $4205.82 |
| Occupancy: | Tenant |
| Address: | 251 Lester Street , Waterloo, N2L 3W6, Waterloo |
| Postal Code: | N2L 3W6 |
| Province/State: | Waterloo |
| Directions/Cross Streets: | University Ave W / Lester St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 3 | Main |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 3 | Main |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | Main |
| Washroom Type 12 | 3 | Main |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | Main |
| Washroom Type 17 | 3 | Main |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 4 | Main |
| Washroom Type 22 | 3 | Main |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 4 | Main |
| Washroom Type 27 | 3 | Main |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 |
| Total Area: | 0.00 |
| Washrooms: | 2 |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
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| ROYAL LEPAGE SIGNATURE REALTY |
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At a Glance:
| Type: | Com - Condo Apartment |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Neighbourhood: | Dufferin Grove |
| Style: | Apartment |
| Tax: | $4,205.82 |
| Maintenance Fee: | $790.49 |
| Beds: | 5 |
| Baths: | 2 |
| Fireplace: | N |
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