253 Lester Street 101, Waterloo, ON N2L 3W6
Waterloo , N2L 3W6
$530,000.00
5 Bedrooms
2 Bathrooms
Residential Condo & Other
Property Details
| MLS Number | X12596864 |
| Property Type | Residential Condo & Other |
| City | Waterloo |
| Postal Code | N2L 3W6 |
| Cross Street | University Ave W/Lester St |
| Street Number | 253 |
| Street Name | Lester |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Annual Tax | $3,809.00 |
| Occupant Type | Tenant |
Description
Room #1 - Vacant, #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.
Selvan Puvaneswaranathan
Broker — REMAX Crossroads