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Key Facts
Key facts for 251 Lester Street #206
Property Type
Condo, Apartment
Parking
None 0 garage, 0 parking
MLS #
X12293570
Size
1200-1399 sqft
Basement
None
Listed on
2025-07-18
Lot size
-
Tax
$4,059 /yr
Days on Market
452
Approximate Age
-
Maintenance Fee
$790.49/mo
Central Air Conditio...
Description
Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 - $895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month. 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. The seller will provide one year of professional property management or offer the cash value as part of the sale. Photos are virtually decluttered.
