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.
ROYAL LEPAGE SIGNATURE REALTY
$569,900
206 - 251 Lester Street, Waterloo, Ontario
5 Bedrooms
2 Bathrooms
1389 Sqft
Property
MLS® Number: 40752680
Address: 206 - 251 Lester Street
City: Waterloo
Style: 1 Storey/Apt
Exterior: Brick
Utilities
Central Air: Yes
Heating: Forced Air, Natural Gas
This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.
Property Sale History
Travel and Neighbourhood
80/100Walk Score®
Very Walkable
Wondering what your commute might look like? Get Directions
Location
