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. (id:4069)
Address
605 - 251 LESTER STREET
List Price
$525,000
Property Type
Single Family
Type of Dwelling
Apartment
Transaction Type
Sale
Area
Ontario
Sub-Area
Waterloo
Bedrooms
5
Bathrooms
2
Floor Area
1200 - 1399 Sq. Ft.
Maint. Fee
$790.49
MLS® Number
X12464454
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Postal Code
N2L3W6
Features
Laundry- Coin operated
