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Royal LePage
Royal LePage
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$525,000

5 Beds

2 Baths

1200 - 1399 FEETSQ

QuickQuoteTM: $419K - $562K

Waterloo ON, N2L 3W6

MLS® # X12464450

Property Information:

Prime Turnkey Investment in Waterloo's University District! Exceptional opportunity to own a include heat and water, while the building features shared laundry, elevator access, and include: entire unit recently painted, new toilets, new dishwasher, new security locks on all 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.

Inclusions: Fridge, Stove, Hood Fan, B/I Dishwasher, 5 Beds, 5 Desks, Couch, Kitchen Table, Chairs

Exclusions : Tenants Belongings

Property Features:

  • Bedrooms: 5
  • Bathrooms: 2
  • Annual Tax Amount: $3,946
  • Architectural Style: Apartment
  • Association Fee Includes: Heat Included, Common Elements Included, Building Insurance Included, Water Included, CAC Included
  • Basement: None
  • Condo Fees: $790 Monthly
  • Construction Materials: Brick
  • Cooling: Central Air
  • Floor Space (approx): 1200-1399 Square Feet
  • Garage Type: None
  • Heat Type: Forced Air
  • Interior Features: None
  • Laundry Features: Coin Operated, In Building
  • Heat Source: Gas

Data provided by: Toronto Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Location of 202-251 Lester Street, Waterloo, ON, N2L 3W6

Demographic Information of 202-251 Lester Street, Waterloo, ON, N2L 3W6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$57,403.85

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

1.84 %

High school certificate or equivalent

44.01 %

Apprenticeship trade certificate/diploma

0.88 %

College/non-university certificate

7.85 %

University certificate (below bachelor)

1.23 %

University Degree

44.19 %

Commuter

Travel To Work

By Car

51.37 %

By Public Transit

25.77 %

By Walking

16.99 %

By Bicycle

2.1 %

By Other Methods

3.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

94.02 %

Houses

5.98 %

Own Vs. Rent

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