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Royal LePage
Royal LePage
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$529,000

5 Beds

2 Baths

1389 FEETSQ

QuickQuoteTM: $419K - $562K

Waterloo ON, N2L 3W6

MLS® # 40783717

Property Information:

LEASES: ROOM#1 - $900, ending AUG 26, 2027. ROOM#2 - $750, ending AUG 25, 2028. ROOM#3 - $900, ending AUG 26, 2027. ROOM#4 - $850, ending AUG 25, 2026. ROOM#5 - $900, ending AUG 26, 2027. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St has the potential to generate over $51,000/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 facilities, elevator access, and proximity to transit, shops, and various amenities.

Inclusions: Furniture,Range Hood,Refrigerator,Stove

Building Features:

  • Floor Space: 1389 Square Feet

Property Features:

  • Bedrooms: 5
  • Bathrooms: 2+0
  • Architectural Style: 1 Storey/Apt
  • Association Amenities: Elevator(s), Parking
  • Condo Fees: $781
  • Construction Materials: Other
  • Cooling: Central Air
  • Driveway Parking: None
  • Floor Space (approx): 1389 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Ventilation System
  • Laundry Features: Coin Operated, In Building
  • Lot Features: Urban, Library, Major Highway, Place of Worship, Public Parking, Public Transit
  • Roof: Other
  • Water Source: Municipal
  • Zoning: GR
  • Sewer: Sewer (Municipal)

Rooms:

  • Kitchen Main Level 3.43 X 8.43
  • Foyer Main Level 3.43 X 8.43
  • Living Main Level 2.90 X 2.82
  • Dining Main Level 3.43 X 8.43
  • Primary Bedroom Main Level 4.60 X 2.36
  • Bedroom Main Level 4.11 X 2.34
  • Bedroom Main Level 2.64 X 3.96
  • Bedroom Main Level 3.73 X 2.67
  • Bedroom Main Level 3.56 X 2.64
  • Bathroom Main Level
  • Bathroom Main Level

This listing content provided by Brokers PlaybookTM

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Location of 203-251 Lester Street, Waterloo, ON, N2L 3W6

Demographic Information of 203-251 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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