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Royal LePage
Royal LePage
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$529,000

5 Beds

2 Baths

1200 - 1399 FEETSQ

QuickQuoteTM: $419K - $562K

Waterloo ON, N2L 3W6

MLS® # X12485550

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: Fridge, Stove, Hood Fan, Dishwasher

Exclusions : Tenants Belongings

Property Features:

  • Bedrooms: 5
  • Bathrooms: 2
  • Annual Tax Amount: $4,356
  • Architectural Style: Apartment
  • Association Fee Includes: Heat Included, Common Elements Included, Building Insurance Included, Water Included, CAC Included
  • Basement: None
  • Condo Fees: $781 Monthly
  • Construction Materials: Brick
  • Cooling: Central Air
  • Floor Space (approx): 1200-1399 Square Feet
  • Garage Type: None
  • Heat Type: Forced Air
  • Interior Features: Ventilation System
  • Laundry Features: In Building
  • Parking Features: None
  • Heat Source: Gas

Rooms:

  • Living Main Level 2.89 m x 2.81 m
  • Dining Main Level
  • Kitchen Main Level

Convert Measurement to:


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 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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