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Royal LePage
Royal LePage
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$539,000

5 Beds

2 Baths

1200 - 1399 FEETSQ

QuickQuoteTM: $419K - $562K

Waterloo ON, N2L 3W6

MLS® # X12444925

Property Information:

Turnkey Investment Opportunity in Waterloo's University District! Discover this purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St, ideally located just steps from Wilfrid Laurier University and the University of Waterloo. With potential to generate over $49,000 in annual gross rental income and deliver positive monthly cash flow, this property is perfectly positioned for consistent returns. The unit features a spacious open-concept living area, two full bathrooms, and comes fully furnished for added convenience. Investors can take advantage of professional on-site property management for a truly hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and unbeatable proximity to transit, shops, and everyday amenities. Photos have been virtually decluttered. Unit 1: $900, ending Aug. 2027 Unit 2: $900, ending Aug. 2027, Unit 3: Vacant, Unit 4: $850, ending Sept 2026, Unit 5: $750, Month to Month. Detailed Proforma available upon request!

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

Exclusions : Tenants Belongings

Property Features:

  • Bedrooms: 5
  • Bathrooms: 2
  • Annual Tax Amount: $3,932
  • 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: Other
  • Laundry Features: Coin Operated, In Building
  • Parking Features: None
  • 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 304-251 Lester Street, Waterloo, ON, N2L 3W6

Demographic Information of 304-251 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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