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$ 539,900
Est. payment /mo
Price Dropped by $30K
253 Lester ST ##104 Waterloo, ON N2L 3W6
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Apartment
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1000-1199
MLS Listing ID X13031346
Style Apartment
Bedrooms 5
Maintenance Fees $802
HOA Fees $802
Annual Tax Amount $3,932
Tax Year 2025
Property Sub-Type Condo Apartment
Property Description
Opportunity Knocks! Freshly painted and impeccably maintained, this ground-floor CORNER unit offers a truly hands-off investment in a high-demand area. Centrally located along the university hub-walking distance to both the University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted. Three rooms are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. Two additional rooms have leases ending August 2026, offering the potential for new tenants at rates of up to $900 per room. The property currently generates $3,800/month in rental income, totaling $45,600 annually. The building has recently added a brand-new onsite laundry facility, enhancing convenience for tenants and boosting overall appeal .A rare chance to step into a worry-free, income-producing property in one of Waterloo's most sought-after student rental locations. Please see inclusions for furniture included.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features Other
Heating Yes
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Exposure South West
Balcony None
Building
Building Age 11-15
Story 2
Unit Features Public Transit,School
Locker None
Others
Pets Allowed No
ParcelsYN No
Listed by CITYSCAPE REAL ESTATE LTD.