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 $49,000/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.
This Condo Apartment located at 251 Lester Street 203, Waterloo, ON N2L 3W6 is currently for sale and has been available at Kash Invest for 178 days. This property, in the city of Waterloo and local neighborhood, is listed at $509,000 with an estimated mortgage of $2,380* per month. It has an area of 1200-1399 sqft with 5 beds and 2 BR. Waterfront Communities C1, Weston and Bradford are nearby neighbourhoods.