12
See all 12 photos
$525,000
Est. payment /mo
5 Beds
2 Baths
1,200 SqFt
Active
251 Lester ST #605 Waterloo, ON N2L3W6
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Key Details
Property Type Other Types
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $437
MLS® Listing ID X12464454
Bedrooms 5
Condo Fees $790/mo
Property Sub-Type Condo
Source Toronto Regional Real Estate Board
Property Description
Prime Turnkey Investment in Waterloo's University District! Exceptional opportunity to own a purpose-built 5-bedroom, 2-bathroom condo at 251 Lester Street, located just steps from Wilfrid Laurier University and the University of Waterloo. Designed for strong rental performance, this unit has the potential to generate over $49,000 in annual gross income. The condo offers a bright, open-concept living space, two full bathrooms, and comes fully furnished, making it move-in ready for tenants. Investors will appreciate the professional property management in place, ensuring a seamless, hands-off ownership experience. Condo fees include heat and water, while the building features shared laundry, elevator access, and unbeatable proximity to transit, shopping, dining, and everyday amenities. Whether you're expanding your portfolio or entering the student rental market, this property delivers reliable returns in one of Waterloo's most sought-after locations. Upgrades to the unit include: entire unit recently painted, new toilets, new dishwasher, new security locks on all rooms, new laminate flooring, new student chairs (gaming style) and whiteboards in every room. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
Community Features Pets Allowed With Restrictions
View Y/N No
Private Pool No
Others
Ownership Condominium/Strata
Listed by ROYAL LEPAGE SIGNATURE REALTY
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