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Room #1 - Vacant, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 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, elevator access, and proximity to transit, shops, and amenities.
| Room | Level | Size |
|---|---|---|
| Living room | Main level | |
| Dining room | Main level | |
| Kitchen | Main level | |
| Bedroom | Main level | |
| Bedroom 2 | Main level | |
| Bedroom 3 | Main level | |
| Bedroom 4 | Main level | |
| Bedroom 5 | Main level | |
| Bathroom | Main level | |
| Bathroom | Main level |