+21
LEASES: ROOM#1 - $900, ending AUG 26, 2027. ROOM#2 - $750, ending AUG 25, 2028. ROOM#3 - $900, ending AUG 26, 2027. ROOM#4 - $850, ending AUG 25, 2026. ROOM#5 - $900, ending AUG 26, 2027. 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 $51,000/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.
| Room | Level | Size |
|---|---|---|
| 4pc Bathroom | Main level | |
| 4pc Bathroom | Main level | |
| Bedroom | Main level | 7'8'' x 13'6'' |
| Bedroom | Main level | 8'8'' x 11'8'' |
| Bedroom | Main level | 13'0'' x 8'8'' |
| Bedroom | Main level | 8'9'' x 12'3'' |
| Primary Bedroom | Main level | 7'9'' x 15'1'' |
| Foyer | Main level | 27'8'' x 11'3'' |
| Kitchen | Main level | 27'8'' x 11'3'' |
| Dining room | Main level | 27'8'' x 11'3'' |
| Living room | Main level | 9'3'' x 9'6'' |