+15
Room #1 - vacating end of December, #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 |
|---|---|---|
| 3pc Bathroom | Main level | |
| 4pc Bathroom | Main level | |
| Bedroom | Main level | 8'5'' x 12'7'' |
| Bedroom | Main level | 8'11'' x 11'8'' |
| Bedroom | Main level | 9'10'' x 10'7'' |
| Bedroom | Main level | 8'9'' x 11'7'' |
| Bedroom | Main level | 8'4'' x 13'10'' |
| Kitchen | Main level | 11'5'' x 12'11'' |
| Dining room | Main level | 9'5'' x 14'11'' |
| Living room | Main level | 9'3'' x 14'11'' |