Turnkey Investment Opportunity in Waterloo's University District! Discover this purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St, ideally located just steps from Wilfrid Laurier University and the University of Waterloo. With potential to generate over $49,000 in annual gross rental income... and deliver positive monthly cash flow, this property is perfectly positioned for consistent returns. The unit features a spacious open-concept living area, two full bathrooms, and comes fully furnished for added convenience. Investors can take advantage of professional on-site property management for a truly hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and unbeatable proximity to transit, shops, and everyday amenities. Photos have been virtually decluttered. Unit 1: $900, ending Aug. 2027 Unit 2: $900, ending Aug. 2027, Unit 3: Vacant, Unit 4: $850, ending Sept 2026, Unit 5: $750, Month to Month. Detailed Proforma available upon request!
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Full Property Details
Interior
Bedrooms
5
Total Bedrooms
5
Washrooms
2
Square Footage
1200-1399 sqft
Basement
None
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Bedrooms
5
Total Bedrooms
5
Washrooms
2
Square Footage
1200-1399 sqft
Basement
None
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Central Air
Family Room
No
Kitchens
1
Total Kitchens
1
Fireplace Features
No
Exterior
Driveway
None
Parking Spaces
0
Total Parking Spaces
0.00
Parking Description
None
Garage Spaces
0
Balcony
None
Driveway
None
Parking Spaces
0
Total Parking Spaces
0.00
Parking Description
None
Garage Spaces
0
Balcony
None
Building Description
Style
Apartment
Home Type
Condo
Subtype
Condo Apt
Property Orientation
East
Exterior Finish
Brick
Possession Date
No Data
Locker
None
Style
Apartment
Home Type
Condo
Subtype
Condo Apt
Property Orientation
East
Exterior Finish
Brick
Possession Date
No Data
Locker
None
Taxes & Fees
Taxes
$3,932.04 /yr
Tax Year
2024
Occupancy
Tenant
Maintenance Fee
$790.49/mo
Central Air Conditioning
Included
Common Elements
Included
Heating
Included
Water
Included
Building Insurance
Included
Taxes
$3,932.04 /yr
Tax Year
2024
Occupancy
Tenant
Maintenance Fee
$790.49/mo
Central Air Conditioning
Included
Common Elements
Included
Heating
Included
Water
Included
Building Insurance
Included
Other
Pets
Restricted
Pets
Restricted
Jagtar Dhillon
Est. mortgage
$2,045/mo
Maintenance Fee
$790.49/mo
Property Taxes
$3,932.04/yr
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