101- 253 Lester Street

Waterloo, ONCondo Apartment
$509,000
MLS® X13575452
Condo Apartment5 beds2 baths0 total
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About This Property

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. (id:63604)

Key Facts

Type
Condo Apartment
Beds
5
Baths
2
Size
1,000 sqft
Parking
0 total
Condo fee
$802

Highlights

  • Refrigerator
  • Dishwasher
  • Stove
  • Hood Fan
  • Window Coverings
Property Details 12 details
Bedrooms
5 bedrooms
5 above grade
Bathrooms
2 bathrooms
Parking
0 parking spaces
No Garage
Living area
1,000 - 1,199 sq. ft.
Property
Single Family · Condo/Strata · Attached
Property subtype
Single Family
Structure type
Apartment
Ownership
Condo/Strata
Attached status
Attached
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Fireplace
No
Taxes
$3,950.00

Interior features

RefrigeratorDishwasherStoveHood FanWindow CoveringsStorage - Locker

Exterior features

Brick

Systems and association

Common Area MaintenanceHeatWaterInsurance

Lot and water

Laundry- Coin operated
Rooms 10 rooms
Level
Room
Dimensions
Main level
Living room
4.26 m x 2.74 m
Main level
Dining room
4.26 m x 2.74 m
Main level
Kitchen
3.65 m x 3.35 m
Main level
Bedroom
3.96 m x 2.43 m
Main level
Bedroom 2
3.35 m x 2.43 m
Main level
Bedroom 3
3.04 m x 2.74 m
Main level
Bedroom 4
3.35 m x 2.43 m
Main level
Bedroom 5
3.65 m x 2.43 m
Main level
Bathroom
1.82 m x 1.21 m
Main level
Bathroom
1.21 m x 1.21 m
Mortgage & Affordability Estimate monthly costs
Mortgage Tools Buyer/Seller Snapshot
Purchase price$509,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

City
Waterloo
Postal code
N2L 3W6
Nearby
University Ave W/Lester St
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