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$ 569,900
Est. payment /mo
New
253 Lester ST ##104 Waterloo, ON N2L 3W6
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Apartment
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1000-1199
MLS Listing ID X12715914
Style Apartment
Bedrooms 5
HOA Fees $802
Annual Tax Amount $3,932
Tax Year 2025
Property Sub-Type Condo Apartment
Property Description
Opportunity Knocks! Freshly painted and impeccably maintained, this ground-floor CORNER unit offers a truly hands-off investment in a high-demand area. Centrally located along the university hub - walking distance to both University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted, generating $3,800/month in rental income which totals a yearly income of $45,600. Tenancies are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. The building has recently added a brand-new onsite laundry facility, enhancing convenience for the tenants. A rare chance to step into a worry-free, income-producing property. Please see inclusions for furniture included.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features Other
Heating Yes
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Exposure South West
Balcony None
Building
Building Age 11-15
Story 2
Unit Features Public Transit,School
Locker None
Others
Pets Allowed No
ParcelsYN No
Listed by CITYSCAPE REAL ESTATE LTD.