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$569,900
Status: For Sale
Room #1 - $895, ending Aug 28, 2028, #2 - $895, ending Aug 28, 2028, #3 -$895, ending Aug 28, 2028, #4 - Vacant, #5 - $875, month 2 month.Incredible turnkey investment in the heart of Waterloo's universitydistrict! This purpose-built 5-bedroom, 2-bathroom condo at 253 Lester Sthas the potential to generate over $49,000/year in gross rental incomewith positive monthly cash flow. Just steps to Wilfrid Laurier Universityand the University of Waterloo, this high-demand location ensuresconsistent tenancy. Features include a spacious open-concept living area,two full baths, included furniture, and professional property managementoptions for a completely hands-off experience. Condo fees include heat andwater, and the building offers parking, shared laundry, elevator access,and proximity to transit, shops, and amenities. The seller will provide one year of professional property management or offer thecash value as part of the sale.
| Property Type | :Residential |
|---|---|
| MLS Number | :40752680 |
| Listing Type | :Sale |
| Property Age | :6-15 Years |
| Possession Date | : |
| Last Updated | :18 Jul, 2025 (139 Days ago) |
| Source | :Mississauga |
| Area | :Waterloo |
|---|---|
| City | :Waterloo |
| Area Major | :4 - Waterloo West |
| Area Minor | :417 - Beechwood/University |
| Postal Code | :
N2L 3W6
|
| Directions | :University Ave W/Lester St |
| Elevator(s) |
| Price | : $569,900 |
|---|---|
| Property Taxes | :$4059 |
| Maintenance Fees | :$790.49/month |
|---|---|
| Tax Year | :2024 |
| Bedrooms | :5 + |
|---|---|
| No. of Rooms | :11 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Bathrooms | :2 |
|---|---|
| Approx Square Footage | :1389 sqft |
| Dining Room | :3.43 m x 8.43 m |
|---|---|
| Kitchen | :3.43 m x 8.43 m |
| Bedroom | :2.64 m x 3.96 m |
| Bedroom | :3.73 m x 2.67 m |
| Bedroom | :3.56 m x 2.64 m |
| Living Room | :2.90 m x 2.82 m |
|---|---|
| Foyer | :3.43 m x 8.43 m |
| Bedroom Primary | :4.60 m x 2.36 m |
| Bedroom | :4.11 m x 2.34 m |
| Pets | :Restricted |
|---|
18 Jul, 2025
TREB #40752680
Listed
$569900
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