202 - 251 LESTER STREET, WATERLOO

2025-10-16
 

Quick Summary

Location
202 - 251 LESTER STREET, WATERLOO, Ontario N2L3W6
Price
$525,000 CAD
Status:
For Sale
Property Type:
Single Family
Area:
1200 - 1399 sqft
Bedrooms:
5
Bathrooms:
2

MLS®#X12464450

Property Description

Prime Turnkey Investment in Waterloo's University District! Exceptional opportunity to own a include heat and water, while the building features shared laundry, elevator access, and include: entire unit recently painted, new toilets, new dishwasher, new security locks on all purpose-built 5-bedroom, 2-bathroom condo at 251 Lester Street, located just steps from Wilfrid Laurier University and the University of Waterloo. Designed for strong rental performance, this unit has the potential to generate over $49,000 in annual gross income. The condo offers a bright, open-concept living space, two full bathrooms, and comes fully furnished, making it move-in ready for tenants. Investors will appreciate the professional property management in place, ensuring a seamless, hands-off ownership experience. Condo fees include heat and water, while the building features shared laundry, elevator access, and unbeatable proximity to transit, shopping, dining, and everyday amenities. Whether you're expanding your portfolio or entering the student rental market, this property delivers reliable returns in one of Waterloo's most sought-after locations. Upgrades to the unit include: entire unit recently painted, new toilets, new dishwasher, new security locks on all rooms, new laminate flooring, new student chairs (gaming style) and whiteboards in every room. (id:32467)

Property Features

Building

  • Appliances: Dishwasher, Hood Fan, Stove, Refrigerator
  • Basement Type: None
  • Cooling Type: Central air conditioning
  • Exterior Finish: Brick
  • Fireplace: No
  • Interior Size: 1200 - 1399 sqft
  • Building Type: Apartment

Features

  • Feature: Laundry- Coin operated

Maintenance Fee

  • Maintenance Fee: 790.49

Ownership

  • Type: Condominium/Strata

Information entered by ROYAL LEPAGE SIGNATURE REALTY
Listing information last updated on: 2025-10-23 04:41:16


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