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$ 569,900
Est. payment | /mo
5 Beds
2 Baths
$ 569,900
Est. payment | /mo
5 Beds
2 Baths
Key Details
Property Type Apartment
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1000-1199
MLS Listing ID X12310970
Style 1 Storey/Apt
Bedrooms 5
HOA Fees $790
Annual Tax Amount $3,538
Tax Year 2024
Property Sub-Type Condo Apartment
Property Description
Ideally located just steps from Wilfrid Laurier University and the University of Waterloo, this purpose-built 5 bedroom, 2 bathroom condo at 253 Lester St is a low-maintenance addition to any investor's portfolio! With the potential to generate over $50,000 per year in gross rental income, this property offers strong cash flow and consistent year-round tenancy! The thoughtfully designed layout features a spacious open concept living area with an updated kitchen and a bright, welcoming common room - perfect for student living! Condo fees include heat, water and air conditioning, the building features parking, shared laundry facilities, elevator access and an unbeatable proximity to transit, shopping, restaurants and all major amenities! The unit also offers professional property management for a completely hands-off experience! A rare opportunity to own a turnkey investment in one of Waterloo's most sought-after rental locations!
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features None
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Street Only
Exposure East
Balcony None
Building
Building Age 11-15
Story 5
Locker None
Others
Pets Allowed Yes-with Restrictions
ParcelsYN No
Listed by KELLER WILLIAMS INNOVATION REALTY
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