251 Lester Street 401, Waterloo - $509,000 | Modern Solution

251 Lester Street 401

251 Lester Street 401, Waterloo

251 Lester Street 401 in Waterloo - 5 bedroom, 2 bathroom. Listed at $509,000.

Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 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 facilities, elevator access, and proximity to transit, shops, and various amenities.

Property Details

  • Property Type: Mortgage
  • Style: Apartment
  • Square Footage: 1300 sqft
  • Basement: None
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 0 space
  • Property Taxes: $4,370/yr
  • Postal Code: N2L 3W6

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