Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

251 Lester Street 206, Waterloo, ON N2L 3W6 (University ave W / Lester St)
$ 525000 - MLS : X12525442

From Our Gallery

Description

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 university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 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, elevator access, and proximity to transit, shops, and amenities.

Location Description

University ave W / Lester St

Property Detail

Community:
Property Type: Tenant/Residential Condo & Other
Bedrooms: 5
Bath: 2
Garages: None
Annual Property Taxes : $ 4059

Lot dimensions: sqft
Baths:

Facts and Features

Counstruction Material : Brick
Total Parking Space : 0
Parking Type : None
Community Features : Yes-with Restrictions

Amenities

Heating : Forced AirGas

Listing Contracted With: ROYAL LEPAGE SIGNATURE REALTY

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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