Property Description for 261 LESTER Street Unit# 301
Room #1 - $900, ending Aug 26, 2025, #2 - $900, ending Aug 26, 2025, #3 - $750, ending Aug 26, 2025, #4 - $900, ending Aug 26, 2025, #5 - $900, ending Aug 26, 2025. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 261 Lester St has the potential to generate over $52,000/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. The seller will provide one year of professional property management or offer the cash value as part of the sale. Photos are virtually decluttered. (id:38686)
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Property Details
Property Tax
: $3,627MLS® #
: 40763189
Home Features
Property Type
: CondoSquare Footage
: 1,349 SQFTSubdivision
: 417 - Beechwood/University
Interior Features
Heating
: Forced air, Natural gas
Utilities
Sewer
: Municipal sewage system
Other
Parking Features
: Underground, NoneExterior Features
: Brick
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