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$539,900
Available - For Sale
Listing ID: X13031346
Opportunity Knocks! Freshly painted and impeccably maintained, this ground-floor CORNER unit offers a truly hands-off investment in a high-demand area. Centrally located along the university hub-walking distance to both the University of Waterloo and Wilfrid Laurier University. All 5 bedrooms are fully tenanted. Three rooms are secured with 3-year leases beginning September 2025, providing exceptional stability and peace of mind for any investor. Two additional rooms have leases ending August 2026, offering the potential for new tenants at rates of up to $900 per room. The property currently generates $3,800/month in rental income, totaling $45,600 annually. The building has recently added a brand-new onsite laundry facility, enhancing convenience for tenants and boosting overall appeal .A rare chance to step into a worry-free, income-producing property in one of Waterloo's most sought-after student rental locations. Please see inclusions for furniture included.
Price $539,900
Taxes: $3,932
Occupancy by: Tenant
Address: 253 Lester Street , Waterloo, N2L 3W6, Waterloo
Postal Code: N2L 3W6
Province/State: Waterloo
Directions/Cross Streets: University/Lester
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Flat Living Ro 0 0 Ceramic Floor, Window, Combined w/Kitchen
Room 2: Flat Dining Ro 0 0 Ceramic Floor, Window, Combined w/Living
Room 3: Flat Kitchen 0 0 Ceramic Floor, Open Concept, Combined w/Living
Room 4: Flat Bedroom 0 0 Closet, Window, Broadloom
Room 5: Flat Bedroom 2 0 0 Closet, Window, Broadloom
Room 6: Flat Bedroom 3 0 0 Closet, Window, Broadloom
Room 7: Flat Bedroom 4 0 0 Closet, Window, Broadloom
Room 8: Flat Bedroom 5 0 0 Closet, Window, Broadloom
No. of Pieces Level
Washroom 1:  4 Flat
Washroom 2:  3 Flat
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Flat
Washroom 7:  3 Flat
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Flat
Washroom 12:  3 Flat
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Flat
Washroom 17:  3 Flat
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Total Area: 0
Approximatly Age: 11-15
Maintenance: 802
Heat Type: Forced Air
Central Air Conditioning: Central Air
Elevator Lift: True
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
CITYSCAPE REAL ESTATE LTD.

253 Lester Street , Waterloo, N2L 3W6, Waterloo

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Condo Apartment
Area: Waterloo
Municipality: Waterloo
Neighbourhood: Dufferin Grove
Style: Apartment
Lot Size: x 0.00()
Approximate Age: 11-15
Tax: $3,932
Maintenance Fee: $802
Beds: 5
Baths: 2
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908