36
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$489,000
Est. payment /mo
5 Beds
2 Baths
Active
251 Lester ST #206 Waterloo, ON N2L3W6
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Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1200 - 1399
MLS® Listing ID X13861922
Bedrooms 5
Condo Fees $790/mo
Property Sub-Type Condo
Property Description
Rare turnkey student asset generating $36,120/year gross in-place revenue ($3,010/month). Skip the leasing headache-Suite 206 at 251 Lester St is a purpose-built 5-bedroom, 2-bathroom residence featuring fully executed Ontario Standard Leases on long-term fixed horizons, backed by designated parental guarantors and managed turnkey by Property Management. Why gamble on unverified tenants when you can acquire secured cash flow from Day 1? Situated just steps from both the University of Waterloo and Wilfrid Laurier University, this unbeatable AAA location virtually eliminates vacancy risk while ensuring steady demand year after year. The suite comes complete with furnished living areas, an expansive open-concept common layout, two full four-piece bathrooms, and easy elevator access. Ownership is streamlined and predictable, as condo maintenance fees conveniently cover both heat and water. Professional property management infrastructure is already active and running smoothly behind the scenes, featuring automated tenant rent collection. Commuting is effortless with rapid access to the ION LRT transit line, local tech hubs, university plazas, grocery stores, and vibrant dining destinations. Whether you are expanding an established multi-family portfolio or are a parent-investor searching for a low-maintenance asset with strong fundamentals, this property delivers immediate predictability. Book your private viewing today! (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Main level 2.9 m X 2.82 m Living room
Extra Room 2 Main level 3.43 m X 8.43 m Dining room
Extra Room 3 Main level 3.43 m X 8.43 m Kitchen
Extra Room 4 Main level 3.43 m X 8.43 m Foyer
Extra Room 5 Main level 4.6 m X 2.36 m Primary Bedroom
Extra Room 6 Main level 3.73 m X 2.67 m Bedroom 2
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
Community Features Pets Allowed With Restrictions
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Ownership Condominium/Strata
Listed by ROYAL LEPAGE SIGNATURE REALTY
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