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CAONWaterloo253 Lester St
503 - 253 Lester St, Condo with 5 bedrooms, 2 bathrooms and null parking in Waterloo ON | Image 1
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$568,000

503 - 253 Lester St, Waterloo, ON

Condo

Sold

$--,---,---
$585,000
520
  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Apartment/Condominium
Levels Residential
Size -
Garage No
Maintenance Fees $790
Taxes $3,499
Approx. Age 
MLS® Number X12037147

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Generating over $53, 000/year in Gross Revenue, this powerhouse of a student rental is a guaranteed money maker and one of the best passive investment models in the Waterloo Region. Walking distance to both Laurier and UW, theres no shortage of students eager to move here, and many stay for the duration of their education. With 5 bedrooms, 2 full bathrooms, and a massive open-concept living area, the attention to detail and practicality of construction in this purpose-built property make ownership a breeze. Even the furniture is included for a completely seamless and hassle-free tenant turnover. And the condo fees include Heat and Water for your peace of mind. Fully tenanted with the loveliest undergrads, there are 4 leases in place through to August 2026, and one lease ending in Aug 2025. Opt-in to the professional Property Management for a completely hands-off investment approach that delivers positive cashflow every single month.With ample parking located behind the property, a shared laundry area, an elevator for accessibility, close to eateries and amenities and transit, 253 Lester Street sure is a low risk income property to slide into your portfolio. Let's get you in for a closer look soon.Show Description
MLS® NumberX12037147
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCoin Operated
Exposure
ExteriorControlled Entry
GarageNo
Approx. Age
Stories6
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas, Forced Air
A/CCentral Air
Heating Fuel

Extras

Rooms

Show Details
Living Room:Main9.26 × 13 ft

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