203 - 251 LESTER STREET, Waterloo

$509,000

For sale: Apartment

Property type

Single Family

Bedrooms / bathrooms

5 bedrooms, 2 bathrooms

Living area

1,399 sqft

MLS number

MLS® X13115662

Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 251 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 facilities, elevator access, and proximity to transit, shops, and various amenities.