$539,900
Available - For Sale
Listing ID: X13031346
253 Lester Street , Waterloo, N2L 3W6, Waterloo
| 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: | $3932.00 |
| Occupancy: | 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 | Ceramic Floor, Window, Combined w/Kitchen | ||
| Room 2 | Flat | Dining Ro | Ceramic Floor, Window, Combined w/Living | ||
| Room 3 | Flat | Kitchen | Ceramic Floor, Open Concept, Combined w/Living | ||
| Room 4 | Flat | Bedroom | Closet, Window, Broadloom | ||
| Room 5 | Flat | Bedroom 2 | Closet, Window, Broadloom | ||
| Room 6 | Flat | Bedroom 3 | Closet, Window, Broadloom | ||
| Room 7 | Flat | Bedroom 4 | Closet, Window, Broadloom | ||
| Room 8 | Flat | Bedroom 5 | Closet, Window, Broadloom |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Flat |
| Washroom Type 2 | 3 | Flat |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Flat |
| Washroom Type 7 | 3 | Flat |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | Flat |
| Washroom Type 12 | 3 | Flat |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | Flat |
| Washroom Type 17 | 3 | Flat |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 11-15 |
| Washrooms: | 2 |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Elevator Lift: | True |
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| CITYSCAPE REAL ESTATE LTD. |
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|
Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Condo Apartment |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Neighbourhood: | Dufferin Grove |
| Style: | Apartment |
| Approximate Age: | 11-15 |
| Tax: | $3,932 |
| Maintenance Fee: | $802 |
| Beds: | 5 |
| Baths: | 2 |
| Fireplace: | N |
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