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101 - 253 LESTER STREET, Waterloo — listed at $509,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 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, elevator access, and proximity to transit, shops, and amenities. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.26 x 2.74 meters |
| Dining room | Main level | 4.26 x 2.74 meters |
| Kitchen | Main level | 3.65 x 3.35 meters |
| Bedroom | Main level | 3.96 x 2.43 meters |
| Bedroom 2 | Main level | 3.35 x 2.43 meters |
| Bedroom 3 | Main level | 3.04 x 2.74 meters |
| Bedroom 4 | Main level | 3.35 x 2.43 meters |
| Bedroom 5 | Main level | 3.65 x 2.43 meters |
| Bathroom | Main level | 1.82 x 1.21 meters |
| Bathroom | Main level | 1.21 x 1.21 meters |
What do the condo/maintenance fees cover?+
The $802/mo fee covers: Common Area Maintenance, Heat, Water, Insurance.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What's the parking situation?+
This property includes 0 spaces — No Garage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,950, a condo/maintenance fee of $802/mo, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Is 101 - 253 LESTER STREET a good fit for a growing family?+
With 5 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
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