Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

251 Lester Street 304, Waterloo, ON N2L 3W6 (University Ave W/Lester St)
$ 539000 - MLS : X12444925

From Our Gallery

Description

Turnkey Investment Opportunity in Waterloo's University District! Discover this purpose-built 5-bedroom, 2-bathroom condo at 251 Lester St, ideally located just steps from Wilfrid Laurier University and the University of Waterloo. With potential to generate over $49,000 in annual gross rental income and deliver positive monthly cash flow, this property is perfectly positioned for consistent returns. The unit features a spacious open-concept living area, two full bathrooms, and comes fully furnished for added convenience. Investors can take advantage of professional on-site property management for a truly hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and unbeatable proximity to transit, shops, and everyday amenities. Photos have been virtually decluttered. Unit 1: $900, ending Aug. 2027 Unit 2: $900, ending Aug. 2027, Unit 3: Vacant, Unit 4: $850, ending Sept 2026, Unit 5: $750, Month to Month. Detailed Proforma available upon request!

Location Description

University Ave W/Lester St

Property Detail

Community:
Property Type: Tenant/Residential Condo & Other
Bedrooms: 5
Bath: 2
Garages: None
Annual Property Taxes : $ 3932.04

Lot dimensions: sqft
Baths:

Facts and Features

Counstruction Material : Brick
Total Parking Space : 0
Parking Type : None
Community Features : Yes-with Restrictions

Amenities

Heating : Forced AirGas

Listing Contracted With: ROYAL LEPAGE SIGNATURE REALTY

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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